STOCK TITAN

STNG (STNG) holder plans sale of 75,000 common shares under Rule 144

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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

  • None.

Negative

  • None.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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.

How many STNG shares are planned to be sold and what is their value?

The notice covers a proposed sale of 75,000 common shares with an aggregate market value of 5,244,063.37. This amount is calculated based on market prices at the time of the filing and indicates the potential dollar size of the transaction if fully executed.

How and when were the STNG shares being sold under Form 144 acquired?

The 75,000 common shares were acquired on 03/31/2023 as fully vested restricted stock issued on various dates under an equity incentive plan. The consideration for these shares was services rendered, meaning they were granted as compensation rather than purchased for cash.

Which broker will handle the planned STNG share sale and on what exchange?

The proposed Rule 144 sale will be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, located in New York. The filing lists the NYSE as the securities exchange where the common shares trade, indicating where the transactions are expected to occur.

How does the planned STNG share sale compare to shares outstanding?

The issuer reports 51,762,790 common shares outstanding. The Form 144 covers a proposed sale of 75,000 shares, giving investors a sense of the relative size of the transaction compared with the total equity base currently in the market.

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.