108,600-share planned sale filed for NASDAQ issuer (GTLB)
Rhea-AI Filing Summary
A person associated with the issuer of NASDAQ-listed common stock has filed a notice to sell 108,600 common shares through Morgan Stanley Smith Barney, with an aggregate market value of $3,209,130.00. The filing notes 149,800,000 common shares outstanding at the issuer.
The 108,600 shares to be sold were acquired on August 28, 2015 as founders shares directly from the issuer. In the past three months, the SYTSE SIJBRANDIJ REVOCABLE TRUST conducted two Rule 10b5-1 sales of 54,300 common shares each, for gross proceeds of $1,952,378.22 and $2,114,773.23.
Positive
- None.
Negative
- None.
Insights
Planned founder-related sale is small versus shares outstanding and pre-arranged.
The filing describes a planned sale of 108,600 common shares against 149,800,000 shares outstanding, indicating a relatively small transaction compared with the issuer’s equity base. The shares are identified as founders shares acquired in
The disclosure also lists recent Rule 10b5-1 sales by the SYTSE SIJBRANDIJ REVOCABLE TRUST, totaling 108,600 shares over two transactions. Rule 10b5-1 plans are designed to structure trades in advance, and the representation language emphasizes that the seller states they are not aware of undisclosed material adverse information.