Insider at Company (NASDAQ: IONS) plans 85,089-share stock sale
Rhea-AI Filing Summary
A holder of common stock has filed a Form 144 notice to sell 85,089 shares through Stifel Nicolaus & Company on the Nasdaq market. The filing lists an aggregate market value of $7,056,227 for this planned sale, with 161,974,393 shares outstanding for the issuer.
The seller, identified as Frank Bennett, acquired 65,089 shares via an option exercise dated 01/03/2022 and 20,000 shares through restricted stock units dated 01/15/2017. In the past three months, he has already sold 5,885 and 8,977 shares of common stock for gross proceeds of $487,898 and $684,264, respectively.
Positive
- None.
Negative
- None.
Insights
Form 144 pre-discloses a sizable insider share sale but within a routine regulatory framework.
The notice shows Frank Bennett planning to sell 85,089 shares of common stock through Stifel Nicolaus & Company on Nasdaq, with an aggregate market value of
Shares to be sold were acquired via a stock option exercise dated
Because this is a disclosure of intended sales under Rule 144, it functions as transparency into potential insider selling activity rather than a change in the company’s operations. Actual impact depends on market conditions and execution of these planned trades.