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FSBC (NASDAQ: FSBC) holder plans 2,400-share Rule 144 stock sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

FSBC received a notice that a shareholder plans to sell 2,400 shares of its common stock under Rule 144. The proposed sale, through broker Stifel, has an aggregate market value of $96,528 and is listed for trading on Nasdaq.

The shares were originally acquired from the issuer on 02/07/2024 as a restricted stock award granted as compensation. As of the filing, the issuer had 21,376,153 shares of common stock outstanding, providing context for the planned transaction size.

Positive

  • None.

Negative

  • None.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does the Form 144 filing for FSBC disclose?

The Form 144 shows a shareholder plans to sell 2,400 FSBC common shares under Rule 144. The planned sale, routed through Stifel on Nasdaq, has an aggregate market value of $96,528, giving investors a clear view of this potential secondary market transaction.

How many FSBC shares are planned for sale under this Rule 144 notice?

The notice covers a planned sale of 2,400 FSBC common shares. These shares have an aggregate market value of $96,528 and are expected to be sold on Nasdaq through broker Stifel, subject to Rule 144 conditions and market execution.

When were the FSBC shares in this Form 144 acquired and on what terms?

The 2,400 FSBC shares were acquired on 02/07/2024 as a restricted stock award. They were granted directly by the issuer as compensation, with the same date listed for both acquisition and payment, indicating a non-cash, equity-based compensation transaction.

What is the approximate sale date and market venue for the FSBC shares?

The filer indicates an approximate sale date of 02/18/2026 for the 2,400 FSBC shares. The planned transaction is to occur on the Nasdaq market, using broker Stifel as the intermediary, consistent with typical Rule 144 resale practices for restricted securities.

How large is the planned FSBC Rule 144 sale relative to shares outstanding?

The planned 2,400-share sale is set against 21,376,153 FSBC common shares outstanding. This provides a baseline for judging the sale’s relative size, suggesting the transaction is small compared with the company’s total share count disclosed in the filing.
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