NR Insider Files Form 144 for 69,896 Shares, $698,960 Value
Rhea-AI Filing Summary
Newpark Resources, Inc. (NR) filed a Form 144 disclosing a proposed sale of 69,896 common shares by the person for whose account the securities were acquired and are to be sold. The shares were acquired and are to be sold on 08/22/2025 through Morgan Stanley Smith Barney LLC on the NYSE. The filing reports an aggregate market value of $698,960 and lists total shares outstanding as 84,432,766. The acquisition was an exercise of stock options with cash payment on the same date. The filer reports no securities sold in the past three months and affirms they know of no undisclosed material adverse information.
Positive
- Regulatory compliance: The filer provides required Rule 144 disclosure elements including broker, share count, acquisition method, and attestation about material nonpublic information
- Transparent acquisition method: The shares were acquired by an exercise of stock options and payment was in cash, which is clearly stated
Negative
- Insider sale: The planned sale of 69,896 shares represents an insider disposing of recently exercised shares
- Limited issuer context: The filing does not identify the selling person, limiting investor ability to assess potential governance or signaling implications
Insights
TL;DR: Routine insider disclosure of option exercise and planned sale; appears compliant with Rule 144 filing requirements.
The Form 144 provides the required disclosure elements: class of security, broker, number of shares (69,896), aggregate market value ($698,960), acquisition method (exercise of stock options), payment method (cash), and proposed sale date (08/22/2025). The filing also states no related sales in the past three months and includes the customary attestation regarding material nonpublic information. From a compliance perspective, the document contains the necessary fields to support a Rule 144 sale notice.
TL;DR: Small insider sale following option exercise; disclosure is routine and not clearly material to company fundamentals.
The notice shows an insider exercised options and intends to sell 69,896 shares with an aggregate value under $700k. Relative to the reported outstanding shares (84,432,766), this is a very small percentage. The filing does not disclose the identity of the seller or provide additional context about timing beyond the listed sale date. No past 3-month sales were reported, which suggests this is an isolated transaction disclosed per regulatory rules.