Cytosorbents (CTSO) Files Form 144 for Sale of Vested Shares
Rhea-AI Filing Summary
Cytosorbents Corp. (CTSO) filed a Form 144 reporting a proposed sale of 10,548 common shares through Fidelity Brokerage Services with an approximate sale date of 08/19/2025. The filing shows the shares were acquired on 08/14/2025 by restricted stock vesting from the issuer as compensation. The aggregate market value of the planned sale is listed as $11,447.74 and the company reports 62,761,805 shares outstanding. No other sales in the past three months are reported.
Positive
- The filing clearly discloses acquisition method as restricted stock vesting, linking the sale to compensation rather than external purchase.
- All required fields for the planned sale are provided: number of shares, aggregate market value, approximate sale date, broker name, and shares outstanding.
Negative
- An insider plans to sell vested shares, which is a disposition by an insider (though the amount appears immaterial relative to total outstanding shares).
- Several filer and issuer identifying fields (CIK, filer name, issuer name/address, submission contact details) are not presented in the provided content.
Insights
TL;DR: Routine insider sell of vested compensation shares; size is immaterial relative to outstanding shares.
The Form 144 documents a planned sale of 10,548 common shares valued at $11,447.74, representing roughly 0.017% of the 62.76 million shares outstanding. The shares were acquired via restricted stock vesting and are being sold through Fidelity Brokerage Services with an approximate sale date of 08/19/2025. This appears to be a compensation-related disposition rather than a large-scale insider liquidation, and no other sales in the prior three months are reported.
TL;DR: Filing meets Rule 144 disclosure for a compensatory vesting sale; no material compliance red flags visible in the notice.
The notice identifies the nature of acquisition