STOCK TITAN

MOD (NYSE: MOD) Form 144: Trust lists sale of 14,080 shares valued $3.95M

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

Rhea-AI Filing Summary

MOD reports a proposed sale of 24,002 shares of Common Stock under a notice on Form 144, with restricted stock vesting identified under a registered plan. The excerpt shows a related transaction by ERIC MCGINNIS REVOCABLE TRUST of 14,080 shares on 05/29/2026 for $3,946,060.80.

Positive

  • None.

Negative

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Insights

Form 144 notice documents a proposed resale of restricted shares by an affiliated trust.

The filing lists 24,002 shares as the framed securities and describes the source as restricted stock vesting under a registered plan. The trust sale of 14,080 shares is recorded with a dollar value of $3,946,060.80.

Timing and exact distribution mechanics are governed by resale conditions for Rule 144 transactions; subsequent broker or issuer disclosures may clarify whether sales were completed and the proceeds treatment.

Registered/Noticed shares 24,002 shares listed on Form 144 in the excerpt
Selling-holder transaction 14,080 shares sale recorded by ERIC MCGINNIS REVOCABLE TRUST on <date>05/29/2026</date>
Recorded dollar amount $3,946,060.80 value shown alongside the 14,080-share transaction
Form 144 regulatory
"144: 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.
restricted stock vesting financial
"Restricted stock vesting under a registered plan"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
registered plan regulatory
"Restricted stock vesting under a registered plan"
A registered plan is a savings or investment account that a government recognizes for special tax treatment and rules, such as limits on how much you can put in and conditions for withdrawals. For investors it matters because those rules change how much of your gains are taxed, how quickly your money can be accessed and what strategies make sense — like a labeled jar that gives tax breaks but comes with rules about when and how you can take the money out.
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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?

It notifies the SEC of a proposed resale of restricted shares. The filing lists 24,002 shares tied to a registered plan and shows a trust sale of 14,080 shares on 05/29/2026 for $3,946,060.80.

Who is selling shares in the MOD Form 144?

The excerpt names ERIC MCGINNIS REVOCABLE TRUST as a selling holder. The trust is recorded as selling 14,080 shares on 05/29/2026, with the filing address shown in Racine, Wisconsin.

Are these shares newly issued or restricted shares for MOD?

The filing identifies the securities as restricted stock vesting under a registered plan. That indicates the shares originated from restricted awards that became eligible for resale under registration terms.

Does Form 144 confirm the shares were sold?

Form 144 provides notice of a proposed resale or an associated sale. The excerpt shows a transaction record for 14,080 shares on 05/29/2026, but completion and settlement details are not included in the excerpt.