FIG (FIG): Praveer Melwani files to sell 40,000 shares under Form 144
Rhea-AI Filing Summary
FIG – Form 144 sale notice for Praveer Melwani describes a proposed sale of up to 40,000 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services, with a proposed aggregate sale price of $996,800.00. The shares relate to Restricted Stock Units dated July 30, 2025. The filing also lists prior Rule 10b5‑1 plan sales of common stock in the past three months: 381,288 shares for $9,581,424.28 on July 29, 2026; 30,460 shares for $623,893.90 on July 6, 2026; and 83,974 shares for $1,911,911.63 on June 3, 2026.
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Key Figures
Proposed shares to be sold: 40,000 shares
Proposed aggregate sale price: $996,800.00
10b5-1 sale shares (07/29/2026): 381,288 shares
+5 more
8 metrics
Proposed shares to be sold
40,000 shares
Common stock covered by the Form 144 notice
Proposed aggregate sale price
$996,800.00
Estimated total for 40,000 FIG common shares
10b5-1 sale shares (07/29/2026)
381,288 shares
Rule 10b5-1 sale of FIG common stock on July 29, 2026
10b5-1 proceeds (07/29/2026)
$9,581,424.28
Proceeds from 381,288 shares sold on July 29, 2026
10b5-1 sale shares (07/06/2026)
30,460 shares
Rule 10b5-1 sale of FIG common stock on July 6, 2026
10b5-1 proceeds (07/06/2026)
$623,893.90
Proceeds from 30,460 shares sold on July 6, 2026
10b5-1 sale shares (06/03/2026)
83,974 shares
Rule 10b5-1 sale of FIG common stock on June 3, 2026
10b5-1 proceeds (06/03/2026)
$1,911,911.63
Proceeds from 83,974 shares sold on June 3, 2026
Key Terms
Form 144, Restricted Stock Units, Rule 10b5-1, aggregate sale price, +1 more
5 terms
Form 144 regulatory
"FIG – Form 144 sale notice for Praveer Melwani describes a proposed sale"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Restricted Stock Units financial
"The shares relate to Restricted Stock Units dated July 30, 2025"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 10b5-1 regulatory
"The filing also lists prior Rule 10b5‑1 plan sales of common stock"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
aggregate sale price financial
"with a proposed aggregate sale price of $996,800.00"
common stock financial
"proposed sale of up to 40,000 shares of common stock through Morgan Stanley"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What sale is being proposed in FIG’s Form 144 filing for Praveer Melwani?
The Form 144 filing reports a proposed sale of 40,000 shares of FIG common stock, with a proposed aggregate sale price of $996,800.00, related to Restricted Stock Units dated July 30, 2025.
What total proceeds are disclosed from recent FIG stock sales by Praveer Melwani?
Disclosed proceeds from recent Rule 10b5-1 sales are $9,581,424.28 on July 29, 2026, $623,893.90 on July 6, 2026, and $1,911,911.63 on June 3, 2026, from sales of FIG common shares.