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GXLM (OTCQX: GXLM) insider plans Rule 144 sale of 1,988 shares

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

Rhea-AI Filing Summary

An affiliate of GXLM plans to sell 1,988 common shares through broker Capital Institutional Services, Inc. on or about 02/05/2026 on the OTCQX market, under Rule 144. The filing notes 1,389,200 common shares outstanding as a baseline figure.

The seller acquired 4,474 common shares in a privately negotiated transaction directly from the issuer on 05/18/2024, paying in USD on the same date. The signer represents they are not aware of undisclosed material adverse information about the issuer’s current or prospective operations.

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

How many GXLM common shares are planned for sale under Rule 144?

The notice covers a planned sale of 1,988 GXLM common shares. These shares are to be sold through Capital Institutional Services, Inc. on or about 02/05/2026 on the OTCQX market, under the provisions of SEC Rule 144.

What is the aggregate market value of the GXLM shares to be sold?

The planned sale of 1,988 GXLM common shares has an aggregate market value of 29,323.00. This figure reflects the total market value of the securities covered by the notice at the time the form was prepared.

How many GXLM common shares are outstanding according to this notice?

The notice states that 1,389,200 GXLM common shares are outstanding. This number provides context for the planned Rule 144 sale amount, indicating the overall size of the company’s common equity relative to the 1,988 shares planned for sale.

When and how were the GXLM shares being sold under Rule 144 acquired?

The seller acquired 4,474 GXLM common shares on 05/18/2024 in a privately negotiated transaction directly from the issuer. Payment was made in USD on the same date, according to the acquisition information disclosed in the notice.

On which market will the GXLM Rule 144 shares be sold?

The notice indicates that the 1,988 GXLM common shares covered by the Rule 144 filing are planned to be sold on the OTCQX market. Capital Institutional Services, Inc. is listed as the broker handling the transaction.

What representation does the GXLM seller make about insider information?

By signing the notice, the seller represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed, consistent with the form’s Rule 144 and Rule 10b5-1 related attestations.