STNG (STNG) holder plans sale of 75,000 common shares under Rule 144
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
An affiliate of the issuer has filed a notice of proposed sale of 75,000 shares of common stock under Rule 144. These shares have an aggregate market value of 5,244,063.37, based on recent prices, and are expected to be sold on or about 02/13/2026 through Morgan Stanley Smith Barney LLC on the NYSE.
The shares were originally acquired on 03/31/2023 as fully vested restricted stock issued on various dates under an equity incentive plan in consideration for services rendered. The filing notes that total shares of the issuer’s common stock outstanding are 51,762,790, providing context for the size of the planned sale.
Positive
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Negative
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FAQ
What does the Form 144 filing for STNG disclose?
The filing discloses a planned Rule 144 sale of 75,000 common shares with an aggregate market value of 5,244,063.37. The shares will be sold through Morgan Stanley Smith Barney LLC on the NYSE, providing advance notice of a potential secondary market transaction.
What type of security is covered by the STNG Form 144 notice?
The notice relates to the issuer’s common stock. All key details—such as the 75,000 shares to be sold, market value of 5,244,063.37, acquisition method, and trading venue (NYSE)—are tied specifically to this class of common equity.