[144] DT Midstream, Inc. SEC Filing
Rhea-AI Filing Summary
DT Midstream filed a Form 144 notifying the market of a proposed sale of 4,755 shares of common stock, with an aggregate market value of $496,742.96, intended to be sold on the NYSE through Morgan Stanley Smith Barney LLC on 08/11/2025. The filing reports 101,592,505 shares outstanding for the issuer. The securities were acquired as restricted stock vesting under a registered plan on 02/04/2025 (799 shares), 02/25/2025 (3,400 shares) and 08/02/2025 (556 shares), with payment described as cash. The filer reports no securities sold in the past three months and includes the customary representation that they are not aware of undisclosed material adverse information.
Positive
- None.
Negative
- None.
Insights
Insider sale notice; modest size versus outstanding shares, limited immediate market impact.
The Form 144 documents a proposed insider sale of 4,755 common shares valued at $496,742.96 and identifies the executing broker and exchange. The disclosure includes acquisition dates and that the shares resulted from restricted stock vesting and were paid for in cash. With 101,592,505 shares outstanding, the proposed sale represents a very small fraction of the float. The filing also states there were no sales in the prior three months, which provides context on recent insider liquidity. Overall, this is routine regulatory disclosure rather than a material corporate development.
Form 144 is a standard compliance filing; it documents a planned sale but does not indicate undisclosed company issues.
The filing complies with Rule 144 notice requirements by specifying the number of shares, aggregate value, broker, exchange, and acquisition details. It includes the standard signature representation that the seller is not aware of material undisclosed information and notes no securities were sold in the past three months. The presence of restricted stock vesting dates is relevant for governance reporting and insider compensation transparency, but the size and nature of the sale do not by themselves signal governance concerns.