SION Form 144 Filed for 11,468 Common Shares Valued $331,884
Rhea-AI Filing Summary
Sionna Therapeutics (SION) submitted a Form 144 notice indicating a proposed sale of 11,468 common shares through Merrill Lynch in San Francisco. The filing lists an aggregate market value of $331,883.92 and shows 44,139,823 shares outstanding for the issuer. The shares were originally acquired by private placement from the issuer on 03/04/2024 and were paid in cash on that date. The filing states the approximate sale date as 09/29/2025 and names NASDAQ as the exchange. No securities were reported sold in the past three months.
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Insights
TL;DR: Form 144 notifies a planned sale of 11,468 common shares valued at $331,883.92, acquired via private placement on 03/04/2024.
The filing documents a proposed sale through Merrill Lynch on NASDAQ with an approximate sale date of 09/29/2025. It discloses acquisition details showing the shares came from a private placement and were paid for in cash on 03/04/2024. The filer reports no sales in the prior three months. From a disclosure standpoint, the notice meets Rule 144 presentation requirements by naming broker, share count, market value, acquisition date and payment method.
TL;DR: The Form 144 provides required seller and transaction details but contains no additional context on insider status or trading plan.
The form affirms the seller represents no undisclosed material adverse information and includes standard cautions about misstatements. It notes the securities were acquired in a private placement and will be sold via Merrill Lynch on NASDAQ. The filing does not include any plan adoption date or 10b5-1 plan specifics, and it reports no securities sold in the past three months.