Insider plans 115,378-share sale at company (NYSE: RIG) under Rule 144
Rhea-AI Filing Summary
A holder of 115,378 shares of common stock of the issuer with ticker RIG has filed a notice of proposed sale under SEC Rule 144. The shares are planned to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services on the NYSE, with an stated aggregate market value of $557,275.74. The issuer reported 1,101,441,205 shares outstanding for context.
The securities to be sold were acquired on 03/01/2024 as restricted stock units granted by the issuer in the same amount of 115,378 shares. By signing the notice, the seller represents they are not aware of any undisclosed material adverse information about the issuer’s current or prospective operations.
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FAQ
How many RIG shares are proposed to be sold under this Form 144?
The notice covers a proposed sale of 115,378 shares of common stock of the issuer with ticker RIG.
What is the aggregate market value of the RIG shares in this planned Rule 144 sale?
The aggregate market value of the shares listed for sale is $557,275.74.
How were the RIG shares being sold under Rule 144 originally acquired?
The 115,378 shares were acquired on 03/01/2024 as restricted stock units granted by the issuer.
Which broker is handling the proposed sale of RIG shares?
The planned sale is listed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York, NY 10004.
On which exchange are the RIG shares expected to be sold and when?
The notice indicates an approximate sale date of 01/26/2026 on the NYSE.
How many RIG shares were reported outstanding in this filing?
The filing lists 1,101,441,205 shares of common stock outstanding for the issuer.
What representation does the seller make about information on the issuer?
By signing, the seller represents they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.