DSGN files Form 144 to sell $1.08M of common stock via BTIG on NASDAQ
Rhea-AI Filing Summary
Design Therapeutics reported a Form 144 notice proposing the sale of 217,627 common shares, with an aggregate market value of $1,083,783.00, scheduled approximately for 08/13/2025 on NASDAQ through broker BTIG, LLC. The filing shows the shares were originally acquired on 01/25/2021 in a private market transaction from Design Therapeutics, with 1,984,733 shares acquired and paid in cash on that date. The filer reports no securities sold in the past three months and affirms they are unaware of any undisclosed material adverse information about the issuer.
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Insights
TL;DR: A registered holder plans to sell a modest block equal to ~0.38% of outstanding shares, disclosed via Form 144 for transparency.
The Form 144 notifies the market of a proposed sale of 217,627 shares valued at $1,083,783 on 08/13/2025 through BTIG, LLC. Against the reported 56,948,126 shares outstanding, the proposed sale represents approximately 0.38% of the share count. The filer previously acquired 1,984,733 shares on 01/25/2021, so the proposed sale is about 10.96% of that holding. This disclosure is routine and provides market transparency about potential share supply.
TL;DR: The filing is a routine insider disclosure that affirms no undisclosed material adverse information and records no recent sales.
The notice includes a signed representation that the filer does not possess material nonpublic information about the issuer. The form also states there were no securities sold in the past three months by the selling person. The sale will be executed via a named broker on the national exchange, aligning with standard compliance and reporting procedures under Rule 144.