Form 144: Morgan Stanley to Broker Sale of 5,844 RNR Shares on NYSE
Rhea-AI Filing Summary
RenaissanceRe Holdings filed a Form 144 reporting a proposed sale of 5,844 common shares with an aggregate market value of approximately $1,405,397.85. The sale is to be effected through Morgan Stanley Smith Barney LLC Executive Financial Services on the NYSE with an approximate sale date of 08/12/2025. The shares to be sold were issued as restricted stock and vested in multiple tranches between 2010 and 2013, which together total the 5,844 shares listed. The issuer has 47,066,214 shares outstanding, and the filing includes the standard attestation that the seller is not aware of undisclosed material adverse information.
Positive
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Negative
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Insights
TL;DR: Routine insider sale — 5,844 shares (~$1.4M); immaterial relative to 47M outstanding, limited market impact.
The Form 144 discloses a proposed sale of 5,844 common shares valued at about $1.405M through Morgan Stanley on the NYSE. The shares originate from restricted stock vesting events between 2010 and 2013 and exactly equal the amount listed for sale, indicating no other recent disposals in the past three months. Given the issuer's 47,066,214 shares outstanding, the sale represents a de minimis percentage of the float and is unlikely to move market pricing. This is a compliance disclosure under Rule 144 rather than a material corporate event.
TL;DR: Form 144 shows an insider selling vested restricted stock; filing and attestation are standard governance procedures.
The notice lists multiple vesting dates and quantities that sum to the 5,844 shares offered for sale, demonstrating the sale is of previously granted compensation equity rather than newly issued stock. The broker is identified as Morgan Stanley Smith Barney LLC Executive Financial Services, and the filer makes the routine attestation regarding absence of undisclosed material adverse information. From a governance perspective this is a standard disclosure with no apparent red flags in the filing itself.