TraK (TRAK) insider files notice to sell 18,906 common shares on NYSE
Rhea-AI Filing Summary
TraK (TRAK) insider plans to sell common stock under Rule 144. A notice was filed for the proposed sale of 18,906 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $248,878.58, on or about 12/23/2025 on the NYSE. The issuer has 18,288,455 shares of this class outstanding. The shares to be sold were acquired between 2013 and 2015, mostly as restricted stock vesting under a registered plan in exchange for services, plus an open market purchase for cash. Over the past three months, the same seller disposed of 1,641 common shares for gross proceeds of $21,658.08. The seller represents that he is not aware of undisclosed material adverse information about the issuer.
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FAQ
What does the TRAK Form 144 filing disclose?
The filing discloses that an insider intends to sell 18,906 shares of TRAK common stock under Rule 144, with an aggregate market value of $248,878.58, through a broker on the NYSE.
How many TRAK shares are outstanding compared to the planned sale?
The filing states that there are 18,288,455 TRAK common shares outstanding. The planned sale of 18,906 shares is a small fraction of this outstanding amount.
Who is selling TRAK shares and how were they acquired?
The seller is identified as Ronald C. Hodge. The shares were acquired between 2013 and 2015, primarily as restricted stock vesting under a registered plan as compensation for services, plus one open market purchase for cash.
What prior TRAK share sales are reported in the last three months?
Over the past three months, the filing reports that 1,641 TRAK common shares were sold for gross proceeds of $21,658.08 by the same seller.
On which exchange and through which broker will the TRAK shares be sold?
The notice indicates the 18,906 TRAK common shares are proposed to be sold on the NYSE through Morgan Stanley Smith Barney LLC Executive Financial Services.
Does the TRAK insider make any representation about undisclosed information?
By signing the notice, the seller represents that he does not know any material adverse information about the issuer that has not been publicly disclosed, consistent with Rule 144 requirements.