[144] Proficient Auto Logistics, Inc. SEC Filing
Rhea-AI Filing Summary
Proficient Auto Logistics, Inc. (PAL) filed a Form 144 reporting a proposed sale of 6,100 shares of Common Stock through Stifel Nicolaus & Company Inc. with an aggregate market value of $47,712 and approximately 27,788,985 shares outstanding. The sale is scheduled for 08/15/2025 on Nasdaq. The securities were acquired as restricted stock units (RSUs) on 08/14/2025, representing 21,555 units that were paid for in cash on 08/15/2025. The filer reports no sales by the person in the past three months. The filing does not identify the specific selling person's name or other issuer contact details.
Positive
- Disclosure compliance: Form 144 properly reports broker, quantity, market value, and planned sale date.
- No recent sales: The filer reports "Nothing to Report" for securities sold in the past three months.
Negative
- Missing identifying details: The filing as provided does not specify the name of the selling person or full issuer contact information.
- Rapid turnover of RSUs: The RSUs were acquired on 08/14/2025 and the sale is scheduled for 08/15/2025, which may prompt stakeholder questions about timing.
Insights
TL;DR: Routine insider notice: 6,100 shares proposed for sale from recent RSU vesting; disclosure appears compliant and non-material.
The Form 144 shows a planned sale of 6,100 common shares on Nasdaq through Stifel, arising from RSUs acquired one day earlier. No prior sales in the past three months are reported, and the filer uses the required broker disclosure. From a trading-impact perspective, the size (<0.03% of outstanding shares) is immaterial to capitalization and liquidity. The filing provides minimal operational or financial information about the issuer.
TL;DR: Disclosure meets Rule 144 mechanics but lacks identifying details about the selling person and issuer contact information.
The notice documents the mechanics of a proposed Rule 144 sale tied to RSU vesting and cash payment. It signals adherence to reporting obligations by naming the broker and sale date. However, the filing omits explicit identification of the selling individual and issuer contact details in the provided content, which limits stakeholder ability to assess insider context. No aggregation of prior sales is reported.