TE Files Form 144 to Sell 1.69M Shares; Acquired in 2021 Merger
Rhea-AI Filing Summary
T1 Energy Inc. (TE) submitted a Form 144 notifying the proposed sale of 1,690,000 common shares through J.P. Morgan Securities LLC on or about 09/10/2025. The filing reports an aggregate market value of $3,278,600 for the shares and total shares outstanding of 155,938,092. The shares were acquired on 07/09/2021 via conversion of private shares to public shares in the merger that took the company public (formerly FREYR Battery). The filer attests they are unaware of any undisclosed material adverse information and declares no sales of the issuer's securities by the filer in the past three months.
Positive
- Full disclosure of proposed sale: number of shares, aggregate value, broker, and planned sale date are provided
- Clear provenance of shares: acquisition date and conversion in the 2021 merger are stated
- Brokered through a major firm: J.P. Morgan Securities LLC is listed as executing broker
Negative
- Proposed insider sale: 1,690,000 shares are being offered, which could increase available supply
- Limited contextual details: filer’s role/title and motivation for the sale are not provided in the form
Insights
TL;DR: Insider proposes sale of 1.69M shares (~1.08% of outstanding); transaction is disclosed and will be brokered by J.P. Morgan.
The filing transparently discloses the planned sale amount, broker, acquisition history and that no other sales occurred in the past three months. For investors, the key facts are the size of the proposed sale and its public routing through a major broker, which reduces execution uncertainty. The filing includes the filer’s representation of no undisclosed material information, which is standard for Rule 144 notices. This document alone does not show finalized trades or market impact, only the intent to sell under Rule 144.
TL;DR: Governance disclosure meets Form 144 requirements; the provenance of shares (conversion in 2021 merger) is clearly stated.
The form specifies that the shares were received via conversion tied to the corporate transaction that took the company public, which clarifies the filer’s holding origin and supports Rule 144 eligibility assertions. The notice includes the statutory attestation about material nonpublic information, preserving compliance norms. The filing does not provide details on the seller’s role or insider status beyond acquisition method, so governance implications are limited to the disclosed facts.