[144] Comstock Holding Companies, Inc. SEC Filing
Comstock Holding Companies (CHCI) submitted a Form 144 reporting a proposed sale of 6,000 shares of Class A common stock. The filing names Morgan Stanley Smith Barney LLC as the broker, lists an aggregate market value of $88,740, and shows an approximate sale date of 08/12/2025 on Nasdaq. The issuer's reported shares outstanding are 9,851,162, so the 6,000-share notice represents about 0.061% of outstanding shares. The securities were acquired from the issuer on 03/15/2023 as restricted stock awards and were paid as equity compensation. The filer reports no sales in the past three months and provides the standard representation that they do not possess undisclosed material adverse information.
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Insights
TL;DR: Small insider sale notice—6,000 shares (~0.061% of outstanding); unlikely to materially affect valuation.
The Form 144 documents a proposed sale of 6,000 Class A shares through Morgan Stanley with an aggregate market value of $88,740 and an approximate sale date of 08/12/2025. Given the issuer's stated 9,851,162 shares outstanding, the position to be sold is immaterial in size. The securities were acquired as restricted stock awards on 03/15/2023 and were paid as equity compensation, which is a routine source of insider holdings. The filing also reports no sales in the past three months. Overall, this notice is a routine insider disposition with neutral impact on the company's capital structure or valuation.
TL;DR: Routine reporting of equity-compensation sale; includes standard insider representation and no recent insider sales.
The Form 144 identifies the broker, Morgan Stanley Smith Barney LLC, and confirms the securities were acquired from the issuer as restricted stock awards on 03/15/2023 and paid as equity compensation. The filer affirms they do not know of any undisclosed material adverse information. The filing notes no securities sold in the prior three months. From a governance perspective, this filing follows standard disclosure practice for planned dispositions of equity-based compensation and does not contain indications of material governance concerns.