Cadrenal Therapeutics (CVKD) Form 144 Discloses Founder Sale and Recent Dispositions
Rhea-AI Filing Summary
Form 144 notice for proposed sale of securities (Rule 144) filed for common stock to be sold on 09/24/2025 on NASDAQ. The notice lists 2,581 shares to be sold with an aggregate market value of $36,108 against 2,046,854 shares outstanding. The shares were acquired as Founders Shares on 01/25/2022. Recent sales by the same person are disclosed: 3,836 shares sold on 08/27/2025 for $53,455.56 and 1,193 shares sold on 08/28/2025 for $16,540.64. The filing includes a seller representation about absence of undisclosed material adverse information. Several issuer and filer identification fields in the form are blank or not provided in the supplied content.
Positive
- Disclosure of proposed sale amount and timing (2,581 shares planned for 09/24/2025)
- Provides acquisition history showing shares were acquired as founders shares on 01/25/2022
- Shows recent sales activity with dates and gross proceeds for aggregation under Rule 144
Negative
- Issuer name and filer identification fields are missing in the supplied content, limiting verification
- Submission contact information and filer CIK/CCC are not provided in the excerpt
- Remarks, signature, and exact dates for notice fields are not shown in the supplied text
Insights
TL;DR: Routine Rule 144 notice showing planned sale and recent sales; key identifiers are missing from supplied text.
The filing documents a proposed sale of 2,581 common shares on NASDAQ with an indicated market value of $36,108 and confirms acquisition as founders shares on 01/25/2022. It also discloses two recent open-market sales totaling 5,029 shares and gross proceeds of $69,996.20, which is important for aggregation under Rule 144. However, critical issuer and filer identification fields are absent in the provided content, limiting confirmatory compliance checks such as CIK matching, exact issuer name, and submission contact details. From a compliance perspective the notice appears to follow the Rule 144 structure but the missing identifiers should be obtained to complete due diligence.
TL;DR: Disclosure of founders shares sale and recent disposals is material for insiders; missing issuer/filer details reduce transparency.
The form indicates a founder selling common stock originally acquired on 01/25/2022 and shows recent dispositions on 08/27/2025 and 08/28/2025 totaling 5,029 shares with combined gross proceeds of $69,996.20. This pattern could be relevant to shareholder dilution analysis and insider activity monitoring. The representation regarding no undisclosed material adverse information is standard. Because the supplied content omits the issuer name and filer CIK/contacts, investors and governance reviewers cannot fully reconcile the transaction to company records solely from this excerpt.