Insider Notice: 1,193 CVKD Founder Shares Proposed for Sale on 08/28/2025
Rhea-AI Filing Summary
Form 144 notice for proposed sale of securities under Rule 144. The filing shows an intended sale of 1,193 common shares through Merrill Lynch on 08/28/2025 with an aggregate market value of $16,540.64. The shares were acquired as founders shares on 01/25/2022 from the company. The filing reports 2,046,854 shares outstanding for the class listed. Separately, the document discloses a recent sale by Quang Pham of 3,836 common shares on 08/27/2025 that generated $53,455.56 in gross proceeds. The issuer name and CIK are not provided in the visible content, and the filer contact details are blank.
Positive
- Required sale details provided: share counts, dates, broker, and aggregate values are included for the proposed sale and recent sale
- Acquisition history disclosed: the filing states the shares were founders shares acquired 01/25/2022, clarifying origin
Negative
- Issuer and filer identifiers missing: the issuer name and CIK are not provided in the visible content, limiting verification
- Contact information blank: submission contact details and filer CIK/CCC are not present, reducing traceability
Insights
TL;DR: Routine insider resale notice showing small founder and recent sale activity; missing issuer identifiers limit immediate tracking.
The filing documents a proposed resale of 1,193 common shares acquired as founders shares on 01/25/2022, to be executed via Merrill Lynch on 08/28/2025 for $16,540.64 aggregate market value. It also discloses a prior sale by Quang Pham of 3,836 shares on 08/27/2025 for $53,455.56. From a compliance perspective, the form records necessary sale details and acquisition history consistent with Rule 144 reporting. However, the absence of the issuer name and CIK in the provided content reduces the ability to cross-check insider status, holding limits, or aggregation with other filings.
TL;DR: Disclosure appears routine and non-material given amounts; incomplete issuer identification is a practical issue for stakeholders.
The amounts disclosed—1,193 shares (~$16.5k) proposed and a recent 3,836-share sale (~$53.5k)—are modest relative to typical market caps and do not in themselves indicate material corporate change. The acquisition entry shows these were founders shares dated 01/25/2022, which clarifies origin. For governance monitoring, the missing issuer name and filer identifiers are notable gaps that should be resolved to confirm insider relationship and any blackout or trading-plan context.