[144] OUTFRONT Media Inc. SEC Filing
Rhea-AI Filing Summary
OUTFRONT Media Inc. Form 144 notifies a proposed sale of 1,527,273 shares of common stock through J.P. Morgan Securities LLC on the NYSE, with an aggregate market value of $27,582,550.38 and 167,224,576 shares outstanding. The securities were acquired by the selling person on 04/16/2020 from the issuer under an Investment Agreement, with 3,147,966 shares originally acquired and payment made in cash. No securities were reported sold by the seller in the past three months. The filer affirms no undisclosed material adverse information and provides required signature and representations.
Positive
- Transparent disclosure of broker, share count, aggregate market value, and proposed sale date
- Acquisition details provided: 3,147,966 shares acquired on 04/16/2020 under an Investment Agreement with cash payment
- No reported sales in the past three months by the selling person
Negative
- Proposed sale size is 1,527,273 shares with an aggregate value of $27,582,550.38 (may be material in absolute terms)
- Form does not state whether a trading plan (e.g., Rule 10b5-1) governs the sale or the plan adoption date
Insights
TL;DR: Routine Form 144 filing disclosing a significant single-party sale scheduled through an institutional broker on the NYSE.
This Form 144 documents a proposed block sale of 1,527,273 shares valued at $27.58 million to be executed via J.P. Morgan Securities LLC. The filing includes acquisition provenance — 3,147,966 shares acquired from the issuer on 04/16/2020 under an investment agreement with cash payment — and confirms no sales by the seller in the prior three months. For analysts, the filing is a transparent, compliant disclosure of an insider/affiliate sale; it does not include forward-looking commentary or additional context about intent or trading plan dates.
TL;DR: The disclosure meets Rule 144 requirements and includes standard seller representations, without governance irregularities disclosed.
The Form contains the requisite broker, share counts, acquisition history and seller representation about material information. It shows conformity with Rule 144 procedural norms: broker identification (J.P. Morgan), timing of proposed sale (09/03/2025), and a signed representation regarding undisclosed material information. The document does not disclose any trading-plan adoption date or other governance events; consequently, it appears procedural rather than indicative of governance change.