RIG (RIG) insider files Form 144 to sell 35,000 common shares
Rhea-AI Filing Summary
RIG insider Roderick J. Mackenzie filed a Rule 144 notice to sell 35,000 shares of common stock through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $156,810.50 and an approximate sale date of 12/03/2025. The 35,000 shares were acquired on 02/06/2025 as restricted stock vesting under a registered plan in exchange for services rendered. The notice states that 1,101,441,205 shares of this class were outstanding. Over the prior three months, Mackenzie also sold 53,769 common shares on 10/31/2025 for gross proceeds of $207,456.93. The signer represents that he is not aware of any undisclosed material adverse information about the issuer’s operations.
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FAQ
What does the Form 144 filing for RIG disclose?
The Form 144 discloses that Roderick J. Mackenzie intends to sell 35,000 shares of RIG common stock on the NYSE through Morgan Stanley Smith Barney LLC, with an aggregate market value of $156,810.50 and an approximate sale date of 12/03/2025.
How did the RIG insider acquire the 35,000 shares being sold?
The 35,000 shares of RIG common stock were acquired on 02/06/2025 as restricted stock vesting under a registered plan, with the consideration described as services rendered.
How many RIG shares of this class are outstanding according to the filing?
The filing states that there were 1,101,441,205 shares of the relevant class of RIG common stock outstanding.
What RIG stock sales has the insider made in the past three months?
During the past three months, Roderick J. Mackenzie sold 53,769 RIG common shares on 10/31/2025, generating $207,456.93 in gross proceeds.
What representation does the RIG insider make about material information?
By signing the notice, the insider represents that he does not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.
Which broker will handle the planned RIG share sale?
The planned sale of 35,000 RIG common shares will be handled by Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York, NY 10004.