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NPK International insider plans $135K stock sale

NPK International Inc. (NPKI) received a notice under Rule 144 for a proposed sale of restricted securities.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

NPK International Inc. (NPKI) received a notice under Rule 144 for a proposed sale of restricted securities. The sale is for 10,000 shares of common stock held for the account of Rose M. Robeson, with UBS Financial Services Inc. acting as attorney-in-fact and broker.

The shares relate to Restricted Stock Units originally acquired from the issuer on May 14, 2022. The filing lists an approximate aggregate market value of $134,917 for these shares and reports 84,909,894 shares of common stock outstanding, with the common stock listed on the NYSE.

Positive

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Negative

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Shares to be sold 10,000 shares of common stock Proposed sale under Rule 144 for the account of Rose M. Robeson
Aggregate market value $134,917 Approximate market value of the 10,000 shares proposed to be sold
Shares outstanding 84,909,894 shares of common stock Reported outstanding shares of NPK International Inc. common stock
Acquisition date May 14, 2022 Date the Restricted Stock Units were acquired from the issuer
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Units financial
"Common | 05/14/2022 | Restricted Stock Units | Issuer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
attorney-in-fact regulatory
"UBS Financial Services Inc, as attorney-in-fact for Rose Robeson"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What does the Form 144 filing by NPKI relate to?

It relates to a proposed Rule 144 sale of 10,000 shares of NPK International Inc. common stock for the account of Rose M. Robeson, with UBS Financial Services Inc. acting as attorney-in-fact and broker.

How many NPKI shares are proposed to be sold under this Form 144?

The notice covers a proposed sale of 10,000 shares of NPK International Inc. common stock that were acquired as Restricted Stock Units from the issuer.

What is the approximate market value of the NPKI shares covered by this Form 144?

The filing lists an approximate aggregate market value of $134,917 for the 10,000 shares of NPK International Inc. common stock to be sold.

How many NPKI common shares are reported as outstanding in the Form 144?

The Form 144 reports that 84,909,894 shares of NPK International Inc. common stock are outstanding, providing a baseline figure separate from the 10,000 shares proposed for sale.

When were the NPKI shares in this Form 144 originally acquired?

The shares were acquired as Restricted Stock Units from NPK International Inc. on May 14, 2022, according to the Form 144 disclosure.

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

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Learn about SEC filing dates

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