Insider plans Rule 144 sale of common shares in PENG (PENG)
Rhea-AI Filing Summary
An affiliate of PENG filed to sell common stock under Rule 144 through Morgan Stanley Smith Barney LLC’s Executive Financial Services. The filing covers 4,739 common shares, with an indicated value of $275,335.90, with a proposed sale date of July 22, 2026.
The shares relate to Restricted Stock Units granted on January 20, 2024. In the prior three months, Rule 10b5-1 plan transactions for Anne Kuykendall included sales of 4,000 shares on May 26, 2026 for $217,794.00 and 4,000 shares on June 15, 2026 for $257,501.20.
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Key Figures
Shares to be sold: 4,739 shares
Proposed sale value: $275,335.90
RSU grant date: 01/20/2024
+3 more
6 metrics
Shares to be sold
4,739 shares
Common stock covered by the Rule 144 filing
Proposed sale value
$275,335.90
Value associated with 4,739 common shares to be sold
RSU grant date
01/20/2024
Restricted Stock Units from issuer underlying the common shares
10b5-1 sale May 26, 2026
4,000 shares for $217,794.00
Common stock sold under 10b5-1 plan
10b5-1 sale June 15, 2026
4,000 shares for $257,501.20
Common stock sold under 10b5-1 plan
Proposed sale date
07/22/2026
Date for planned Rule 144 stock sale
Key Terms
Rule 144, Restricted Stock Units, 10b5-1, Executive Financial Services
4 terms
Rule 144 regulatory
"filed to sell common stock under Rule 144 through Morgan Stanley"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Units financial
"The shares relate to Restricted Stock Units granted on January 20, 2024"
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.
10b5-1 regulatory
"In the prior three months, Rule 10b5-1 plan transactions for Anne Kuykendall"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.
Executive Financial Services financial
"through Morgan Stanley Smith Barney LLC’s Executive Financial Services"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Form 144 filing for PENG disclose?
The filing discloses a planned sale of 4,739 common shares of PENG through Morgan Stanley Smith Barney LLC, with an indicated value of $275,335.90 and a proposed sale date of July 22, 2026.
What recent PENG stock sales has Anne Kuykendall reported under a 10b5-1 plan?
Anne Kuykendall reported 4,000 PENG shares sold on May 26, 2026 for $217,794.00 and another 4,000 shares on June 15, 2026 for $257,501.20, both identified as 10b5-1 sales of common stock.
What is the relationship between the PENG Form 144 sale and RSU grants?
The Form 144 sale of 4,739 PENG shares relates to Restricted Stock Units granted on January 20, 2024. These RSUs from the issuer are the source of the common shares that are eligible for resale under Rule 144.
Which broker is handling the planned PENG stock sale under Rule 144?
The planned PENG stock sale is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services at 1 New York Plaza, New York. This broker is listed as handling the 4,739-share common stock sale.