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Rule 144 Filing: Insider Sales by Dhananjay Prasanna Include Multiple Transactions

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Form 144 notice indicates a proposed sale of 900 common shares through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $64,998.00. The filing shows the shares were acquired as restricted stock on 08/20/2024 and the proposed approximate sale date is 10/01/2025. The issuer's total shares outstanding are listed as 609,584,000.

The document also records multiple sales by the same person, Dhananjay Prasanna, totaling sizable quantities across July–September 2025, including transactions of 5,659 shares on 08/21/2025 and several other sales (e.g., 3,600 shares on 08/15/2025 and 08/01/2025). The filer attests they are not aware of undisclosed material adverse information and the notice includes standard Rule 144 representations.

Positive

  • Provides full Rule 144 disclosure for the proposed sale including broker, amount, aggregate market value, and approximate sale date
  • Includes detailed record of prior dispositions by the same person with dates and gross proceeds, aiding transparency
  • Filer attests there is no undisclosed material adverse information, consistent with regulatory requirements

Negative

  • Significant insider selling activity is shown in July–September 2025 (e.g., 5,659 shares on 08/21/2025), which may be viewed negatively by some investors
  • Filing lacks issuer name and some contact fields are incomplete in the provided extract, limiting immediate context about the issuer

Insights

TL;DR: Routine insider sale notice showing ongoing dispositions by an insider; not clearly material to company operations.

The filing documents a proposed sale of 900 restricted shares and lists numerous recent sales by the same individual totaling several thousand shares across July–September 2025. With 609,584,000 shares outstanding, the proposed sale of 900 shares represents a de minimis fraction of outstanding stock. The disclosure is consistent with Rule 144 compliance and provides transparent market-impact data by citing aggregate market value for the proposed sale as $64,998.00.

TL;DR: Filing meets Rule 144 reporting requirements and includes attestation; shows active selling, which warrants monitoring for pattern but is procedurally compliant.

The Form 144 lists acquisition as restricted stock on 08/20/2024 and notes the filer’s attestation about absence of undisclosed material adverse information. Multiple prior sales by the filer are detailed with dates and gross proceeds, supporting aggregation requirements under Rule 144. From a compliance perspective, the document contains the necessary broker, amounts, and timing to satisfy notice obligations.

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

FAQ

What does the Form 144 filed under symbol BSQKZ report?

The Form 144 reports a proposed sale of 900 common shares via Morgan Stanley Smith Barney LLC with an aggregate market value of $64,998.00, approximate sale date 10/01/2025.

Who is the seller named in the filing?

The seller listed for recent transactions is Dhananjay Prasanna at the provided address, with multiple sales recorded between July and September 2025.

When were the securities acquired that are proposed to be sold?

The 900 shares proposed for sale were acquired as restricted stock on 08/20/2024 and payment is noted as not applicable.

How many shares does the issuer have outstanding according to the filing?

The filing lists 609,584,000 shares outstanding.

Does the filing indicate any undisclosed material information?

The filer signs an attestation representing they do not know of any material adverse information about the issuer that has not been publicly disclosed.
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