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GMR Solutions director files $19.3M stock sale notice

A GMR Solutions Inc. director and officer filed a Rule 144 notice to sell up to 1,457,102 Class A shares acquired from equity awards.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

GMR Solutions Inc. (GMRS) has a notice of proposed sale under Rule 144 filed on behalf of director and officer Nicola Loporcaro for Class A common stock. The notice covers up to 1,457,102 shares to be sold through Goldman Sachs & Co. LLC on or after September 14, 2026, on the NYSE, with an aggregate market value of $19,321,172.52 at the time of the notice.

The shares are described as being acquired upon settlement of restricted stock units and performance-based restricted stock units that were granted on July 26, 2024. The issuer listed is GMR Solutions Inc., and no additional sales in the past three months are shown in this notice.

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Shares covered by Rule 144 notice 1,457,102 shares Class A common stock of GMR Solutions Inc. for potential sale on or after September 14, 2026
Aggregate market value of shares $19,321,172.52 Value associated with the 1,457,102 shares covered by the Rule 144 notice
Grant date of equity awards July 26, 2024 Date restricted stock units and performance-based restricted stock units were granted
Proposed sale date September 14, 2026 Date associated with the potential sale of Class A common stock under Rule 144
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 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.

FAQ

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

What does GMR Solutions Inc. (GMRS) disclose in this Form 144 filing?

The filing states that Nicola Loporcaro, a director and officer of GMR Solutions Inc., has filed a Rule 144 notice covering a potential sale of 1,457,102 shares of Class A common stock, to be sold through Goldman Sachs & Co. LLC on or after September 14, 2026.

How many GMRS shares are covered by the planned Rule 144 sale?

The notice covers up to 1,457,102 shares of GMR Solutions Inc. Class A common stock, with an indicated aggregate market value of $19,321,172.52 at the time of the filing.

How were the GMRS shares in this Form 144 acquired?

The shares are described as being acquired upon settlement of restricted stock units and performance-based restricted stock units that were granted on July 26, 2024. The issuer listed is GMR Solutions Inc.

When may the GMRS shares in this Form 144 be sold?

The Form 144 identifies September 14, 2026 in connection with the potential sale of the 1,457,102 shares of Class A common stock under Rule 144.

Which broker is named for the potential GMRS share sale under Rule 144?

The planned Rule 144 sale of GMR Solutions Inc. Class A common stock lists Goldman Sachs & Co. LLC as the broker, with trading indicated on the NYSE.

Does the Form 144 show other recent GMRS share sales by this person?

The section for Securities Sold During The Past 3 Months does not list additional sales for this account in this notice.

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

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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

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