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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.

(Neutral)
(Neutral)
Form Type
144

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.

Positive

  • None.

Negative

  • None.
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
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.

How many BLUE BIOFUELS, INC. (BIOF) shares are proposed for sale under this Form 144?

The notice covers up to 1,500,000 shares of common stock of BLUE BIOFUELS, INC. for potential sale under Rule 144. This is the maximum number of shares indicated in the filing for the proposed transaction.

What is the aggregate market value of the BIOF shares in this Form 144?

The filing lists an aggregate market value of $150,000 for the 1,500,000 shares of BLUE BIOFUELS, INC. common stock that are proposed to be sold under Rule 144.

When were the BLUE BIOFUELS, INC. (BIOF) shares being sold originally acquired?

The shares were acquired from Blue Biofuels, Inc. in a private placement on May 9, 2022. The filing also notes a date of payment of May 2, 2022, with the nature of payment specified as cash.

How many BLUE BIOFUELS, INC. (BIOF) shares are outstanding according to the Form 144?

The Form 144 reports that there are 324,168,980 shares of BLUE BIOFUELS, INC. common stock outstanding for the class referenced in the notice of proposed sale under Rule 144.

When is the proposed sale date for the BIOF shares under this Form 144?

The filing lists an approximate date of sale of September 3, 2026 for the proposed Rule 144 transaction involving up to 1,500,000 shares of BLUE BIOFUELS, INC. common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature