[144] Perdoceo Education Corporation SEC Filing
Form 144 notice for Perdoceo Education Corporation (PRDO) reports a proposed sale of 30,234 common shares through Morgan Stanley Smith Barney LLC on the NASDAQ with an aggregate market value of $997,722.00. The filing shows 64,953,379 shares outstanding for the issuer and an approximate sale date of 08/22/2025.
The shares to be sold were acquired from the issuer as a mix of restricted stock and performance shares on 03/14/2024 and 03/14/2025, with component lots of 10,819, 9,816, 5,126 and 4,473 shares, respectively. No securities were reported sold by the holder in the past three months, and the filer represents they have no undisclosed material adverse information.
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Insights
TL;DR: Routine insider sale notice; 30,234 shares proposed with $997,722 market value, filed under Rule 144.
This filing discloses a planned sale of 30,234 common shares via Morgan Stanley Smith Barney on NASDAQ with an aggregate market value of $997,722. The lots were issued by the issuer as restricted stock and performance shares on 03/14/2024 and 03/14/2025. No sales in the prior three months are reported, which suggests this is a scheduled disposition rather than an active divestiture sequence. For investors, the notice provides transparency on an insider's planned liquidity event but does not provide operational or financial performance information about the company itself.
TL;DR: Disclosure appears compliant; sale aggregated across multiple grant types and routed through a broker.
The filer identifies Morgan Stanley Smith Barney LLC as the executing broker and aggregates sales across four grant lots issued by the company. The statement that the filer does not possess undisclosed material adverse information is included, and there are no reported sales in the preceding three months. This form functions as a compliance disclosure for a securities disposition under Rule 144 and contains no indications of irregular governance events or regulatory issues.