LOCL Form 144 details 497-share Rule 144 sale and prior trades
Rhea-AI Filing Summary
LOCL reported a planned sale of restricted stock under Rule 144. A holder intends to sell 497 shares of common stock through Morgan Stanley Smith Barney LLC on the NYSE, with an indicated aggregate market value of $1,146.73. The filing notes that 22,271,082 common shares were outstanding at the time of the notice.
The 497 shares to be sold were originally acquired on 12/28/2022 as a gift from affiliate Wheat Wind Farms LLC. The notice also lists prior sales over the past three months by KEBS TRUST, which has sold multiple small blocks of LOCL common stock on various dates, each with reported gross proceeds. By signing the notice, the selling holder represents that they are not aware of undisclosed material adverse information about the issuer’s current or prospective operations.
Positive
- None.
Negative
- None.
FAQ
What does the LOCL Form 144 filing report?
How many LOCL shares are planned to be sold and what is their market value?
How many LOCL common shares were outstanding at the time of the Form 144 notice?
How and when were the LOCL shares being sold originally acquired?
What prior LOCL stock sales are disclosed in the past three months?
What representation does the seller make in the LOCL Form 144?