STOCK TITAN

GMR Solutions holder plans sale of 262,278 shares

A Rule 144 notice covers a planned sale of 262,278 GMRS Class A shares by Edward Van Horne, tied to RSU and performance-based RSU settlements.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

GMR Solutions Inc. (GMRS) received a notice of proposed sale of Class A common stock under Rule 144 for the account of Edward Van Horne. The planned sale covers 262,278 shares of Class A common stock to be handled through Goldman Sachs & Co. LLC on the NYSE.

The shares are to be sold on or about September 14, 2026 and were acquired upon settlement of restricted stock units and performance-based restricted stock units granted on July 26, 2024. The filing is signed by Thomas Cook as Attorney-in-Fact for the seller.

Positive

  • None.

Negative

  • None.
Shares proposed for sale 262,278 shares Class A common stock covered by the Rule 144 notice
Planned sale date September 14, 2026 Expected date of sale for the GMRS shares
Equity grant date July 26, 2024 Date restricted stock units and performance-based restricted stock units were granted
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock units financial
"Acquired upon settlement of restricted stock units and performance-based restricted"
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.
performance-based restricted stock units financial
"settlement of restricted stock units and performance-based restricted stock units"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
Attorney-in-Fact regulatory
"Signature | /s/ Thomas Cook, Attorney-in-Fact"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What size Rule 144 sale is being proposed for GMRS stock?

The notice covers a proposed Rule 144 sale of 262,278 shares of GMR Solutions Inc. Class A common stock. These shares are associated with equity awards that settled into stock before the planned sale date.

Who is selling GMRS shares under this Form 144?

The planned Rule 144 sale is for the account of Edward Van Horne. The document notes that information is provided for this person and any others whose sales must be aggregated under paragraph (e) of Rule 144.

When are the GMRS shares expected to be sold?

The planned sale date is September 14, 2026. The same date appears in both the securities information and the securities-to-be-sold sections as the expected sale date on the NYSE.

How were the GMRS shares in this Rule 144 filing acquired?

The 262,278 GMRS shares were acquired upon settlement of restricted stock units and performance-based restricted stock units that were granted on July 26, 2024, according to the description of the nature of acquisition.

Which broker is handling the proposed GMRS Rule 144 sale?

The proposed sale will be handled by Goldman Sachs & Co. LLC, listed with its New York address. The stock is identified for trading on the NYSE in the securities information section.

Who signed the GMRS Form 144 notice?

The notice is signed /s/ Thomas Cook, Attorney-in-Fact, indicating that Thomas Cook signed on behalf of the selling security holder under a power of attorney.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

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

Keep reading