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MOD (NASDAQ: MOD) files Form 144 notice for planned common-stock sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

MOD filed a Form 144 notice reporting an intended sale of common stock. The filing lists securities acquired under the issuer's 2020 ICP, including 5,636 shares acquired on 07/23/2023 and 6,364 shares acquired on 08/17/2024, each described as annual equity compensation awards.

Positive

  • None.

Negative

  • None.

Insights

Rule 144 notice for resale of equity awarded under the 2020 ICP.

The filing lists common stock transactions tied to equity awards: 5,636 shares acquired on 07/23/2023 and 6,364 shares acquired on 08/17/2024

The entries reference issuance pursuant to the issuer's 2020 ICP and describe the shares as annual equity compensation awards. The filing does not attach proceeds or purchaser details in the excerpt.

Administrative resale notice; quantities are modest.

The amounts shown (5,636 and 6,364 shares) represent award-derived shares eligible for resale under Rule 144. These per-award quantities are small relative to typical company floats and are presented as individual award issuances.

Holder decisions will determine actual sale activity; the excerpt does not disclose aggregate offering mechanics or timing.

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

FAQ

What does MOD's Form 144 filing mean for shareholders?

A Form 144 is a notice that shares may be sold under Rule 144. This filing notes shares from equity awards, including 5,636 and 6,364 shares issued on 07/23/2023 and 08/17/2024.

How many award-derived shares does the excerpt show for MOD?

The excerpt shows two award-derived lots: 5,636 shares acquired on 07/23/2023 and 6,364 shares acquired on 08/17/2024, each from the 2020 ICP.

Are the shares in MOD's filing from stock grants or purchases?

The shares were issued pursuant to award grants. The filing states they were acquired upon exercise or vesting of awards under the issuer's 2020 ICP as annual equity compensation.

Does the Form 144 excerpt state the timetable or proceeds for sales?

The provided excerpt does not disclose timing or proceeds. It lists intended resale quantities and acquisition dates but does not describe sale timing or cash‑flow details.

Will these sales immediately dilute MOD shareholders?

The filing notifies potential resale eligibility; it does not report completed sales. Actual dilution depends on whether and when holders execute sales, which the excerpt does not state.
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