[144] Ceragon Networks Ltd SEC Filing
Ceragon Networks Ltd (CRNT) filed a Form 144 reporting a proposed sale of 14,183 ordinary shares through Oppenheimer & Co. on NASDAQ with an aggregate market value of $26,096.72. The filing lists 88,392,925 shares outstanding, so the proposed sale is a very small fraction of the company.
The securities being sold were acquired as restricted stock units (RSUs) granted on 08/01/2022 (30,060), 08/08/2023 (5,415) and 08/05/2024 (1,455). The notice indicates no securities sold in the past three months, and includes the signer’s attestation they are not aware of undisclosed material adverse information about the issuer.
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Insights
TL;DR: The planned sale is immaterial in size relative to outstanding shares and unlikely to move markets.
The filing discloses a proposed sale of 14,183 ordinary shares with an aggregate value of $26,096.72, executed via Oppenheimer on NASDAQ. Against the reported 88,392,925 shares outstanding, this represents a negligible portion of the capital base. The shares were acquired via RSU grants in 2022–2024, which is consistent with routine executive compensation monetization. No sales were reported in the prior three months. Overall, this is a standard Rule 144 notice without clear market-moving implications.
TL;DR: Disclosure aligns with Rule 144 procedures; the filer affirms no undisclosed material adverse information.
The Form 144 provides required details: class of security, broker, acquisition history, and outstanding shares. The seller’s representation that they do not possess undisclosed material adverse information is explicitly stated in the remarks. The RSU origin of the shares and the absence of recent sales suggest routine compliance and monetization of compensation rather than signaling governance concerns.