Monarch Casino (MCRI) Insider Notice: 3,023 Shares to Be Sold on NASDAQ
Rhea-AI Filing Summary
Monarch Casino & Resort, Inc. (MCRI) Notice reports a proposed sale of 3,023 common shares through Wells Fargo Clearing Services on NASDAQ with an aggregate market value of $311,691.79. The shares were acquired as compensation on 01/01/2020. The filing shows 18,267,451 shares outstanding, so the proposed sale represents approximately 0.0166% of outstanding shares. The filing also discloses a recent sale by John and Catherine Farahi Family Foundation of 2,000 shares on 07/22/2025 for gross proceeds of $209,011.36. The filer attests there is no undisclosed material adverse information and follows Rule 144 procedures.
Positive
- Compliance with Rule 144: The notice supplies required broker, share count, acquisition details and prior three-month sales information.
- Insider transparency: Filer attests there is no undisclosed material adverse information, providing investor-relevant assurance.
Negative
- None.
Insights
TL;DR: Small insider sale; immaterial to market capitalization but worth noting for insider liquidity.
The proposed disposition of 3,023 common shares valued at $311,691.79 is negligible relative to 18,267,451 shares outstanding (about 0.0166%). From a market-impact perspective this is immaterial and unlikely to affect the stock price. The shares were acquired as compensation in 2020, consistent with routine insider compensation liquidation. The recent sale of 2,000 shares by the related foundation for $209,011.36 confirms limited, incremental insider liquidity activity.
TL;DR: Filing appears procedurally compliant; representation about absence of material nonpublic info is notable.
The Form 144 provides required transaction details: broker, share count, acquisition date and nature, and prior sales in the three-month lookback. The signer represents no material undisclosed information exists and references Rule 10b5-1 planning if applicable, but no trading plan date is provided in the content. On procedural grounds the notice meets Rule 144 disclosure elements shown.