Chord Energy (CHRD) holder targets 2026 sale of $1.97M in stock
Rhea-AI Filing Summary
Chord Energy Corp (CHRD) received a Rule 144 notice indicating that Daniel E. Brown plans to sell up to 13,048 shares of Chord Energy common stock through Fidelity Brokerage Services LLC. The filing cites an aggregate market value of about $1,974,572.55 and an intended sale date on or after August 20, 2026.
Positive
- None.
Negative
- None.
Key Figures
Shares to be sold: 13,048 shares
Aggregate market value: $1,974,572.55
Shares outstanding: 54,697,872 shares
+3 more
6 metrics
Shares to be sold
13,048 shares
Proposed sale of Chord Energy Corp common stock under Rule 144
Aggregate market value
$1,974,572.55
Value of 13,048 Chord Energy Corp shares proposed to be sold
Shares outstanding
54,697,872 shares
Chord Energy Corp common shares outstanding referenced in the filing
Restricted stock vesting 1
5,580 shares
Restricted stock vesting from issuer on April 13, 2024 as compensation
Restricted stock vesting 2
7,468 shares
Restricted stock vesting from issuer on April 15, 2024 as compensation
Intended sale date
08/20/2026
Approximate date of sale for the proposed Rule 144 transaction
Key Terms
Rule 144, Restricted Stock Vesting, attorney-in-fact
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 Vesting financial
"Common | 04/13/2024 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
attorney-in-fact regulatory
"as attorney-in-fact for Daniel E Brown"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What does the Form 144 filing disclose for CHRD?
It discloses that Daniel E. Brown plans to sell up to 13,048 shares of Chord Energy Corp common stock under Rule 144, through Fidelity Brokerage Services LLC, with an indicated aggregate market value of about $1,974,572.55.
AI-generated analysis. How Rhea-AI works. Not financial advice.