OFG Bancorp (OFG) investor files notice to sell 4,000 common shares
Rhea-AI Filing Summary
OFG Bancorp common stock holder plans resale. Oriental Financial Services LLC filed a notice of proposed sale covering up to 4,000 shares of OFG Bancorp common stock to be sold on the NYSE on or after August 7, 2026. These shares were originally acquired from the issuer in open-market, cash transactions, including 3,000 shares purchased on November 8, 2017 and 1,000 shares purchased on June 28, 2018.
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Key Figures
Shares proposed for sale: 4,000 shares
First acquisition block: 3,000 shares
Second acquisition block: 1,000 shares
+1 more
4 metrics
Shares proposed for sale
4,000 shares
Maximum number of OFG Bancorp common shares covered by the notice
First acquisition block
3,000 shares
Common shares acquired on November 8, 2017 from issuer in open market for cash
Second acquisition block
1,000 shares
Common shares acquired on June 28, 2018 from issuer in open market for cash
Earliest sale date
08/07/2026
Earliest proposed sale date for the 4,000 shares under the notice
Key Terms
Form 144, Open Market, Rule 144
3 terms
Form 144 regulatory
"144: Securities Information Common Stock | Oriental Financial Services LLC"
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.
Open Market market
"Common Stock | 11/08/2017 | Open Market | Issuer"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
Rule 144 regulatory
"144: Securities To Be Sold"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does OFG's Form 144 filing disclose about planned stock sales?
The filing states that Oriental Financial Services LLC may sell up to 4,000 shares of OFG Bancorp common stock on the NYSE beginning on or after August 7, 2026, subject to market conditions and applicable rules.
Who is the selling security holder in OFG's Form 144 filing?
The selling security holder is Oriental Financial Services LLC. The notice relates to its intention to potentially sell up to 4,000 shares of OFG Bancorp common stock through transactions on the NYSE after a specified date.