IOT (NYSE) Form 144 shows Andreessen Horowitz funds list 4.51M shares
Rhea-AI Filing Summary
IOT filing a Form 144 notice for proposed sale of Class A Common shares by affiliated holders. The excerpt lists 4,512,974 Class A Common shares received in pro‑rata distributions, and identifies Andreessen Horowitz funds/entities as sellers. Transaction dates and broker details are included.
Positive
- None.
Negative
- None.
Insights
Form 144 notifies the market of an affiliate's intent to sell registered shares.
Form 144 is a regulatory notice required when affiliates propose an over‑the‑counter or exchange sale of restricted or control securities. The excerpt shows the security class, a broker reference, seller identity, and specific share counts and dates.
Timing and exact sale mechanics are not stated; subsequent trade reports or filings will show whether and when the proposed sales occurred.