CORT (NASDAQ: CORT) Rule 144 notice: 160,000 shares via Stifel
Rhea-AI Filing Summary
CORT files a Rule 144 notice to sell 160,000 shares of Common Stock through Stifel Nicolaus & Company Inc. The filing references 160,000 shares, an amount of $11,200,016.00, and a Nasdaq listing with a date entry of 06/01/2026. The excerpt also lists prior stock option exercises of 95,833 (02/02/2022) and 64,167 (02/13/2023).
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Insights
TL;DR: A Rule 144 notice was filed listing 160,000 common shares and related option-exercise history.
The filing lists a proposed resale of 160,000 shares via Stifel Nicolaus & Company Inc, with an amount shown as $11,200,016.00 and a Nasdaq listing referenced. Rule 144 notices are administrative disclosures of intended resale by restricted/affiliated holders.
Timing and cash-flow treatment are not further detailed in the excerpt; subsequent transaction mechanics will depend on the seller's compliance with the conditions of Rule 144 and any broker arrangements.
TL;DR: The notice shows past equity compensation exercises totaling 160,000 shares combined across two dated exercises.
The excerpt records stock option exercises of 95,833 on 02/02/2022 and 64,167 on 02/13/2023, which together equal the 160,000 share figure listed elsewhere in the row. These entries appear tied to equity-compensation events rather than an issuer-initiated primary offering.
Documentation of vesting, holding periods, or transfer restrictions is not included in the excerpt; review of full disclosure or transfer agent records would clarify resale eligibility under Rule 144.