PKBK Form 144: Insider Plans Sale of 1,600 Shares Valued $33,984

Form 144 filing for Parke Bancorp Inc. (PKBK) reports a proposed sale of 1,600 common shares through Wells Fargo Clearing Services with an approximate aggregate market value of $33,984 and an approximate outstanding share count of 11,847,197.

Rhea-AI Filing Summary

Form 144 filing for Parke Bancorp Inc. (PKBK) reports a proposed sale of 1,600 common shares through Wells Fargo Clearing Services with an approximate aggregate market value of $33,984 and an approximate outstanding share count of 11,847,197. The filer acquired these shares on 11/21/2002 in an open market purchase and paid cash. The proposed sale date is listed as 08/19/2025 on Nasdaq. The filing also discloses sales by the same person during the prior three months: 107 shares on 08/13/2025 for $2,353.42, 1,288 shares on 08/14/2025 for $28,010.15, and 105 shares on 08/15/2025 for $2,152.37. The signer affirms no undisclosed material adverse information and warns about legal penalties for misstatements.

Positive

• Disclosure compliance: Filing provides required Rule 144 details including acquisition date, payment method, broker, and planned sale date.
• Long-term ownership: Shares were acquired on 11/21/2002, indicating the filer has been a long-term holder.

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider plans modest sale of PKBK shares, previously sold 1,500 shares in August; transaction appears routine, not transformative.

The filing shows an insider sale of 1,600 shares valued at $33,984 based on the filer\'s chosen market value, following aggregate sales of 1,500 shares across three trades earlier in August 2025. The shares were originally purchased in 2002, indicating long-term ownership. The size of the sale relative to the reported outstanding shares (1,600 vs 11,847,197) is immaterial in isolation and does not, by itself, indicate company-level developments. The filing includes the standard representation that no material nonpublic information is known to the seller.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements; information is procedural and highlights compliance with insider-sale notice rules.

The notice provides required details: acquisition date (11/21/2002), nature of acquisition (open market), payment method (cash), broker name and sale timing (Wells Fargo; 08/19/2025), and recent sales history. The inclusion of the signer\'s representation about material information and a signature block follows regulatory norms. There are no statements here about changes in control, related-party transactions, or other governance events.

FAQ

What does the PKBK Form 144 filed indicate about the planned sale?

The filing notifies a proposed sale of 1,600 common shares of Parke Bancorp (PKBK) through Wells Fargo with an aggregate market value of $33,984 and an approximate sale date of 08/19/2025.

When and how were the shares to be sold acquired according to the filing?

The shares were acquired on 11/21/2002 in an open market purchase and paid for in cash.

Has the filer recently sold other PKBK shares?

Yes. The filing lists sales by the same person during the past three months: 107 shares on 08/13/2025 for $2,353.42, 1,288 shares on 08/14/2025 for $28,010.15, and 105 shares on 08/15/2025 for $2,152.37.

Through which broker is the proposed PKBK sale being executed?

The sale is to be executed through Wells Fargo Clearing Services, 1 N. Jefferson Ave., St. Louis MO 63103.

What representation does the filer make about material nonpublic information?

The filer represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 08/25/2025 - 03:03 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001324062
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	PARKE BANCORP, INC.
SEC File Number	000-51338
Address of Issuer	601 DELSEA DRIVE WASHINGTON TOWNSHIP NEW JERSEY 08080
Phone	856 256-2500
Name of Person for Whose Account the Securities are To Be Sold	KRIPITZ JEFFREY H
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Wells Fargo Clearing Services 1 N. Jefferson Ave. St. Louis MO 63103	1600	33984.00	11847197	08/19/2025	Nasdaq

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	11/21/2002	Open Market Purchase	Open Market			1600	11/21/2002	Cash

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Jeffrey Kripitz 601 DELSEA DRIVE WASHINGTON TOWNSHIP NJ 08080	Common Shares of PKBK	08/13/2025	107	2353.42
Jeffrey Kripitz 601 DELSEA DRIVE WASHINGTON TOWNSHIP NJ 08080	Common Shares of PKBK	08/14/2025	1288	28010.15
Jeffrey Kripitz 601 DELSEA DRIVE WASHINGTON TOWNSHIP NJ 08080	Common Shares of PKBK	08/15/2025	105	2152.37

144: Remarks and Signature

Remarks	1,600 Shares were sold on August 19, 2025. These shares were also included on the August 22, 2025, 144 filing as sales in the last 90 days.
Date of Notice	08/25/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Jeffrey H. Kripitz
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)