CNXN (CNXN) holder files to sell 50,000 shares in Rule 144 transaction
Rhea-AI Filing Summary
A holder of CNXN common stock has filed to sell up to 50,000 shares under Rule 144 on the NASDAQ, with an indicated aggregate value of about $4,237,500 and an expected sale date of August 3, 2026. The filing also lists prior vesting of restricted stock unit awards granted under the issuer’s equity compensation plan, including awards vesting on several dates from 2013 through 2025 with individual vesting amounts ranging from 1,842 to 12,130 shares.
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Key Figures
Shares to be sold: 50,000 shares
Aggregate value: $4,237,500.00
Planned sale date: 08/03/2026
+3 more
6 metrics
Shares to be sold
50,000 shares
Planned Rule 144 sale of CNXN common stock
Aggregate value
$4,237,500.00
Indicated value for 50,000 CNXN common shares to be sold
Planned sale date
08/03/2026
Expected date for Rule 144 sale of CNXN shares
RSU vesting tranche
12,130 shares
Restricted stock unit award vesting on 09/01/2024
RSU vesting tranche
6,320 shares
Restricted stock unit award vesting on 04/01/2024
RSU vesting tranche
1,842 shares
Restricted stock unit award vesting on 08/01/2014
Key Terms
Rule 144, restricted stock unit award, equity compensation plan, vesting
4 terms
Rule 144 regulatory
"A holder of CNXN common stock has filed to sell under 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 unit award financial
"Vesting of restricted stock unit award granted as part of issuer plan"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
equity compensation plan financial
"Granted as apart of issuer equity compensation plan"
A plan by which a company gives employees, directors or contractors ownership or the right to buy ownership in the company through stock, options or similar awards — think of promising slices of the company pie as part of someone's pay. It matters to investors because these awards can change the number of shares outstanding, affect reported profits and influence management’s decisions; large or generous plans can dilute existing holders and alter incentives over time.
vesting financial
"Multiple entries list the vesting of restricted stock unit awards"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What type of CNXN securities are covered in this Form 144?
The filing covers common stock of CNXN, with up to 50,000 shares planned for sale on the NASDAQ and a reported aggregate value of about $4,237,500 based on the information in the form.