STOCK TITAN

Teekay Tankers director to sell $739K in shares

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

TEEKAY TANKERS LTD. (TNK) received a notice that director David Alfred Schellenberg intends to sell 7,445 shares of Class A common stock under Rule 144 through Morgan Stanley Smith Barney LLC. The planned sale has an indicated aggregate market value of approximately $738,916.25 as of September 15, 2026.

The shares relate to prior restricted stock vesting under registered plans on several dates between 2019 and 2023. No other securities sales by this person are listed for the prior three months in this notice.

Positive

  • None.

Negative

  • None.
Shares to be sold 7,445 shares Class A common stock covered by the Rule 144 notice
Aggregate market value $738,916.25 Value associated with 7,445 shares as of September 15, 2026
Acquisition 1 414 shares Restricted stock vesting under a registered plan on November 2, 2021
Acquisition 2 1,700 shares Restricted stock vesting under a registered plan on November 22, 2019
Acquisition 3 3,396 shares Restricted stock vesting under a registered plan on November 2, 2021
Acquisition 4 1,935 shares Restricted stock vesting under a registered plan on August 17, 2023
Planned sale date reference September 15, 2026 Date associated with the 7,445-share Rule 144 sale and signature
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock financial
"Restricted Stock Vesting Under a Registered Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Registered Plan financial
"Restricted Stock Vesting Under a Registered Plan"
A registered plan is a savings or investment account that a government recognizes for special tax treatment and rules, such as limits on how much you can put in and conditions for withdrawals. For investors it matters because those rules change how much of your gains are taxed, how quickly your money can be accessed and what strategies make sense — like a labeled jar that gives tax breaks but comes with rules about when and how you can take the money out.
Class A Common financial
"Class A Common | Morgan Stanley Smith Barney LLC Executive Financial Services"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for TNK?

It discloses that director David Alfred Schellenberg has notified of his intent to sell 7,445 shares of Teekay Tankers Ltd. Class A common stock under Rule 144, with an indicated aggregate market value of about $738,916.25 as of September 15, 2026.

How many Teekay Tankers (TNK) shares are planned to be sold?

The notice states an intended sale of 7,445 shares of Teekay Tankers Ltd. Class A common stock. This amount is associated with an indicated aggregate market value of approximately $738,916.25 as of September 15, 2026.

Who is selling Teekay Tankers (TNK) shares and through which broker?

The planned sale is for the account of director David Alfred Schellenberg. The broker listed is Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York, NY.

What is the approximate market value of the TNK shares covered by this Form 144?

The Form 144 lists an aggregate market value of about $738,916.25 for the 7,445 shares of Class A common stock covered by the notice, using market data as of September 15, 2026.

How were the Teekay Tankers (TNK) shares originally acquired?

The filing states the Class A common stock was acquired through restricted stock vesting under a registered plan on several dates including November 22, 2019, November 2, 2021, and August 17, 2023, all for cash consideration from the issuer.

Does this Form 144 show any TNK share sales in the past three months?

The section for securities sold during the past 3 months does not list any additional transactions for Teekay Tankers Ltd. shares by this person in this notice.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

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

Keep reading