NYSE company (L) files Form 144 for 200,000-share planned sale

Rhea-AI Filing Summary

A shareholder of the issuer’s common stock, par value $0.01 per share, filed a Form 144 notice indicating a planned sale of up to 200,000 shares through broker Watermill Institutional Trading, LLC on the NYSE, with an indicated aggregate market value of $21,574,000. The notice states that 206,659,567 shares of this class were outstanding at the time referenced. The securities to be sold were contributed to a trust in three transactions dated December 19, 2023 (100,000 shares), May 23, 2024 (50,000 shares), and December 6, 2024 (50,000 shares), each shown as trust contributions with payment made on the respective acquisition dates.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock, par value $0.01 per share	Watermill Institutional Trading, LLC 111 Town Square Place Suite 1520 Jersey City NJ 07310	200000	21574000.00	206659567	12/01/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock, par value $0.01 per share	12/19/2023	Trust Contribution	See Remarks (1)			100000	12/19/2023	N/A
Common Stock, par value $0.01 per share	05/23/2024	Trust Contribution	See Remarks (1)			50000	05/23/2024	N/A
Common Stock, par value $0.01 per share	12/06/2024	Trust Contribution	See Remarks (1)			50000	12/06/2024	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does this Form 144 filing for ticker L disclose?

The Form 144 notice for ticker L discloses that a holder of the issuer’s common stock may sell up to 200,000 shares on the NYSE through broker Watermill Institutional Trading, LLC, with an indicated aggregate market value of $21,574,000.

How large is the potential Form 144 sale for L compared to shares outstanding?

The notice covers a potential sale of 200,000 shares of common stock. The same class of stock is shown as having 206,659,567 shares outstanding, providing a baseline for the size of the potential sale.

When were the L shares in this Form 144 acquired and in what transactions?

The securities were acquired as trust contributions on three dates: December 19, 2023 for 100,000 shares, May 23, 2024 for 50,000 shares, and December 6, 2024 for 50,000 shares, with payment dates matching each acquisition date.

Which broker and exchange are listed for the planned L share sale?

The Form 144 names Watermill Institutional Trading, LLC as the broker, with the potential sale of the issuer’s common stock to take place on the NYSE.

What representation does the seller make in this Form 144 for L?

The person for whose account the securities are to be sold represents by signing the notice that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.