[144] OUTFRONT Media Inc. SEC Filing
Rhea-AI Filing Summary
OUTFRONT Media Inc. filing a Form 144 notifies a proposed sale of 2,305,693 shares of Common Stock through J.P. Morgan Securities LLC on 09/03/2025 on the NYSE with an aggregate market value of $41,640,815.58. The filer acquired 4,752,421 shares on 04/16/2020 from the issuer under an Investment Agreement and paid in cash. The filing reports 167,224,576 shares outstanding and states there were no securities sold by the filer in the past 3 months. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.
Positive
- Full disclosure of transaction details including broker, sale date, share count, and aggregate market value
- Acquisition provenance provided: shares were acquired under an Investment Agreement from the issuer and paid in cash
- No sales in prior three months, simplifying aggregation and compliance with Rule 144 reporting
Negative
- Substantial block to be sold (2,305,693 shares) which could increase supply pressure on the stock around the sale date
- Filing lacks identity of the specific selling person or their relationship beyond the generic issuer-source description
Insights
TL;DR: Insider plans to sell ~2.3M shares (value ~$41.6M) acquired in 2020; transaction disclosed under Rule 144 for orderly sale.
The filing documents a Rule 144 notification for a proposed registered sale of 2,305,693 common shares with an aggregate market value of $41,640,815.58, scheduled through J.P. Morgan on 09/03/2025. The shares were originally acquired from the issuer under an Investment Agreement on 04/16/2020 and paid in cash. No sales by the filer occurred in the prior three months. For investors, the filing is a compliance disclosure of an intended secondary sale rather than an operational update from the company.
TL;DR: Form 144 properly discloses planned sale details and acquisition origin; includes the standard representation about material non-public information.
The notice identifies the broker, the planned sale date, shares outstanding, and acquisition details, and affirms the signer does not possess undisclosed material adverse information. It also confirms no related sales in the prior three months, which addresses aggregation rules. The form contains the required legal attestations and provides clear provenance of the securities (issuer-originated under an Investment Agreement), supporting regulatory transparency.