Insider plans $12.0M Rule 144 common share sale
A holder of common shares has filed a Rule 144 notice to sell 154,479 shares of the issuer’s common stock through Morgan Stanley Smith Barney, with an aggregate market value of $12,040,093.26.
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Rhea-AI Filing Summary
A holder of common shares has filed a Rule 144 notice to sell 154,479 shares of the issuer’s common stock through Morgan Stanley Smith Barney, with an aggregate market value of $12,040,093.26. The common stock is listed on NASDAQ, and the issuer has 386,401,201 shares outstanding.
The shares to be sold were acquired on 12/27/2023 as founder shares directly from the issuer, in the same amount of 154,479. The filing also lists prior sales of the issuer’s common stock during the past three months under Rule 10b5-1 trading plans and other transactions, including sales attributed to Brian Venturo, West Clay Capital LLC, YOLO APV Trust, YOLO ECV Trust, and a non-affiliate donee, each with specified share amounts and gross proceeds.
Insights
Form 144 discloses planned founder-share sales and recent 10b5-1 activity.
This notice states that a holder of founder shares plans to sell 154,479 common shares under Rule 144, with an aggregate market value of $12,040,093.26. The shares were acquired on 12/27/2023 as founder shares from the issuer, matching the amount now proposed for sale, and will be sold through Morgan Stanley Smith Barney on NASDAQ, where 386,401,201 common shares are outstanding.
The document also summarizes recent sales of the issuer’s common stock over the past three months. These include multiple Rule 10b5-1 plan sales attributed to Brian Venturo, West Clay Capital LLC, YOLO APV Trust, and YOLO ECV Trust, as well as a transaction for a non-affiliate donee, each with detailed share counts and gross proceeds. The representation section reiterates that the seller does not know of undisclosed material adverse information about the issuer’s operations, consistent with Rule 144 and Rule 10b5-1 requirements.
FAQ
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What does this Form 144 filing for CRWV disclose?
What does the filing say about recent CRWV stock sales in the past three months?
What representation does the seller make about CRWV in this Form 144?
AI-generated analysis. How Rhea-AI works. Not financial advice.