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[144] CHESAPEAKE UTILITIES CORP SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144
Rhea-AI Filing Summary

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.

Positive
  • 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
Negative
  • 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.

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

FAQ

What does CPK's Form 144 disclose about the proposed sale?

The form discloses a proposed sale of 5,000 common shares through Fidelity Brokerage Services LLC with an aggregate market value of $645,000 and an approximate sale date of 09/24/2025.

When were the shares to be sold acquired by the filer?

The filing shows the shares were acquired as stock awards on 02/23/2022 (4,655 shares) and 02/22/2023 (345 shares).

Did the filer report any securities sold in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months by the person for whose account the securities are to be sold.

What attestation does the filer make regarding material information?

By signing the notice, the filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.

What broker will execute the sale and on which exchange?

The broker listed is Fidelity Brokerage Services LLC, 245 Summer Street, Boston, MA, and the sale is expected to occur on the NYSE.
Chesapeake Utils Corp

NYSE:CPK

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3.16B
23.30M
1.84%
89.01%
2.17%
Utilities - Regulated Gas
Natural Gas Transmission & Distribution
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United States
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