Perdoceo Education (PRDO) plans potential Rule 144 sale of restricted and performance shares
Rhea-AI Filing Summary
Perdoceo Education Corporation filed a notice under Rule 144 for a potential sale of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services. The notice covers up to 3,200 shares of restricted stock dated 03/14/2024 and 10,311 performance shares dated 03/14/2026, with sales expected to occur on NASDAQ if conditions for resale are met.
Positive
- None.
Negative
- None.
Key Figures
Restricted stock shares covered: 3,200 shares
Performance shares covered: 10,311 shares
Trading market: NASDAQ
3 metrics
Restricted stock shares covered
3,200 shares
Restricted stock dated 03/14/2024 listed under securities to be sold
Performance shares covered
10,311 shares
Performance shares dated 03/14/2026 listed under securities to be sold
Trading market
NASDAQ
Common stock identified as listed on NASDAQ for potential Rule 144 sales
Key Terms
Rule 144, Restricted Stock, Performance Shares, Executive Financial Services
4 terms
Rule 144 regulatory
"filed a notice under Rule 144 for a potential sale of common stock"
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 financial
"Restricted Stock | ISSUER | | | 3200 | 03/14/2024"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Executive Financial Services financial
"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"
FAQ
What does the PRDO Rule 144 filing disclose?
The filing discloses a planned sale of Perdoceo Education common stock under Rule 144, involving restricted stock and performance shares that may be sold on NASDAQ through a broker.
Which broker is handling the potential PRDO Rule 144 sales?
The planned sales under Rule 144 are to be handled by Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004.
AI-generated analysis. How Rhea-AI works. Not financial advice.