Volato Director's Stock Sale Follows Recent Merger Acquisition Deal
Rhea-AI Filing Summary
Form 144 Notice filed by Nicholas Cooper, Director of Volato Group (NYSE: SOAR), indicating intent to sell 33,215 shares of common stock with an aggregate market value of $48,826 through Charles Schwab, planned for June 26, 2025.
Key transaction details:
- Shares were acquired on December 1, 2023, through a merger between Volato Inc and Volato Group
- Original acquisition was via cash purchase under founder agreement
- Total shares acquired in merger: 3,466,153
- Current outstanding shares: 1,921,921
- No other securities sold by the insider in the past 3 months
The filing includes standard Rule 144 representations that the seller has no knowledge of undisclosed material adverse information regarding the company. Shares will be sold through HOOP CAPITAL LLC.
Positive
- None.
Negative
- Director Nicholas Cooper plans to sell 33,215 shares (approximately $48,826 in value), though this represents less than 1% of his total holdings of 3,466,153 shares acquired from the December 2023 merger