STOCK TITAN

MGTX (MGTX) affiliate files to sell 56,000 ordinary shares via Form 144

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

An affiliate of MGTX has filed to potentially sell up to 56,000 ordinary shares through Merrill Lynch on the NASDAQ market, with an aggregate market value of $700,560, based on a share balance of 92,609,516 ordinary shares outstanding. The shares proposed for sale arise from Incentive Compensation Stock Grants dated September 7, 2018 (1,569 shares) and December 7, 2018 (54,431 shares), and are listed for a proposed sale date of July 21, 2026.

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Shares to be sold 56,000 ordinary shares Proposed sale under Form 144
Aggregate market value $700,560 Value of 56,000 ordinary shares proposed for sale
Shares outstanding 92,609,516 ordinary shares Ordinary shares outstanding cited in the Form 144
Grant from 09/07/2018 1,569 ordinary shares Incentive Compensation Stock Grant from issuer
Grant from 12/07/2018 54,431 ordinary shares Incentive Compensation Stock Grant from issuer
Proposed sale date 07/21/2026 Date for proposed sale of 56,000 ordinary shares
Form 144 regulatory
"Form 144: Filer Information and securities to be sold"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Ordinary Shares financial
"144: Securities Information Ordinary Shares | Merrill Lynch"
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
aggregate market value financial
"| 56000 | 700560 | 92609516 | 07/21/2026 | NASDAQ"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
Incentive Compensation Stock Grant financial
"Ordinary Shares | 09/07/2018 | Incentive Compensation Stock Grant"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What does the Form 144 filing by MGTX indicate?

The Form 144 indicates an affiliate of MGTX may sell up to 56,000 ordinary shares through Merrill Lynch on NASDAQ. The filing reflects an aggregate market value of $700,560 for these proposed sales.

How many MGTX shares are covered by this Form 144?

The filing covers a proposed sale of 56,000 ordinary shares of MGTX. These shares are linked to Incentive Compensation Stock Grants originally granted in 2018 and are listed for potential sale on NASDAQ.

What is the aggregate market value of the MGTX shares to be sold?

The aggregate market value of the 56,000 ordinary shares covered by this Form 144 is $700,560. This value is used for disclosure purposes in connection with the proposed sale via Merrill Lynch on NASDAQ.

How many MGTX shares are outstanding according to the Form 144?

According to the filing, there are 92,609,516 ordinary shares outstanding. This figure provides context for the 56,000 shares proposed to be sold under the Form 144 notice.

What is the source of the MGTX shares proposed for sale?

The proposed 56,000 ordinary shares come from Incentive Compensation Stock Grants dated September 7, 2018 (1,569 shares) and December 7, 2018 (54,431 shares). The issuer is listed as the grantor of these awards.

When is the proposed sale date for the MGTX shares in this Form 144?

The proposed sale date for the 56,000 ordinary shares is July 21, 2026. The shares are expected to be sold through Merrill Lynch on the NASDAQ market, subject to applicable rules.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature