[144] CHESAPEAKE UTILITIES CORP SEC Filing
Chesapeake Utilities Corp (CPK) filing a Form 144 notifies the proposed sale of 5,000 common shares through Fidelity Brokerage Services LLC on the NYSE, with an aggregate market value of $645,000 and an approximate sale date of 09/24/2025. The shares were acquired as stock awards: 4,655 shares on 02/23/2022 and 345 shares on 02/22/2023.
The filer reports no securities sold in the past three months and attests there is no undisclosed material adverse information. The notice follows Rule 144 disclosure requirements and lists the broker name and address for execution.
- Filer provides detailed acquisition history showing dates and quantities for the stock awards (4,655 and 345 shares)
- Broker and execution details provided (Fidelity Brokerage Services LLC, NYSE execution) allowing transparency in the proposed transaction
- No sales in past three months reported for the person whose account is to be sold, per the filing
- None.
Insights
TL;DR: Routine Rule 144 notice for an insider sale of 5,000 shares valued at $645,000; appears procedural and non-material to operations.
The filing documents a proposed sale of common shares acquired as stock awards in 2022 and 2023. The submission includes broker details and confirms no sales in the past three months. From a market-impact standpoint, a 5,000-share sale is unlikely to be material absent additional context on share ownership percentage or recent insider selling trends. The attestation of no undisclosed material adverse information is standard.
TL;DR: Form 144 appears complete for the proposed transaction and includes required acquisition and broker details.
The form lists acquisition dates, nature of acquisition as "Stock Award," and payment information as not applicable, which aligns with equity grant settlements. The filer also certifies the absence of undisclosed material adverse information. No reportable sales in the prior three months are recorded. Procedurally, the filing provides the necessary elements for a Rule 144 notice; no compliance exceptions are evident from the provided text.