FingerMotion (FNGR) Files Form 144 to Sell 100,000 Shares
Rhea-AI Filing Summary
FingerMotion, Inc. (FNGR) filed a Form 144 reporting a proposed sale of 100,000 shares of common stock through Futu Securities International (Hong Kong) Limited, with an aggregate market value of $152,000. The shares represent part of an acquisition of 250,000 shares bought on 01/21/2019 from Fingermotion, Inc. for cash. The filing lists 57,581,186 shares outstanding and an approximate sale date of 09/17/2025 on Nasdaq. The filer reports no securities sold in the past three months and includes the standard representation about material nonpublic information.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider plans a modest sale equal to roughly 0.17% of outstanding shares; transaction appears routine and disclosed properly.
The filing shows a proposed sale of 100,000 shares valued at $152,000 against 57.6 million shares outstanding, indicating a small dilution or selling pressure relative to float. The acquisition history clarifies these are control/insider-held shares purchased in 2019 and paid for in cash. No related sales in the prior three months are reported, which reduces concerns about an ongoing disposal program. Overall, the disclosure is procedural and consistent with Rule 144 requirements.
TL;DR: Form 144 appears complete for Rule 144 notice: broker, quantity, acquisition details, and representation are provided.
The notice includes broker identification, quantity, aggregate value, acquisition date and nature, payment method, and the required representation regarding material nonpublic information. The filer also declares no sales in the prior three months, simplifying aggregation considerations. From a compliance perspective, the form contains the expected elements; further assessment depends on transactional execution and adherence to Rule 144 timing and aggregation rules.