[144] SUI Group Holdings Ltd. SEC Filing
SUI Group Holdings Ltd. (MCVT) filed a Form 144 reporting a proposed sale of 99,402 shares of common stock through broker Alexander Capital L.P. on Nasdaq with an aggregate market value of $738,492.40. The filing shows total shares outstanding of 82,148,429. The securities to be sold were originally acquired on 08/11/2022 in a company issuance from Mill City (200,000 shares issued, paid in cash). The filer also disclosed four sales by Lyle Berman in the prior three months totaling 99,402 shares sold across four dates with combined gross proceeds shown by date: $45,2049.00, $16,090.00, $38,428.00, and $231,923.00 as reported. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.
- Disclosure completeness: Filing provides acquisition date, nature (company issuance), payment method (cash), broker, and proposed sale details.
- Transaction scale transparency: Lists aggregate market value ($738,492.40) and shares outstanding (82,148,429), allowing assessment of relative size.
- No explanation for the reason behind the proposed sale or the sellers relationship to the issuer beyond generic fields.
- Timing ambiguity: The filing lists past sales including a date (09/02/2025) that post-dates the approximate sale date in the file, but provides no context or sequence explanation.
Insights
TL;DR Routine Rule 144 notice for an insider or affiliate sale of 99,402 shares, representing a small fraction of outstanding stock.
This Form 144 documents a proposed sale executed through a broker on Nasdaq with an aggregate market value of $738,492.40 against 82,148,429 shares outstanding, indicating the transaction is modest relative to the companys share base. The securities were acquired in a company issuance on 08/11/2022 and paid in cash, which clarifies cost basis origin disclosed in the filing. The filing also lists multiple recent sales by the same named seller, providing a near-term sale history which investors can match to trading activity. There are no earnings, financing, or operational disclosures in this form; it solely reports a planned disposition under Rule 144.
TL;DR Disclosure aligns with Rule 144 requirements; provides useful transparency on insider-affiliate liquidity events but no operational implications.
The submission contains the required seller representations, acquisition details (company issuance on 08/11/2022, 200,000 shares), and broker information (Alexander Capital L.P.). It also lists recent sales by Lyle Berman with dates and gross proceeds, which helps trace insider selling patterns. The filing does not include any statements about material non-public information beyond the sellers attestation. From a governance perspective, the form meets procedural disclosure expectations but does not provide context on the reason for the sales or any change in insider status.