CRGO affiliate notifies proposed sale of 5,000 ordinary shares (NASDAQ: CRGO)

Rhea-AI Filing Summary

CRGO affiliate filed a Form 144 reporting a proposed sale of 5,000 ordinary shares. The shares are described as restricted stock that vested under a registered compensation plan on 01/01/2012. The proposed broker-dealer listed is Morgan Stanley Smith Barney LLC. The filing lists an execution/quote value of $6,300.00 and an exchange of NASDAQ.

Insights

Securities Lawyer

Form 144 notifies a proposed affiliate sale of restricted shares.

Form 144 is a statutory notice required when an affiliate intends to sell restricted or control securities in reliance on Rule 144. The filing here lists 5,000 ordinary shares described as restricted stock that vested under a registered compensation plan on 01/01/2012.

Timing and execution mechanics are not stated; subsequent Form 4 or trade confirmations would show actual dispositions. Cash-flow treatment and whether sales will be in the open market or negotiated block trades are not specified in the provided excerpt.

Equity Markets Analyst

Small proposed sale; transaction size appears routine relative to typical outstanding floats.

The notice lists 5,000 shares for sale through Morgan Stanley Smith Barney LLC, originating from vested restricted compensation granted on 01/01/2012. The excerpt gives a quote-like figure of $6,300.00, but does not state per-share price or proceeds to the seller.

Market impact depends on actual execution method and float; the filing alone is a notice of intent and does not confirm sale execution or settlement.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Ordinary	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	5000	6300.00	49726906	03/11/2026	NASDAQ

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Ordinary	01/01/2012	Restricted stock vesting under a registered plan	Issuer			5000	01/01/2012	Compensation

* 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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does CRGO's Form 144 filing report?

It reports a proposed sale of 5,000 ordinary shares by an affiliate. The shares are described as restricted stock that vested under a registered compensation plan on 01/01/2012, and Morgan Stanley Smith Barney LLC is listed as the broker-dealer.

Does the Form 144 confirm the shares were sold?

No. Form 144 is a notice of proposed sale, not proof of sale. Subsequent filings such as a Form 4 or broker confirmations would be required to confirm whether the 5,000 shares were actually disposed and at what price.

What shares are being offered under the filing for CRGO?

The filing lists 5,000 ordinary shares characterized as restricted stock vesting under a registered compensation plan dated 01/01/2012. The entry links the shares to compensation-related vesting rather than open-market purchases.

Who is the broker-dealer handling the proposed sale in the Form 144?

The filing names Morgan Stanley Smith Barney LLC at 1 New York Plaza, 8th Floor, New York, NY. That broker-dealer is listed as the intermediary for the proposed sale of the 5,000 ordinary shares.