STOCK TITAN

Charles Giancarlo (P) schedules sale of 70,000 shares under 10b5-1 plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

A shareholder associated with Charles Giancarlo filed to potentially sell 70,000 shares of common stock through Morgan Stanley Smith Barney LLC’s Executive Financial Services program. These shares relate to Restricted Stock Units granted on March 20, 2019. The filing lists an aggregate market value of $5,667,200.00 for the planned sale and references 332,404,932 shares outstanding as of July 10, 2026. Over the prior three months, sales under a Rule 10b5-1 plan included 65,800 shares for $5,267,013.64 on July 9, 2026, 4,200 shares for $336,021.00 on June 30, 2026, and 580,000 shares for $50,845,462.00 on May 11, 2026.

Positive

  • None.

Negative

  • None.

Insights

Large pre-planned insider stock sales, but small versus total shares outstanding.

The filing shows Charles Giancarlo using a Rule 10b5-1 trading plan to sell substantial blocks of common stock, including a planned sale of $5,667,200.00 tied to 70,000 shares. Rule 10b5-1 plans automate trades and can reduce concerns about market timing.

Contextually, the issuer reports 332,404,932 shares outstanding as of July 10, 2026, indicating these transactions represent a limited fraction of total equity. Investors may focus on ongoing 10b5-1 activity and any future changes in Giancarlo’s trading patterns disclosed in later reports.

Planned shares to be sold 70,000 shares Common stock proposed for sale through Morgan Stanley Smith Barney LLC Executive Financial Services
Aggregate market value of planned sale $5,667,200.00 Reported aggregate market value for 70,000 shares to be sold
Shares outstanding 332,404,932 shares Shares outstanding as of July 10, 2026
10b5-1 sale on July 9, 2026 65,800 shares for $5,267,013.64 Common stock sold under Rule 10b5-1 plan
10b5-1 sale on June 30, 2026 4,200 shares for $336,021.00 Common stock sold under Rule 10b5-1 plan
10b5-1 sale on May 11, 2026 580,000 shares for $50,845,462.00 Common stock sold under Rule 10b5-1 plan
Grant date of RSUs 03/20/2019 Restricted Stock Units underlying the 70,000 planned sale shares
Rule 10b5-1 regulatory
"10b5-1 Sales for CHARLES GIANCARLO 2555 Augustine Dr."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Restricted Stock Units financial
"Common | 03/20/2019 | Restricted Stock Units | Issuer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Executive Financial Services financial
"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"
Form 144 regulatory
"144: Securities Information Common | Morgan Stanley Smith Barney LLC"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
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FAQ

What does the Form 144 filing for symbol P disclose about Charles Giancarlo’s planned stock sale?

It discloses a plan to sell 70,000 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $5,667,200.00, referencing 332,404,932 shares outstanding as of July 10, 2026.

How many shares has Charles Giancarlo sold under his 10b5-1 plan mentioned in the P filing?

The filing lists 10b5-1 sales of 65,800 shares for $5,267,013.64 on July 9, 2026, 4,200 shares for $336,021.00 on June 30, 2026, and 580,000 shares for $50,845,462.00 on May 11, 2026.

What type of equity award underlies the 70,000 shares in Charles Giancarlo’s planned sale for P?

The 70,000 shares planned for sale are tied to Restricted Stock Units granted on March 20, 2019 by the issuer, according to the Form 144 disclosure.

How is Morgan Stanley Smith Barney LLC involved in the Charles Giancarlo stock sale for P?

Morgan Stanley Smith Barney LLC’s Executive Financial Services unit at 1 New York Plaza is listed as handling the planned sale of 70,000 common shares for Charles Giancarlo.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature