ParaZero (PRZO) Insider Files Form 144 to Sell 13,983 RSUs
Rhea-AI Filing Summary
ParaZero Technologies Ltd. (PRZO) filing a Form 144 notifies the intended sale of 13,983 ordinary shares through Oppenheimer & Co. on Nasdaq with an aggregate market value of $18,457.56. The shares were acquired as restricted stock units (RSU) on 02/19/2025 and payment or settlement occurred the same day. The filing reports 12,817,092 shares outstanding and indicates no securities sold by the reporting person in the past three months. The filer certifies there is no undisclosed material adverse information and includes the standard attestation regarding trading plans and Rule 10b5-1.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider plans a routine sale of RSU shares acquired earlier in the year; disclosure appears procedural and non-material.
The Form 144 shows a proposed sale of 13,983 ordinary shares with an aggregate value of $18,457.56 through a broker on Nasdaq. The shares originated from an RSU grant on 02/19/2025 and were settled the same day. No other sales by the reporting person were disclosed for the prior three months and the filer provides the required attestation about material information and potential 10b5-1 plans. Given the reported size relative to the listed outstanding shares, this appears to be a standard insider liquidity event rather than a company-level development.
TL;DR: Filing meets Rule 144 disclosure requirements; signatures and attestations are present but no governance change is reported.
The notice includes the necessary Rule 144 details: class of security, broker, quantity, market value, acquisition date and nature (RSU), and outstanding share count. The submission contains the statutory attestation about knowledge of material adverse information and references trading plan considerations. There is no indication of executive departure, related-party transactions, or material governance actions in this filing.