FingerMotion Insider Registers 150,000 Shares for Potential Sale
Rhea-AI Filing Summary
Form 144 filed for FingerMotion, Inc. (FNGR) reports a planned sale of 150,000 common shares through Tiger Brokers (Singapore) on or about 08 Aug 2025. At the filing date the shares carry an aggregate market value of US $235,000, representing roughly 0.25 % of the 59.4 million shares outstanding. The securities were originally acquired on 11 Dec 2020 via purchase and services rendered.
The same seller, Lee Yew Hon, has already disposed of 16,542 shares between 23–25 Jul 2025 for total gross proceeds of US $28,561.40, indicating an ongoing liquidation program. No relationship to the issuer is specified in the filing, and the signatory affirms no undisclosed material adverse information.
Form 144 is only a notice; actual sales may vary by market conditions or Rule 144 limits. Nevertheless, investors often view planned insider or affiliate sales as a potential overhang, especially when coupled with recent selling activity.
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Insights
TL;DR: Planned 150k-share sale (~0.25%) adds modest supply; recent 16.5k shares already sold.
This Form 144 signals a continued intent by the filer to monetize holdings. Although the size is small relative to FNGR’s float, consecutive sales within weeks could pressure sentiment and raise questions about the seller’s outlook. Absence of relationship data limits interpretation—seller may not be an officer or director—but frequency of filings suggests affiliation. From a liquidity view, Nasdaq can likely absorb 150k shares without major price dislocation, yet investors should monitor execution dates and accompanying market reaction.