[144] OUTFRONT Media Inc. SEC Filing
Rhea-AI Filing Summary
OUTFRONT Media Inc. Form 144 notice: A holder proposes to sell 3,377,747 shares of common stock on the NYSE on 09/03/2025, with an aggregate market value of $61,002,110.82 and total shares outstanding reported as 167,224,576. The shares were acquired from the issuer under an Investment Agreement on 04/16/2020, totaling 6,962,105 shares originally, and paid in cash. No securities were reported sold by the same person in the past three months. The filer certifies they are unaware of undisclosed material adverse information and warns that intentional misstatements are criminal.
Positive
- Full disclosure of sale details: number of shares, aggregate value, trade date, trading venue provided
- Acquisition provenance stated: shares acquired under an Investment Agreement and paid in cash on 04/16/2020
- No sales in prior three months reported, indicating this is the first disclosed sale in the period
Negative
- Large proposed sale size of 3,377,747 shares equals approximately 2.02% of outstanding shares, which could put selling pressure
- No information on whether sales are part of a staggered plan or associated with a 10b5-1 program beyond the generic representation
Insights
TL;DR Large planned sale equal to ~2.02% of outstanding shares, disclosed under Rule 144 with acquisition via an investment agreement.
The filing shows a single-block proposed sale of 3,377,747 shares with an aggregate market value of $61.0M scheduled for 09/03/2025 on the NYSE. The shares were acquired from the issuer under an investment agreement on 04/16/2020 and paid in cash. No sales in the prior three months are reported, which may indicate this is a planned disposition rather than routine trading. The filer affirms no undisclosed material adverse information. Impact depends on market absorption and whether this sale is part of a larger, staggered liquidation plan.
TL;DR Filing is a standard Rule 144 notice; it documents provenance and intended sale but contains no governance action or new disclosures.
The form documents that the securities were acquired from the issuer under an investment agreement, which is relevant to status as restricted/legend stock eligible for resale under Rule 144. The signer affirms lack of material nonpublic information and references possible 10b5-1 trading-plan implications. No additional corporate governance events, officer changes, or related-party transaction details are provided in this notice.