MGX insider files Form 144 to sell 35,832 shares via Merrill Lynch
Rhea-AI Filing Summary
Metagenomi, Inc. filed a Form 144 notifying a proposed sale of 35,832 common shares through Merrill Lynch on 09/11/2025 on the NASDAQ, with an aggregate market value of $68,080.80. The filing shows the shares were acquired as stock awards from Sarah Noonberg: 26,631 shares on 01/30/2003 and 9,201 shares on 06/05/2025, with payment listed as cash. The issuer has 37,533,136 shares outstanding. The filer reports no sales of the issuer's securities in the past three months and includes the standard signer representation that no undisclosed material adverse information exists.
Positive
- Complete disclosure of number of shares, acquisition dates, broker, and aggregate market value
- No reported sales in the past three months, indicating this is a discrete, scheduled sale
- Securities provenance listed (stock awards from Sarah Noonberg) and payment method (cash) are specified
Negative
- None.
Insights
TL;DR: Routine Rule 144 notice for an insider stock award sale; disclosure is specific with acquisition dates and broker details.
The filing documents a proposed sale of 35,832 common shares via Merrill Lynch with clear acquisition history and cash payment notation. The inclusion of the number of shares outstanding (37,533,136) allows investors to gauge the sale's relative size (approximately 0.095% of outstanding shares). The filing also states no sales in the past three months, which supports the view that this is a scheduled disposition rather than an ongoing trading pattern. As a Form 144, it serves primarily as regulatory transparency rather than a material corporate event.
TL;DR: The notice is a standard insider sale disclosure with explicit provenance of shares and use of a registered broker.
The form identifies the shares as stock awards from a named individual and specifies Merrill Lynch as the executing broker, which aligns with common governance and compliance practices for insider dispositions. The filer reiterates the standard attestation about absence of undisclosed material adverse information. No other governance actions, leadership changes, or related-party transactions are disclosed in this filing.