iClick Interactive Founder to Sell Half-Million Shares in Nasdaq Exit
Rhea-AI Filing Summary
Form 144 Notice of Proposed Sale filed by Amber International Holding (NASDAQ: ICLK) discloses Director Wing Hong Sammy Hsieh's intent to sell 504,822 American Depositary Shares (ADS) with an aggregate market value of $5,643,909.96 through Citigroup Global Markets.
Key details of the proposed sale:
- Shares represent founder's equity and follow-on offering shares acquired on December 31, 2020
- Sale represents approximately 1.07% of total outstanding shares (47,390,657 shares)
- Planned execution date: June 27, 2025
- Trading venue: Nasdaq Global Market
The filing confirms the securities are more than one year old and the sale volume complies with the previous 4-weeks trading volume requirements. The seller has declared no knowledge of undisclosed material adverse information regarding the issuer's operations.
Positive
- None.
Negative
- Director Wing Hong Sammy Hsieh plans to sell 504,822 ADS shares worth approximately $5.64M, representing about 1.07% of total shares outstanding
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FAQ
Where and when does ICLK Director Sammy Hsieh plan to execute the stock sale?
According to the filing, the shares will be sold on the Nasdaq Global Market with an approximate sale date of June 27, 2025, through broker Citigroup Global Markets Inc., located at 388 Greenwich Street, New York.