[144] Lottery.com, Inc. SEC Filing
Lottery.com, Inc. (SEGG) filed a Form 144 indicating an insider’s intention to sell 148,266 common shares through Charles Schwab at an estimated aggregate value of $171,988.56. The proposed trade date is on or after 25 Jul 2025.
The shares equal roughly 3.1 % of the 4,780,380 shares outstanding and were received on 24 Jan 2024 as director-fee compensation. No other insider sales have been reported in the past three months. Rule 144 requires this advance notice but does not guarantee that the sale will occur.
Given the modest dollar size but meaningful percentage of the float, the filing could apply slight downward supply pressure and may be viewed as a mild negative signal for insider sentiment. The transaction is personal; the company will not receive any proceeds.
- Regulatory transparency: Company insiders are complying with Rule 144 disclosure requirements, providing investors advance notice.
- Limited dollar value: The proposed sale totals only about $172k, a small cash figure that is unlikely to meaningfully affect market liquidity.
- Insider intends to sell 148,266 shares (~3.1 % of outstanding), potentially adding selling pressure.
- Director monetization of stock received as fees could signal reduced confidence or need for liquidity.
Insights
TL;DR: Insider plans to unload 148k SEGG shares (~3 % float); dollar value small, sentiment slightly negative.
The filing shows a director intends to sell 148,266 shares, or about 3.1 % of outstanding equity, for roughly $172k. Although the cash value is immaterial, the relative share count is large enough to create incremental supply and may be interpreted as waning insider confidence. Lack of other recent sales and disclosure via Rule 144 lessen governance concerns. Overall impact is modest and unlikely to alter fundamentals, but traders should monitor execution dates and volumes.