Cadrenal Therapeutics (CVKD) Files Form 144 to Sell 1,600 Shares
Rhea-AI Filing Summary
Cadrenal Therapeutics (CVKD) filed a Form 144 to notify a proposed sale of 1,600 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $22,000. The filing shows 2,046,854 shares outstanding, so the notice covers a very small portion of the company’s outstanding stock. The shares were acquired as founders shares on 05/17/2022 and no payment financing arrangements are indicated. The planned approximate sale date is 08/27/2025. The filer reports no securities sold in the prior three months.
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Insights
TL;DR: Small proposed sale of founder shares; immaterial to capitalization but worth monitoring for insider liquidity.
The filing notifies a proposed sale of 1,600 common shares valued at $22,000 through Morgan Stanley Smith Barney. Relative to 2,046,854 shares outstanding, this represents a negligible stake, so the direct impact on share supply and market capitalization is minimal according to the document. The shares were acquired as founders shares on 05/17/2022 and no prior sales in the last three months are reported, consistent with limited insider disposition activity disclosed here.
TL;DR: Routine Rule 144 disclosure for insider liquidity; no governance red flags evident from this notice.
The Form 144 indicates the seller relies on Rule 144 procedures for disposing of restricted founder shares. The filing includes broker details and an explicit representation that the seller is unaware of undisclosed material adverse information. There are no indications in this notice of unusual trading plans, accelerated dispositions, or aggregated sales in the prior three months. Based solely on this filing, governance implications appear routine and procedural.