[144] PERDOCEO EDUCATION Corp SEC Filing
PERDOCEO EDUCATION Corp (PRDO) filed a Form 144 disclosing a proposed sale of 40,000 common shares through Morgan Stanley Smith Barney on NASDAQ with an aggregate market value of $1,382,788.00. The shares were acquired as restricted stock on 12/14/2021 from the issuer and were to be sold approximately on 09/16/2025. The filing names Todd Sherman Nelson as a seller and records a prior sale on 09/15/2025 of 40,000 shares for gross proceeds of $1,391,196.00. The filer attests no knowledge of undisclosed material adverse information and includes broker details and transaction dates.
- Clear disclosure of broker, acquisition date, nature of acquisition (restricted stock), and proposed sale date
- Insider representation that no material nonpublic information is known, consistent with compliance expectations
- Transaction size disclosed with aggregate market value allowing investor assessment
- None.
Insights
TL;DR: Routine insider sale filing; includes acquisition and sale dates, broker, and representation on material nonpublic information.
This Form 144 appears procedural and compliant with Rule 144 disclosure requirements. It specifies the class, quantity, acquisition as restricted stock dated 12/14/2021, broker information (Morgan Stanley Smith Barney LLC), and the approximate sale date of 09/16/2025. The filer signs the required representation regarding absence of undisclosed material adverse information. No material omissions are evident in the provided fields.
TL;DR: Transaction size is modest relative to outstanding shares; market impact likely limited based on disclosed quantities.
The filing shows 40,000 shares proposed for sale against 64,953,379 shares outstanding, implying the sale is a small fraction of total float. The broker and near-term dates are provided, which supports orderly execution. From a market-impact perspective, the disclosed quantity should be immaterial for most investors, absent additional undisclosed sales or clustering of insider exits.