LSB Industries (NYSE: LXU) insider files Form 144 to sell 25,657 shares
Rhea-AI Filing Summary
LSB Industries (symbol LXU) filed a notice of proposed insider share sales under Rule 144. A holder plans to sell 25,657 shares of common stock through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $246,563.77 based on the figures provided. The shares were originally acquired as founder shares on 11/02/2011 directly from the issuer. The company had 71,944,499 shares of common stock outstanding at the time referenced, which shows the planned sale is small relative to the total share count.
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FAQ
What does the Form 144 filing for LXU disclose?
The Form 144 discloses that an insider or affiliated holder of LSB Industries (LXU) intends to sell 25,657 shares of common stock on the open market under Rule 144.
How many LSB Industries (LXU) shares are proposed to be sold and what is their value?
The notice states that 25,657 common shares are proposed to be sold, with an aggregate market value of $246,563.77 based on the information provided.
What is the total number of LSB Industries (LXU) shares outstanding in this filing?
The filing reports that 71,944,499 common shares of LSB Industries were outstanding as of the date referenced in the form.
When and how were the LSB Industries (LXU) shares being sold originally acquired?
The shares being sold were acquired on 11/02/2011 as founder shares from the issuer, with 25,657 securities acquired on that date.
Which broker is handling the planned sale of LXU shares and on which exchange?
The planned sale of 25,657 LXU common shares is listed with Morgan Stanley Smith Barney LLC Executive Financial Services as broker, with sales to occur on the NYSE.
What representation does the selling person make in the LXU Form 144?
By signing the notice, the selling person represents that they do not know any material adverse information about LSB Industries' current or prospective operations that has not been publicly disclosed.