CNXN (NASDAQ: CNXN) investor files Form 144 to sell 2,000 shares
Rhea-AI Filing Summary
A holder of CNXN common stock has filed a notice of proposed sale under Form 144. The filing lists 2,000 shares of common stock to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services on the NASDAQ, with an indicated aggregate value of $167,720.00 and a reference share figure of 25,238,000.
The shares include stock previously acquired through the company’s Employee Stock Purchase Plan, specifically 1,377 shares purchased on 09/01/2017 and 623 shares purchased on 09/01/2018, both for cash.
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Key Figures
Shares to be sold: 2,000 shares
Aggregate value of shares: $167,720.00
Reference share figure: 25,238,000 shares
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5 metrics
Shares to be sold
2,000 shares
Common stock proposed for sale under Form 144
Aggregate value of shares
$167,720.00
Indicated aggregate value for 2,000 shares to be sold
Reference share figure
25,238,000 shares
Share figure cited alongside the proposed sale disclosure
ESPP purchase 2017
1,377 shares
Shares purchased through Employee Stock Purchase Plan on 09/01/2017
ESPP purchase 2018
623 shares
Shares purchased through Employee Stock Purchase Plan on 09/01/2018
Key Terms
Form 144, Employee Stock Purchase Plan, Securities To Be Sold
3 terms
Form 144 regulatory
"A holder of CNXN common stock has filed a notice of proposed sale under Form 144."
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Employee Stock Purchase Plan financial
"The shares include stock previously acquired through the company’s Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Securities To Be Sold regulatory
"144: Securities To Be Sold Common | 09/01/2017 | Shares Purchased Through Employee Stock Purchase Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stock sale is disclosed for CNXN in this Form 144 filing?
The Form 144 filing discloses a proposed sale of 2,000 shares of CNXN common stock. The sale is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services on the NASDAQ exchange.
Through which broker will the CNXN Form 144 sale be handled?
The proposed CNXN stock sale will be handled by Morgan Stanley Smith Barney LLC Executive Financial Services. The broker’s office is listed at 1 New York Plaza, 8th Floor, New York, NY 10004 in the Form 144.