Blue Biofuels director may sell 1.5M shares
A director of BLUE BIOFUELS, INC. filed a Rule 144 notice to potentially sell up to 1,500,000 BIOF shares on the OTCQB.
Rhea-AI Filing Summary
BLUE BIOFUELS, INC. (BIOF) has a notice of proposed sale under Rule 144 filed for the account of director Chris Kneppers. The notice covers up to 1,500,000 shares of common stock, with an aggregate market value of $150,000, to be sold through Raymond James on the OTCQB on or after September 3, 2026.
The shares relate to securities acquired from Blue Biofuels, Inc. in a private placement on May 9, 2022, paid for in cash on May 2, 2022. The filing lists 324,168,980 shares of this class outstanding. No sales during the past three months are disclosed.
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Key Figures
Shares proposed for sale: 1,500,000 shares
Aggregate market value: $150,000
Shares outstanding: 324,168,980 shares
+4 more
7 metrics
Shares proposed for sale
1,500,000 shares
Maximum number of BLUE BIOFUELS, INC. common shares in the Rule 144 notice
Aggregate market value
$150,000
Aggregate market value of the 1,500,000 shares proposed for sale
Shares outstanding
324,168,980 shares
Shares of BLUE BIOFUELS, INC. common stock outstanding for the class listed
Approximate sale date
September 3, 2026
Approximate date of sale indicated for the Rule 144 transaction
Acquisition date
May 9, 2022
Date the securities were acquired in a private placement
Securities acquired
1,500,000 shares
Number of shares acquired in the May 9, 2022 private placement
Date of payment
May 2, 2022
Payment date for the private placement, paid in cash
Key Terms
Rule 144, OTCQB, private placement
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
OTCQB market
"324168980 | 09/03/2026 | OTCQB"
OTCQB is a tier of the over‑the‑counter (OTC) market where smaller or developing companies list their shares for trading without being on a major stock exchange. Think of it like a well‑kept side street market: companies must meet basic reporting and transparency checks so investors get more information than the lowest OTC tier, but trading is usually less liquid and riskier than on big exchanges. Investors care because OTCQB listings can offer early access to growth stories but come with higher price swings and greater chance of limited resale options.
private placement financial
"05/09/2022 | Private placement | Blue Biofuels Inc"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
FAQ
What does the Form 144 filing disclose for BLUE BIOFUELS, INC. (BIOF)?
It discloses that director Chris Kneppers has filed a Rule 144 notice to potentially sell up to 1,500,000 shares of BLUE BIOFUELS, INC. common stock through Raymond James on the OTCQB, with an aggregate market value of $150,000.
AI-generated analysis. How Rhea-AI works. Not financial advice.