BTE (NYSE: BTE) files Form 144 proposing common stock sale

Rhea-AI Filing Summary

BTE submitted a Form 144 reporting a proposed sale of Common Stock. The filing lists prior open-market purchases of 45,000 shares on 09/15/2023, 123,762 shares on 08/01/2023, and 48,000 shares on 03/03/2023.

Insights

Securities Compliance Counsel

Form 144 notifies the market of a proposed affiliate resale of common stock.

The filing lists planned resale activity for Common Stock and shows historical open-market purchases on 03/03/2023, 08/01/2023, and 09/15/2023. The document functions as a notice required by federal resale rules.

Cash‑flow treatment and aggregate proceeds are not stated in the excerpt; subsequent sale details and timing will appear in trading reports or later filings.

Key Figures

Form type: Form 144 Purchase on 09/15/2023: 45,000 shares Purchase on 08/01/2023: 123,762 shares +3 more

6 metrics

Form type Form 144 Notice of proposed resale

Purchase on 09/15/2023 45,000 shares Open‑market purchase date listed in filing

Purchase on 08/01/2023 123,762 shares Open‑market purchase date listed in filing

Purchase on 03/03/2023 48,000 shares Open‑market purchase date listed in filing

Exchange NYSE Listing indicated in excerpt

Broker/dealer contact J.P. Morgan Securities LLC Named in securities information

Key Terms

Form 144, Open Market, Common Stock

3 terms

Form 144 regulatory

"144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Open Market market

"Purchase | Open Market"

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

Common Stock financial

"144: Securities To Be Sold Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	J.P. Morgan Securities LLC 270 Park Avenue, 10th Floor New York NY 10017	216762	1146671	765568147	05/19/2026	NYSE

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	09/15/2023	Purchase	Open Market			45000	09/15/2023	Cash
Common Stock	08/01/2023	Purchase	Open Market			123762	08/01/2023	Cash
Common Stock	03/03/2023	Purchase	Open Market			48000	03/03/2023	Cash

* 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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does BTE's Form 144 report?

It reports a proposed resale of Common Stock by an affiliate. The excerpt lists prior open‑market purchases of 45,000, 123,762, and 48,000 shares on the dates shown.

Does the Form 144 show the sale proceeds for BTE?

No. The excerpt does not state sale proceeds or offering price. The document lists share counts and purchase dates but does not disclose aggregate cash proceeds or intended sale price.

When were the prior open‑market purchases shown in the filing?

The excerpt lists purchases on 03/03/2023 (48,000 shares), 08/01/2023 (123,762 shares), and 09/15/2023 (45,000 shares), recorded as open‑market transactions.

Does Form 144 mean BTE shares have already been sold?

No. Form 144 is a notice of a proposed resale by an affiliate. The excerpt shows the proposed action and past purchases, not completed resale transactions or settlement details.