STOCK TITAN

CNXN (NASDAQ: CNXN) investor files Form 144 to sell 2,000 shares

(Neutral)
(Neutral)
Form Type
144

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.

Positive

  • None.

Negative

  • None.
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
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.

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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.

What is the indicated value of the CNXN shares proposed for sale?

The filing lists an aggregate value of $167,720.00 for the 2,000 CNXN common shares to be sold. This value is part of the required disclosure of proposed sale terms in the Form 144 notice.

How many CNXN shares are referenced as a share figure in the Form 144?

The Form 144 cites a share figure of 25,238,000 CNXN common shares. This number appears as a reference figure in the disclosure, separate from the 2,000 shares proposed for sale.

What CNXN shares were acquired through the Employee Stock Purchase Plan?

The filing states that 1,377 shares of CNXN common stock were purchased on 09/01/2017 and 623 shares on 09/01/2018. Both blocks were acquired for cash under an Employee Stock Purchase Plan.

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.

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