Lifetime Brands (NASDAQ: LCUT) investor to sell 2,571 shares
Rhea-AI Filing Summary
LIFETIME BRANDS, INC. (LCUT) is named as the issuer in a notice by Jeffrey Siegel indicating an intention to sell common stock under Rule 144. The notice covers 2,571 shares of common stock, with an aggregate market value of $24,451.94, to be sold through Morgan Stanley Smith Barney LLC, with the securities listed on NASDAQ. The notice states that there were 22,988,836 shares of common stock outstanding. It also lists that Siegel previously acquired 586 shares via an open market purchase on February 2, 2010, and 1,985 shares through restricted stock vesting under a registered plan on December 31, 2020.
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Key Figures
Shares to be sold: 2,571 shares of common stock
Aggregate market value: $24,451.94
Shares outstanding: 22,988,836 shares
+2 more
5 metrics
Shares to be sold
2,571 shares of common stock
Shares of LIFETIME BRANDS, INC. covered by the Rule 144 notice
Aggregate market value
$24,451.94
Aggregate market value of the 2,571 LCUT shares to be sold
Shares outstanding
22,988,836 shares
Shares of LIFETIME BRANDS, INC. common stock stated as outstanding
Open market purchase
586 shares
Shares acquired by Jeffrey Siegel via open market purchase on 02/02/2010
Restricted stock vesting
1,985 shares
Shares acquired through restricted stock vesting under a registered plan on 12/31/2020
Key Terms
Rule 144, Open Market Purchase, Restricted Stock Vesting Under a Registered Plan
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Open Market Purchase financial
"Common | 02/02/2010 | Open Market Purchase | Open market"
An open market purchase is when a company buys its own shares on public stock exchanges the same way any investor would, rather than through a private deal. Investors care because these purchases reduce the number of shares available, can boost earnings per share and share price, signal that management thinks the stock is undervalued, and use company cash that might otherwise go to reinvestment or dividends — like a business quietly buying back its own tickets at the box office.
Restricted Stock Vesting Under a Registered Plan financial
"Common | 12/31/2020 | Restricted Stock Vesting Under a Registered Plan"
FAQ
Who is selling LCUT stock according to this Form 144?
The person for whose account the securities are to be sold is Jeffrey Siegel. The notice relates to his planned sale of 2,571 shares of LIFETIME BRANDS, INC. common stock under Rule 144.
AI-generated analysis. How Rhea-AI works. Not financial advice.