[144] LifeMD, Inc. 8.875% Series A Cumulative Perpetual Preferred Stock SEC Filing
Form 144 notice for proposed sale of securities. The filer intends to sell 75,000 common shares of the issuer through Charles Schwab (3000 Schwab Way, Westlake, TX) on 09/10/2025 on NASDAQ, with an aggregate market value of $459,000. The issuer has 47,417,393 shares outstanding. The 75,000 shares were acquired by RSU vesting from the issuer on 03/01/2025. No securities were sold by the selling person during the past three months. The notice includes the seller's representation that they possess no undisclosed material adverse information.
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Insights
TL;DR: Routine insider sale paperwork documenting RSU vesting and a scheduled market sale of 75,000 shares.
The filing is a standard Form 144 showing an insider or related person selling shares that were recently acquired via RSU vesting. The planned sale size (75,000 shares, $459,000) represents approximately 0.16% of the reported 47.4 million shares outstanding, so the transaction is unlikely to be materially dilutive or to by itself shift market valuation. The record that there were no sales in the prior three months and that acquisition occurred by RSU vesting are consistent with routine compensation monetization rather than an accelerated divestiture.
TL;DR: Filing appears procedurally complete for Rule 144 disclosure; includes required representations.
The notice contains the core Rule 144 elements: class of securities, broker details, amount, market value, outstanding shares, acquisition method and date, and an explicit representation regarding material nonpublic information. The absence of prior sales in the last 3 months simplifies aggregation rules. There is no indication in this document of a 10b5-1 trading plan adoption date; if applicable, that detail is not provided here.