OPRX Form 144: 11,120 restricted shares slated for sale on Nasdaq
Rhea-AI Filing Summary
OptimizeRx Corporation (OPRX) notice reports a proposed sale under Rule 144 of 11,120 shares of common stock, with an aggregate market value of $198,000. The filing identifies the broker as Merrill, 80 South 8th Street, Minneapolis, MN, and lists the approximate date of sale as 08/28/2025 on Nasdaq. The shares were acquired through a series of restricted stock awards from OptimizeRx between March 31, 2019 and March 31, 2020, with vesting/payment dates shown in 2019–2020. The filer states there were no securities sold in the past three months and certifies no undisclosed material adverse information is known.
Positive
- Disclosure of proposed sale complies with Rule 144, including broker, share count, aggregate value, and acquisition/vesting history
- Securities originated from restricted stock awards with documented acquisition and vesting dates (2019–2020), providing clear provenance
Negative
- None.
Insights
TL;DR: Routine Rule 144 notice disclosing sale of restricted shares via broker on Nasdaq; appears compliant and non-material to capitalization.
The filing documents a proposed public sale of 11,120 common shares valued at $198,000 through Merrill with an approximate sale date of 08/28/2025. Acquisition history shows these shares originated from restricted stock awards received in 2019–2020 and subsequently vested. The filer confirms no sales in the prior three months and attests to absence of undisclosed material adverse information. From a compliance standpoint the form contains the standard elements required under Rule 144: broker, number of shares, acquisition dates and nature, and vesting/payment details.
TL;DR: Disclosure is informational and unlikely to affect market given the small size relative to outstanding shares.
The proposed sale equals roughly 0.06% of the reported 18,565,033 shares outstanding, suggesting limited market impact. The shares stem from prior restricted stock awards rather than secondary transfers from unrelated large holders. No recent sales by the filer are reported, which reduces immediate supply pressure. This notice is primarily a transparency and regulatory compliance event rather than material corporate news.