GXLM insider Form 144 plans 1,200-share sale on OTCQX
Rhea-AI Filing Summary
GXLM: A Form 144 notice discloses an intent to sell 1,200 shares of common stock, with an aggregate market value of $34,760.04. The planned sale is listed with Canaccord Genuity Corp as broker on the OTCQX, with an approximate sale date of 10/29/2025.
The filer reports the shares were acquired on 09/22/2020 in a privately negotiated transaction, purchased from the issuer for cash. As context, shares outstanding were 1,389,200.
The notice also lists recent sales by the same selling account over the past three months, including 1,175 shares on 07/30/2025 for $38,459.28 and 1,075 shares on 08/05/2025 for $33,002.50, plus multiple additional trades on 07/29/2025, 08/01/2025, 08/04/2025, 07/31/2025, 10/27/2025, and 10/28/2025.
Positive
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Negative
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Insights
Routine Form 144 sale; proceeds go to the seller.
This filing lists an intended Rule 144 sale of 1,200 common shares with an $34,760.04 aggregate market value, via Canaccord Genuity Corp on OTCQX. The shares were acquired on 09/22/2020 in a privately negotiated purchase from the issuer for cash.
Form 144 disclosures are administrative and indicate potential sales by the holder; they do not raise capital for the company. The document also enumerates several sales in the last three months with specific trade sizes and proceeds, showing ongoing selling activity by the same account.
Key items to note are the approximate sale date of 10/29/2025 and the 1,389,200 shares outstanding as a baseline figure. Actual market impact depends on execution details and holder decisions disclosed here.