Cadrenal (CVKD) insider files Form 144/A for 6,790 founder shares
Rhea-AI Filing Summary
Cadrenal Therapeutics, Inc. (CVKD) filing is a Form 144/A notice reporting a proposed sale of 6,790 common shares through Merrill Lynch (Ponte Vedra Beach, FL) with an approximate aggregate market value of $95,661.94, and an approximate sale date of 09/25/2025 on NASDAQ. The shares were acquired as Founders Shares on 01/25/2022. The filing also discloses three insider sales in the past three months by Quang X. Pham totaling 7,610 shares for gross proceeds of $106,104.20 across sales on 08/27/2025, 08/28/2025, and 09/24/2025. The notice includes the required certification that the seller is not aware of undisclosed material adverse information.
Positive
- Clear disclosure of the planned sale amount (6,790 shares), broker, estimated aggregate market value ($95,661.94), and planned sale date (09/25/2025).
- History of recent sales provided (7,610 shares sold in prior three months) with gross proceeds detailed, supporting market transparency.
- Origin of shares documented as Founders Shares acquired 01/25/2022, which clarifies the acquisition basis for Rule 144 purposes.
Negative
- Insider selling activity: planned sale plus recent sales total 13, ?400? shares (6,790 planned + 7,610 prior), representing insider liquidity rather than an acquisition signal.
- Administrative fields missing in provided excerpt: the supplied content does not show a completed date of notice or visible signature block information to fully confirm form execution in this snippet.
Insights
TL;DR: Insider disclosed planned sale of 6,790 founder shares; recent insider sales total 7,610 shares, disclosure complies with Rule 144/A requirements.
The Form 144/A shows a founder-origin position being sold through a broker with explicit quantities, values, and dates, which is standard for Rule 144 reporting. The disclosed past three months of sales by the same person (7,610 shares) and the planned 6,790-share sale are small relative to the reported outstanding shares (2,046,854), representing under 1% of outstanding stock. From a compliance and market-transparency standpoint, the filing is complete for the items provided. No earnings, financing, or other corporate developments are disclosed here to change valuation drivers.
TL;DR: The filing documents insider liquidity events but does not indicate undisclosed material corporate developments.
This notice fulfills the statutory disclosure obligation for an insider sale under Rule 144. It records that the shares were originally issued as founders shares and provides broker details, sale timing, and proceeds for recent transactions. The seller's attestation regarding material adverse information is present, but the form does not include a notice date or signature block details in the provided content. That omission in the supplied text means those administrative fields cannot be independently confirmed from this excerpt.