[144] Chord Energy Corporation SEC Filing
Rhea-AI Filing Summary
Form 144 notice by an insider of Chord Energy Corporation (CHRD) discloses a proposed sale of 3,019 common shares expected to be sold on 08/22/2025 on the NASDAQ for an aggregate market value of $318,286.80. The shares were acquired on 08/01/2025 via restricted stock vesting from the issuer and the consideration was compensation. The filing also lists a prior sale on 08/14/2025 of 1,000 shares by Shannon B. Kinney for gross proceeds of $101,642.50. The filer affirms they are not aware of any undisclosed material adverse information about the issuer.
Positive
- Securities to be sold were acquired via restricted stock vesting, indicating the transaction stems from standard compensation arrangements
- Filing includes the required representations and broker details, showing compliant Rule 144 disclosure
Negative
- Planned insider sale of 3,019 shares with an aggregate market value of $318,286.80 to occur on 08/22/2025
- Recent sale by Shannon B. Kinney of 1,000 shares on 08/14/2025 for gross proceeds of $101,642.50
Insights
TL;DR: Insider selling of vested restricted stock totalling 3,019 shares is disclosed; size appears modest given the sale value.
The filing reports a planned sale of 3,019 common shares valued at $318,286.80, arising from restricted stock vesting dated 08/01/2025 and to be sold on 08/22/2025 on NASDAQ. An additional recent sale by Shannon B. Kinney of 1,000 shares for $101,642.50 on 08/14/2025 is also disclosed. These transactions are described as compensation-related and routine; no earnings, debt or operational metrics are provided in this notice. From an analysis perspective, the filing documents routine monetization of vested equity rather than a change in corporate fundamentals.
TL;DR: Disclosure complies with Rule 144 reporting for insider sales; vesting and prior sale are explicitly documented.
The form indicates the shares to be sold were acquired through restricted stock vesting and lists the broker and sale timing, which aligns with standard Rule 144 disclosure practices. The filer provides the required representation about lack of undisclosed material information. There is no mention of a trading plan or 10b5-1 adoption date in the remarks, and no allegations or governance issues are raised in the text. This appears to be a routine insider sale disclosure rather than a governance red flag.