SHIP (SHIP) insider plans 15,000-share stock sale via Morgan Stanley
Rhea-AI Filing Summary
SHIP reports a planned sale of common stock under a Form 144 notice. A holder intends to sell up to 15,000 shares of common stock through Morgan Stanley Smith Barney LLC, with an indicated aggregate value of $257,890.50. These shares were acquired as restricted stock vesting under a registered plan on October 24, 2023 as compensation for services rendered.
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Key Figures
Shares planned for sale: 15,000 shares
Aggregate value of shares: $257,890.50
Shares acquired via vesting: 15,000 shares
3 metrics
Shares planned for sale
15,000 shares
Common stock to be sold under Form 144 through Morgan Stanley Smith Barney LLC
Aggregate value of shares
$257,890.50
Indicated aggregate market value for the 15,000 common shares to be sold
Shares acquired via vesting
15,000 shares
Restricted stock vesting under a registered plan on October 24, 2023
Key Terms
Form 144, restricted stock vesting, registered plan, services rendered
4 terms
Form 144 regulatory
"reports a planned sale of common stock under a Form 144 notice"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
restricted stock vesting financial
"acquired as restricted stock vesting under a registered plan"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
registered plan financial
"restricted stock vesting under a registered plan on October 24, 2023"
A registered plan is a savings or investment account that a government recognizes for special tax treatment and rules, such as limits on how much you can put in and conditions for withdrawals. For investors it matters because those rules change how much of your gains are taxed, how quickly your money can be accessed and what strategies make sense — like a labeled jar that gives tax breaks but comes with rules about when and how you can take the money out.
services rendered financial
"acquired as compensation for services rendered by the holder"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stock sale is disclosed for SHIP in this Form 144 filing?
The filing discloses a planned sale of up to 15,000 common shares of SHIP. The shares are to be sold through Morgan Stanley Smith Barney LLC with an aggregate value of $257,890.50 based on the information provided.
Does the Form 144 for SHIP report other stock sales in the past three months?
The Form 144 provides a section for securities sold during the past 3 months, but the available data does not list additional sales. The primary disclosure concerns the planned sale of 15,000 shares of common stock.