973,502-share sale planned by LTH (NYSE: LTH) via Morgan Stanley broker
Rhea-AI Filing Summary
LTH reported an intended sale of 973,502 shares of Common Stock via a Form 144 notice. The shares were acquired on 10/12/2021 either from the issuer or upon automatic conversion of Preferred Stock, and the filing references $2,662,949.94 and a numeric identifier 222,602,738.
The sale is listed with Morgan Stanley & Co. LLC as broker and references the NYSE with a filing date entry of 05/07/2026.
Positive
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Negative
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Insights
Form 144 notifies the market of a planned resale by an affiliate or control person.
Form 144 is a regulatory notice required when certain insiders or affiliates propose to sell restricted or control securities in reliance on Rule 144. The filing lists 973,502 shares and shows a broker, which is standard procedural detail for resales.
Because this is a notice of proposed sale rather than a completed sale, actual market impact depends on whether and when the shares are sold; subsequent filings (Form 4 or sales reported by the broker) would confirm execution.
The notice ties the shares to earlier acquisition/automatic conversion on 10/12/2021.
The filing explicitly states the shares were acquired on 10/12/2021 either directly from the issuer or via automatic conversion of Preferred Stock, which affects Rule 144 holding-period considerations. The broker is named as Morgan Stanley & Co. LLC.
Timing and proceeds treatment are not detailed here; execution and any price information would appear in subsequent transaction reports.