Gray Media (GTN) insider files Form 144 to sell 20,000 shares
Rhea-AI Filing Summary
Gray Media, Inc. (GTN) notice reports a proposed sale of 20,000 common shares through Charles Schwab (3000 Schwab Way, Westlake TX) with an aggregate market value of $123,600. The filing lists total shares outstanding as 92,500,245 and an approximate sale date of 09/08/2025 on the NYSE. The securities were acquired on 12/14/2012 via stock grants, dividend reinvestment and open-market purchases totaling 38,331 shares, with payment described as equity compensation. No securities were reported sold in the prior three months. The signer affirms they are unaware of undisclosed material adverse information and references Rule 10b5-1 plan representation if applicable.
Positive
- Proposed sale disclosed under Rule 144 with broker and market value specified
- Acquisition history provided: securities acquired 12/14/2012 via grants, DRIP and open-market purchases
- No sales in prior three months reported, indicating this is not part of a recent selling pattern
- Attestation included that filer does not possess undisclosed material adverse information
Negative
- None.
Insights
TL;DR: Routine Section 144 notice for an insider/affiliate sale; size is modest relative to outstanding shares.
The filing documents a proposed resale notice under Rule 144 for 20,000 common shares valued at $123,600, representing a small fraction of the 92.5 million shares outstanding. The holdings being sold were acquired in 2012 through grants, DRIP and open-market purchases, indicating a long-held position. There are no reported sales in the prior three months, and the filer affirms absence of undisclosed material information. This appears procedural and not immediately material to company valuation.
TL;DR: Filing complies with Rule 144 disclosure norms; includes required attestation about material nonpublic information.
The notice includes standard confirmations regarding knowledge of material adverse information and mentions the potential existence of a Rule 10b5-1 trading plan. Acquisition details and the broker are disclosed, supporting transparency for insider sales. As a standalone disclosure it raises no governance red flags but provides necessary market transparency for an affiliate sale.