[144] Eightco Holdings Inc. SEC Filing
Rhea-AI Filing Summary
Eightco Holdings Inc. (ORBS) Form 144 shows a proposed sale of 30,000 common shares with an aggregate market value of $325,614, representing a small fraction of the 181,329,397 shares outstanding. The sale is scheduled approximately for 09/17/2025 on NASDAQ. The shares were acquired on 03/27/2024 in a private issuance from the issuer, paid in lieu of debt. The filer (Paul N. Vassilakos) also reported sales in the past three months: 14,813 common shares sold on 09/16/2025 for $164,653.80 and 208,483 OCTO-class units sold on 09/08/2025 for $10,094,955.34. The notice includes the standard representation that the filer is unaware of undisclosed material adverse information about the issuer.
Positive
- Transparent disclosure of intended sale via Form 144, meeting regulatory requirements
- Proposed sale size is very small relative to total common shares outstanding (~0.02%)
Negative
- Recent insider monetization includes sale of 208,483 OCTO units for $10,094,955.34, a material liquidity event
- Additional common shares sold recently: 14,813 shares on 09/16/2025 for $164,653.80, indicating ongoing insider selling
Insights
TL;DR: Insider plans a small NASDAQ sale; recent large OCTO-class sale is notable but the planned 30,000-share sale is immaterial to float.
The filing discloses a proposed sale of 30,000 common shares (~0.0165% of outstanding shares) with value ~$325,614. Given the tiny percentage of the outstanding common stock, the direct dilution or market impact from this specific sale is likely negligible. However, the filer sold 208,483 OCTO units for about $10.09 million and 14,813 common shares for ~$164.7k in the prior month, indicating recent material monetization by the insider across security classes. Investors should view the single Form 144 sale as routine disclosure of intended selling, while the prior large OCTO sale is a separate substantive liquidity event.
TL;DR: Filing reflects required disclosure and cashing out of previously-acquired securities; acquisition in lieu of debt is a noteworthy attribution of consideration.
The shares subject to this notice were acquired from the issuer on 03/27/2024 as payment in lieu of debt, which is relevant to understand insider holdings' origin and potential motivations for sale. The filer’s attestations regarding material nonpublic information follow standard Form 144 practice. The presence of recent significant sales (notably the OCTO-class sale) underscores that insiders are exercising liquidity, which is material governance information but does not inherently indicate company operational issues.