MGM insider notice — 60,000 common shares to be sold for $2.17M
Rhea-AI Filing Summary
Form 144 Notice: This filing notifies a proposed sale of 60,000 shares of common stock through Merrill (1800 K St NW, Washington DC) on or about 09/15/2025 with an aggregate market value of $2,167,159.81. The filing lists total shares outstanding as 272,191,042. The securities to be sold were acquired under the issuer's stock plan on multiple dates from 10/29/2021 through 04/01/2024, with individual lot sizes shown in the table. The filer reports "Nothing to Report" for securities sold in the past three months. The notice includes the standard representation that the seller does not possess undisclosed material adverse information.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine Rule 144 notice for a planned sale of 60,000 common shares; disclosure appears complete and standard.
The filing shows a proposed brokered sale through Merrill of 60,000 common shares with an aggregate market value of $2,167,159.81, and lists cumulative grant/acquisition lots from the issuer stock plan between 2021 and 2024. The filer states no sales in the prior three months and affirms no undisclosed material adverse information. For investors, the filing is procedural disclosure of an intended insider or affiliate sale under Rule 144 rather than an operational update.
TL;DR: Compliance-focused disclosure; the Form 144 documents planned disposition and standard attestation by the seller.
The document meets Rule 144 reporting elements: issuer and broker identification, class and quantity of shares to be sold, aggregate market value, outstanding shares, and acquisition history showing these shares originated from the issuer's stock plan. The remarks include the required seller representation regarding material information and the criminal-penalty notice. Impact on governance or control appears neutral based on the information provided.