Insider-related holder at LXU (NYSE: LXU) files to sell 50,154 shares under Rule 144
Rhea-AI Filing Summary
LXU Resources’ insider-affiliated holder has filed a notice to sell up to 50,154 shares of common stock under Rule 144. The filing lists Morgan Stanley Smith Barney LLC as broker, with an aggregate market value of $483,484.56 for the planned sale and notes that 71,944,499 common shares were outstanding. The shares to be sold are described as founder shares originally acquired on 12/31/1992.
The notice also details recent Rule 10b5-1 plan sales over the past three months by related entities, including a family LLC and several family trusts, covering multiple transactions in common stock with disclosed gross proceeds for each sale. The signer represents that they are not aware of any undisclosed material adverse information about the issuer’s current or prospective operations.
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FAQ
What does the LXU Form 144 filing disclose?
The Form 144 filing for LXU discloses the intent of an insider-affiliated holder to sell up to 50,154 shares of common stock under Rule 144, with an aggregate market value of $483,484.56, through Morgan Stanley Smith Barney LLC on the NYSE.
How many LXU shares are currently outstanding according to this notice?
The notice states that 71,944,499 shares of LXU common stock were outstanding when the Form 144 was prepared. This figure provides context for the planned 50,154-share sale.
What is the origin of the LXU shares planned for sale in this Form 144?
The shares planned for sale are identified as founder shares of common stock that were originally acquired from the issuer on 12/31/1992, with 50,154 shares shown as the amount acquired and now subject to the planned sale.
Which broker and exchange are involved in the LXU Form 144 sale?
The filing lists Morgan Stanley Smith Barney LLC Executive Financial Services as the broker for the planned sale of LXU common stock, and identifies the trading venue as the NYSE.
What recent LXU stock sales are described in the past 3 months section?
The document lists multiple Rule 10b5-1 sales of LXU common stock over the prior three months by a family LLC and several family trusts, each with specific trade dates, share amounts, and gross proceeds such as 56,744 shares sold for $516,234.21 and 87,772 shares sold for $809,898.58.
What representation does the seller make in the LXU Form 144?
The person for whose account the securities are to be sold represents that they do not know of any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed, and this representation also applies as of the date of any referenced Rule 10b5-1 trading plan adoption.