PMV Pharmaceuticals (PMVP) Files Form 144 for 2.28M Shares via Themis Trading
Rhea-AI Filing Summary
PMV Pharmaceuticals, Inc. (PMVP) filed a Form 144 notice reporting a proposed sale of 2,283,654 shares of Common Stock through broker Themis Trading LLC with an approximate aggregate market value of $3,653,846.40. The filing lists the number of shares outstanding as 52,990,864 and gives an approximate sale date of 09/10/2025 on NASDAQ.
The securities were acquired on 09/29/2020 in the issuer's Initial Public Offering with cash payment. The filer certifies there were no securities sold in the past three months by the person for whose account the securities will be sold and represents they are unaware of any material nonpublic information about the issuer.
Positive
- Full transaction detail provided: class, broker, exact share count, aggregate value, outstanding shares, and estimated sale date are all disclosed
- Acquisition provenance stated: securities were acquired in the issuer's Initial Public Offering on 09/29/2020 with cash
- No sales in prior three months reported for the person for whose account the securities will be sold
Negative
- Large block scheduled for sale: 2,283,654 shares are being offered (aggregate market value $3,653,846.40), which may be material to some stakeholders
- No 10b5-1 trading plan date provided: the form does not indicate adoption of a written trading plan or its date
Insights
TL;DR: Form 144 discloses a planned sale of 2.28M shares via Themis Trading with full acquisition traced to the 2020 IPO.
The filing provides clear transactional detail required under Rule 144: the class, broker name and address, exact share amount, aggregate market value, outstanding shares, and intended sale date. It also documents the acquisition source (IPO) and payment method (cash), which supports Rule 144 eligibility review. The statement that there were no sales in the prior three months and the signers certification about material nonpublic information are standard but important for compliance and market transparency.
TL;DR: Disclosure is complete for a Rule 144 notice and includes the signers representation on nonpublic material information.
The form includes the necessary attestations and transaction history that governance reviewers look for when assessing insider or affiliate dispositions. It identifies the broker, sale timing, and the original acquisition via the IPO, enabling stakeholders to verify regulatory compliance. There is no mention of any trading plan or 10b5-1 adoption date on the form.