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Check Point (NASDAQ: CHKP) holder plans $556,967 Rule 144 share sale

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

Rhea-AI Filing Summary

Check Point Software Technologies (CHKP) has a planned secondary stock sale under Rule 144. A shareholder intends to sell 3,248 ordinary shares through Oppenheimer & Co. on Nasdaq, with an aggregate market value of 556,967.04. The filing states that 108,368,523 shares were outstanding, so the proposed sale is small relative to the company’s total shares. The shares to be sold were acquired on February 15, 2024 via performance stock units and restricted stock units granted by the issuer.

Positive

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Negative

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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 CHKP Form 144 filing disclose?

The Form 144 discloses a planned sale of 3,248 Check Point ordinary shares. The seller intends to transact through Oppenheimer & Co. on Nasdaq, with an aggregate market value reported as 556,967.04, under Rule 144 resale provisions.

How many Check Point (CHKP) shares are planned for sale under this Form 144?

The filing shows a proposed sale of 3,248 ordinary shares of Check Point. These shares represent a small portion of the 108,368,523 shares reported as outstanding, indicating a limited relative size for this planned secondary transaction.

When were the CHKP shares in this Form 144 acquired?

The shares covered by the Form 144 were acquired on February 15, 2024. They came from performance stock units and restricted stock units granted by the issuer, reflecting equity-based compensation rather than open-market purchases.

What is the reported market value of the CHKP shares in this Form 144?

The Form 144 lists an aggregate market value of 556,967.04 for the 3,248 ordinary shares. This figure reflects the total value of the planned sale as of the time the notice was prepared, based on prevailing market pricing.

On which exchange will the CHKP Form 144 shares be sold and through which broker?

The filing indicates the ordinary shares are expected to be sold on Nasdaq. Oppenheimer & Co. Inc., based at 85 Broad Street in New York, is named as the broker handling the planned Rule 144 sale.

How does the planned CHKP Form 144 sale compare to shares outstanding?

The Form 144 reports 108,368,523 Check Point ordinary shares outstanding. The 3,248 shares planned for sale are a small fraction of this total, suggesting a limited proportional impact on the company’s overall share count.
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