Trust sells 1,577 shares; 4,000 vested under plan (NASDAQ: FORM)
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
KEVIN J BREWER REVOCABLE TRUST filed a notice regarding proposed sales tied to restricted stock vesting under a registered plan. The filing lists 4,000 shares associated with restricted stock vesting on 05/16/2026 and shows 1,577 shares sold on 05/20/2026 for $195,981.68.
Positive
- None.
Negative
- None.
Insights
Form 144 notice for restricted stock vesting and a recent trust sale.
The filing documents 4,000 shares tied to restricted stock vesting under a registered plan with an event dated 05/16/2026. It also records a trust sale of 1,577 shares on 05/20/2026 for $195,981.68.
Timing, selling methods, and any resale mechanics are not detailed in the excerpt; subsequent broker or issuer disclosures would show how and when those vested shares may be transmitted to market.
Key Figures
Registered/vested shares: 4,000 shares
Shares sold (trust): 1,577 shares
Proceeds reported: $195,981.68
+1 more
4 metrics
Registered/vested shares
4,000 shares
Restricted stock vesting under a registered plan on <date>05/16/2026</date>
Shares sold (trust)
1,577 shares
Sale reported on <date>05/20/2026</date>
Proceeds reported
$195,981.68
Proceeds from the 1,577-share sale on <date>05/20/2026</date>
Filing form
Form 144
Notice of proposed sale by affiliate
Key Terms
Restricted stock vesting, Form 144, Revocable Trust
3 terms
Restricted stock vesting financial
"Restricted stock vesting under a registered plan"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
Form 144 regulatory
"Filer Information | 144: Filer Information"
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.
Revocable Trust legal
"KEVIN J BREWER REVOCABLE TRUST 7005 Southfront Road Livermore CA"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
What does the Form 144 filed for FORM disclose?
Direct answer: The filing discloses proposed sales tied to restricted stock vesting of 4,000 shares dated 05/16/2026 and a recent sale of 1,577 shares on 05/20/2026 for $195,981.68.
Who appears as the seller in the Form 144 excerpt?
Direct answer: The excerpt lists KEVIN J BREWER REVOCABLE TRUST as a selling party that reported a sale of 1,577 shares on 05/20/2026 for $195,981.68, and identifies vested restricted shares totaling 4,000 dated 05/16/2026.