[144] OUTFRONT Media Inc. SEC Filing
Rhea-AI Filing Summary
OUTFRONT Media Inc. (OUT) Form 144 notice: A person proposes to sell 1,154,496 shares of common stock through J.P. Morgan Securities LLC on the NYSE with an approximate aggregate market value of $20,850,197.76. The securities were acquired on 04/16/2020 from the issuer under an investment agreement and the acquisition was paid in cash. The filing reports no securities sold by the same person in the past three months. The proposed sale date listed is 09/03/2025. The filer certifies they are unaware of any undisclosed material adverse information about the issuer.
Positive
- Sale registered under Rule 144, indicating the filer is following disclosure and resale compliance requirements
- Broker identified as J.P. Morgan Securities LLC, showing an established execution channel
- No sales in prior three months reported for the selling person
Negative
- Large block proposed for sale: 1,154,496 shares could represent a significant issuance of shares into the market
- High aggregate market value: $20,850,197.76 scheduled for sale on 09/03/2025
- Securities acquired from issuer under an investment agreement, which may be relevant to insider/affiliate status
Insights
TL;DR: Rule 144 notice registers a sizeable planned sale of OUT common stock via a major broker.
The filing documents an intended sale of 1,154,496 shares with an aggregate market value of $20,850,197.76 through J.P. Morgan Securities on the NYSE. The shares were acquired from the issuer on 04/16/2020 under an investment agreement and paid in cash. No sales by the same person were reported in the prior three months, and the notice includes the seller's representation of no undisclosed material adverse information. From a trading-liquidity perspective, the registration via Rule 144 and use of a primary broker are procedural steps to enable a compliant public sale.
TL;DR: The filing documents compliance with Rule 144 and discloses the origin and planned disposition of a large block of issuer stock.
The submission identifies the acquisition date (04/16/2020) and that the securities originated from an investment agreement with the issuer. The filer affirms no undisclosed material adverse information and that there were no sales in the last three months. This form functions as a transparency mechanism for potential insider or affiliate liquidity activity; the filing itself does not provide any new governance action or operational detail about the company beyond the disclosed sale intent.