KNX (NYSE: KNX) holder files Form 144 to sell 35,000 shares
Rhea-AI Filing Summary
A holder of KNX common stock filed a notice on Form 144 to sell shares under Rule 144. The filing covers a proposed sale of 35,000 shares of common stock through J.P. Morgan Securities LLC, with an indicated aggregate market value of $1,785,350. The table also notes that 162,339,000 shares of this class were outstanding and lists an approximate sale date of 12/09/2025 on the NYSE.
The seller reports that 22,987 shares were acquired on 08/20/2025 via transfer from Kevin Knight, who originally received those shares from the issuer on 01/31/2025 as compensation, and another 12,013 founder shares were acquired from the issuer on 10/24/1994. By signing the notice, the seller represents that they are not aware of any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed and acknowledges that intentional misstatements can constitute federal criminal violations.
Positive
- None.
Negative
- None.
FAQ
What does the KNX Form 144 filing disclose?
The Form 144 filing for KNX discloses a planned sale of 35,000 shares of common stock under Rule 144. The sale is to be executed through J.P. Morgan Securities LLC on the NYSE, with an indicated aggregate market value of $1,785,350 and an approximate sale date of 12/09/2025.
How many KNX shares are outstanding according to the Form 144?
The Form 144 indicates that there are 162,339,000 shares of the relevant class of KNX common stock outstanding at the time of the notice. This figure provides context for the size of the planned 35,000-share sale.
How were the KNX shares being sold acquired by the holder?
The filing shows two acquisition entries. 22,987 shares of KNX common stock were acquired on 08/20/2025 via transfer from Kevin Knight, who originally acquired those shares from the issuer on 01/31/2025 as compensation. Another 12,013 founder shares were acquired directly from the issuer on 10/24/1994.
Who is the broker for the KNX Rule 144 sale and on which exchange will it occur?
The proposed Rule 144 sale of 35,000 KNX common shares will be handled by J.P. Morgan Securities LLC, located at 270 Park Avenue, 10th Floor, New York, NY 10017. The filing lists the NYSE as the securities exchange for the transaction.
What representations does the selling holder make in the KNX Form 144?
By signing the notice, the person for whose account the securities are to be sold represents that they do not know of any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed. The form also highlights that intentional misstatements or omissions of facts can constitute federal criminal violations under 18 U.S.C. 1001.
Does the KNX Form 144 mention recent sales by the same holder?
The Form 144 includes a section requesting information on all securities of the issuer sold during the past three months by the person for whose account the securities are to be sold. The provided excerpt shows this section heading but does not include populated data rows in that part.