Cadrenal Therapeutics (CVKD) Rule 144 Notice — 500 Shares Proposed Sale
Rhea-AI Filing Summary
Cadrenal Therapeutics (CVKD) Form 144 notifies the SEC of a proposed sale of 500 common shares to be executed on or about 10/02/2025 through Merrill Lynch (Ponte Vedra Beach, FL) on the NASDAQ. The filing identifies Quang X. Pham as the seller and shows those 500 shares were originally acquired as Founders Shares on 01/25/2022. The filing also discloses a series of sales by the same person over the prior three months: 3,836 shares on 08/27/2025, 1,193 on 08/28/2025, 2,581 on 09/24/2025, 6,790 on 09/25/2025, 419 on 09/29/2025, and 881 on 10/01/2025, with gross proceeds listed for each sale. The filer certifies compliance with Rule 144 representations required by the form.
Positive
- Seller provided required Rule 144 notice, indicating procedural compliance for resale of restricted/control shares
- Acquisition date disclosed (01/25/2022 as Founders Shares), which clarifies holding period for the shares being sold
Negative
- Multiple recent insider sales disclosed: 3,836 (08/27/2025), 1,193 (08/28/2025), 2,581 (09/24/2025), 6,790 (09/25/2025), 419 (09/29/2025), 881 (10/01/2025)
- Pending sale of 500 shares on 10/02/2025 may further reduce insider holdings
Insights
Form 144 documents a Rule 144 compliant notice for insider sales.
The filing shows a proposed sale of 500 common shares on 10/02/2025 via Merrill Lynch, and prior reported sales by the same person within the past three months.
This notice is the procedural disclosure required under Rule 144 to permit resale of restricted or control securities; it indicates the seller is following the rule's notice requirement rather than providing any new operational information about the issuer.
Multiple recent insider sales by the same person are disclosed in the filing.
The filing lists six separate sales between 08/27/2025 and 10/01/2025, with individual gross proceeds noted for each sale, showing ongoing disposition of shares by Quang X. Pham.
While the form does not state reasons for sales, the pattern of transactions is a factual disclosure investors can use to track insider liquidity.