[144] Disc Medicine, Inc. SEC Filing
Rhea-AI Filing Summary
Disc Medicine, Inc. (IRON) submitted a Form 144 proposing the sale of 7,212 shares of Common Stock through Merrill Lynch, with an aggregate market value of $440,653.20. The filing lists 34,765,581 shares outstanding and an approximate sale date of 08/14/2025 on Nasdaq. The shares were originally acquired in a private placement on 05/01/2020 from the issuer and paid in cash. The filer reports no securities sold in the past three months and includes the standard representation about no undisclosed material information and compliance with Rule 10b5-1 if applicable.
Positive
- Full Rule 144 disclosure: The filing provides broker details, share counts, acquisition date, payment method, and sale date, supporting regulatory transparency.
- Clear acquisition history: The securities were acquired via private placement on 05/01/2020 and paid in cash, explicitly disclosed in the form.
Negative
- Insider sale proposed: The notice indicates a planned disposition of common stock by an insider or affiliate, which investors may view negatively.
- Market impact risk: Although small in absolute terms, the sale increases share supply and could have localized price effects around the sale date.
Insights
TL;DR: Small proposed sale filed under Rule 144; limited market impact given size relative to outstanding shares.
The filer proposes to sell 7,212 common shares valued at $440,653.20, with 34,765,581 shares outstanding and the sale routed through Merrill Lynch on Nasdaq. The shares were acquired in a private placement on 05/01/2020 and paid in cash. Because no sales were reported in the last three months, this filing appears to disclose a planned disposition rather than an ongoing selling program. Based solely on the filing, the transaction's absolute size is modest relative to total outstanding shares.
TL;DR: Form 144 appears to meet Rule 144 disclosure requirements; includes required representations and transaction details.
The notice identifies the broker, class of security, acquisition date and nature (private placement), payment method (cash), and an approximate sale date of 08/14/2025. It also includes the signature representations about material nonpublic information and references Rule 10b5-1 when applicable. From a compliance perspective, the filing supplies the core elements regulators expect in a Form 144 submission.