STIM files Form 144 for proposed sale of 192,806 shares on NASDAQ
Rhea-AI Filing Summary
Neuronetics, Inc. (STIM) filed a Form 144 reporting a proposed sale of 192,806 common shares with an aggregate market value of $717,238.32. The filing states the sale is expected on or about 08/08/2025 on NASDAQ and lists Morgan Stanley Smith Barney LLC as the broker. The shares were acquired on 12/10/2024 in a merger/acquisition transaction from the issuer and were paid for in cash. The filing reports 66,124,820 shares outstanding and notes Nothing to Report for sales in the past three months.
Positive
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Insights
TL;DR: Routine Form 144 disclosure; proposed sale disclosed and appears limited in size.
The Form 144 provides standard Section 144 disclosure of a proposed sale of 192,806 shares valued at $717,238.32. It notes the shares were acquired on 12/10/2024 in a merger/acquisition and paid in cash. The filing identifies the executing broker and an approximate sale date of 08/08/2025. There are no reported sales in the prior three months. Based solely on the filing, this is a routine notification meeting Rule 144 requirements.
TL;DR: Disclosure aligns with Rule 144; no immediate governance concerns evident from this notice.
The notice documents provenance of the shares (acquired from the issuer in a merger/acquisition) and includes the required representations about material nonpublic information. The broker and expected execution venue are specified. Because the filing contains no additional disclosures of insider transactions or recent sales, it does not by itself indicate governance issues. The filing should be viewed as a compliance disclosure tied to a planned sale.