Holder plans Rule 144 sale of LITE (LITE) restricted common shares
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
An affiliate of LITE filed a notice of proposed sale under Rule 144 for 2,705 shares of common stock through Morgan Stanley Smith Barney LLC on NASDAQ. The filing lists an aggregate market value of $1,599,196.00 for these shares and notes 71,400,000 common shares outstanding in the same class.
The shares to be sold were acquired as restricted stock from the issuer, including 1,755 shares dated February 15, 2026 and 950 shares dated January 15, 2026, with payment described as not applicable, consistent with equity awards.
Positive
- None.
Negative
- None.
FAQ
What type of LITE securities are covered in this Form 144?
The notice covers common stock of LITE. It identifies the securities as common shares to be sold on NASDAQ, with 2,705 shares listed and a stated aggregate market value of $1,599,196.00 for this proposed transaction.
What representation does the seller make in LITE's Form 144 notice?
The seller represents that they do not know any material adverse nonpublic information about the issuer’s current or prospective operations. This representation is made when signing the notice and is highlighted as important in the filing’s attention language.