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[144] Seanergy Maritime Holdings Corp. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144
Rhea-AI Filing Summary

Seanergy Maritime Holdings Corp. (SHIP) Form 144 summary: A holder intends to sell 6,000 shares of common stock through Morgan Stanley Smith Barney LLC, with an approximate aggregate market value of $47,894.40 and an indicated approximate sale date of 08/27/2025. The filing reports 20,374,165 shares outstanding. The shares were acquired on 10/24/2023 as restricted stock that vested under a registered plan, with the acquisition described as payment for services rendered. The filer reports no securities sold in the past three months. Several issuer identification fields in the filing are blank or not provided in the submitted content.

Positive
  • Full transaction detail provided: class, broker, number of shares, aggregate market value, approximate sale date are disclosed
  • Acquisition source documented: shares acquired 10/24/2023 through restricted stock vesting under a registered plan as payment for services
  • No recent sales: filer reports "Nothing to Report" for securities sold during the past three months
Negative
  • None.

Insights

TL;DR: Routine insider sale notice for 6,000 shares, acquired as compensation; size appears immaterial to outstanding stock.

The Form 144 discloses a proposed sale of 6,000 common shares valued at $47,894.40, scheduled through Morgan Stanley Smith Barney LLC. The shares were acquired via restricted stock vesting on 10/24/2023 as compensation for services, not a cash purchase. The filing also states no sales in the prior three months. Given the 20,374,165 shares outstanding, this proposed sale represents a negligible percentage of the float, so the direct market impact is likely minimal. Documentation gaps include missing issuer identification fields in the provided content.

TL;DR: Disclosure aligns with Rule 144 requirements: sale details, acquisition source, and broker are provided; some issuer details are omitted in the supplied text.

The notice specifies the class, broker, number of shares, market value, acquisition date and nature (restricted stock vesting under a registered plan) and that payment was for services, which addresses key compliance elements for a Rule 144 notice. The form states no securities sold in the past three months, reducing concerns about aggregated recent insider sales. The filing extract, however, omits several issuer-identifying fields; the completeness of the public filing should be confirmed to ensure full compliance and transparency.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does the Form 144 for SHIP disclose about the proposed sale?

The form discloses a proposed sale of 6,000 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $47,894.40 and an approximate sale date of 08/27/2025.

How were the 6,000 SHIP shares acquired?

The shares were acquired on 10/24/2023 via restricted stock vesting under a registered plan, and the transaction is described as payment for services rendered.

How many SHIP shares are outstanding according to the filing?

The filing indicates 20,374,165 shares outstanding.

Has the filer sold other SHIP securities in the past three months?

The filing states "Nothing to Report" for securities sold during the past three months.

Who is the broker handling the proposed SHIP sale?

The broker named is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.

Are there any missing issuer details in the provided filing content?

Yes. Several issuer-identifying fields (such as issuer name and SEC file number) appear blank or were not included in the supplied content.
Seanergy Maritime Hldgs Corp

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