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Orchestra BioMed: Sherman proposes 15,000-share sale

The notice also lists three earlier sales of 15,000 shares each during the preceding three months.

(Neutral)

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Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
144

Rhea-AI Filing Summary

Orchestra BioMed Holdings, Inc. (OBIO) reports that Darren Sherman proposes to sell 15,000 common shares through Fidelity Brokerage Services LLC, with an aggregate market value of $94,050.00 and an approximate sale date of October 1, 2026. The notice lists three sales during the preceding three months: 15,000 shares on July 1, 2026, for $64,066.02; 15,000 shares on August 3, 2026, for $61,291.68; and 15,000 shares on September 1, 2026, for $74,059.38. The shares proposed for sale are described as acquired through restricted stock vesting on November 25, 2024.

Proposed shares for sale 15,000 shares Common shares; approximate sale date October 1, 2026
Aggregate market value $94,050.00 Proposed sale
Shares sold 15,000 shares July 1, 2026
Reported amount $64,066.02 Sale on July 1, 2026
Shares sold 15,000 shares August 3, 2026
Reported amount $61,291.68 Sale on August 3, 2026
Shares sold 15,000 shares September 1, 2026
Reported amount $74,059.38 Sale on September 1, 2026
Rule 144 regulatory
"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 Vesting financial
"Common | 11/25/2024 | Restricted Stock Vesting"
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.
attorney-in-fact regulatory
"as attorney-in-fact for Darren Sherman"
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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many OBIO shares does Darren Sherman plan to sell?

Darren Sherman proposes to sell 15,000 common shares, with an aggregate market value of $94,050.00 and an approximate sale date of October 1, 2026. Fidelity Brokerage Services LLC is listed in connection with the sale.

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

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