Cars.com (NYSE: CARS) affiliate to sell 8,000 shares
Rhea-AI Filing Summary
Cars.com Inc. (CARS) received a notice that Donald A. McGovern, identified as an affiliate, plans to sell up to 8,000 shares of Cars.com common stock under Rule 144 through Merrill Lynch on the NYSE. The shares relate to restricted stock units (RSUs) dated June 1, 2023.
Positive
- None.
Negative
- None.
Key Figures
Shares proposed to be sold: 8,000 shares of common stock
Aggregate market value of proposed sale: $97,638.24
Equity award type and date: Restricted stock units (RSUs) dated June 1, 2023
3 metrics
Shares proposed to be sold
8,000 shares of common stock
Maximum amount under Rule 144 notice by Donald A. McGovern
Aggregate market value of proposed sale
$97,638.24
Value associated with 8,000 Cars.com common shares in the Form 144
Equity award type and date
Restricted stock units (RSUs) dated June 1, 2023
Source of shares listed in the securities to be sold section
Key Terms
Rule 144, restricted stock units (RSUs), affiliate
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.
restricted stock units (RSUs) financial
"RESTRICTED STOCK UNITS (RSUs) | CARS.COM"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
affiliate regulatory
"In addition, information shall be given as to sales by all persons ... AFFILIATE"
FAQ
What does the Form 144 filing disclose for CARS?
It discloses that Donald A. McGovern, an affiliate of Cars.com Inc. (CARS), intends to sell up to 8,000 shares of Cars.com common stock under Rule 144 through Merrill Lynch.
AI-generated analysis. How Rhea-AI works. Not financial advice.