Cadrenal (CVKD) insider sales total $106K; Form 144 filed
Rhea-AI Filing Summary
Form 144 filed for Cadrenal Therapeutics, Inc. (CVKD) reporting proposed and recent insider sales. The notice shows a proposed sale of 6,790 common shares through Merrill Lynch (Ponte Vedra Beach, FL) with an aggregate market value of $95,661.94 and an approximate sale date of 09/24/2025 on NASDAQ. The shares were acquired as Founders Shares on 01/25/2022 from the issuer. The filing also discloses sales by Quang X. Pham during the past three months: 3,836 shares on 08/27/2025 (gross proceeds $53,455.56), 1,193 shares on 08/28/2025 (gross proceeds $16,540.64), and 2,581 shares on 09/24/2025 (gross proceeds $36,108), totaling $106,104.20 in gross proceeds.
Positive
- None.
Negative
- Insider sales disclosed: Recent sales by Quang X. Pham generated $106,104.20 in gross proceeds over August–September 2025.
- Proposed additional sale: A Form 144 lists a proposed sale of 6,790 common shares valued at $95,661.94 with an approximate sale date of 09/24/2025.
Insights
TL;DR: Insider founder sold multiple blocks totaling $106,104.20 in recent months; a Form 144 notifies proposed additional sales.
The Form 144 discloses a proposed 6,790-share sale valued at $95,661.94 scheduled for 09/24/2025 and identifies prior sales by Quang X. Pham in August and September 2025 that generated $106,104.20 in gross proceeds. The shares to be sold were acquired as founders shares on 01/25/2022 from the issuer. From a trading-impact perspective, these are explicit, reported insider-disposition events; the filing provides transaction dates, quantities, broker, and values but does not state intent or provide context such as percentage ownership change or lock-up expiration.
TL;DR: The filing documents compliant disclosure of insider sales and a representation that no material undisclosed information is known.
The Form 144 includes the standard certification that the seller does not possess undisclosed material adverse information and lists the broker (Merrill Lynch) and exchange (NASDAQ). It confirms the securities were originally issued as founders shares on 01/25/2022. The document is procedural and provides required transaction transparency; it does not contain governance actions, plan adoption dates, or 10b5-1 plan information in the remarks section.