UIS (NYSE) affiliate files Form 144 to resell 110,000 shares via Fidelity
Rhea-AI Filing Summary
UIS submitted a Form 144 notice reporting proposed resale of 110,000 shares of Common Stock through Fidelity Brokerage Services LLC. The notice lists multiple tranches of restricted stock vesting on 07/23/2021, 02/25/2022, 02/28/2023, 02/26/2024, and 02/24/2025 with per‑tranche share counts disclosed.
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Insights
Form 144 is a routine affiliate resale notice under SEC rules.
Form 144 records an affiliate's plan to sell securities and provides broker and quantity details; here the broker is Fidelity Brokerage Services LLC and a total of 110,000 shares is shown. The listed vesting dates and share counts indicate the source of the shares being offered.
Cash‑flow treatment and timing of any actual trades are not detailed in the excerpt; subsequent broker filings or transaction reports would confirm execution.
Vested restricted shares are identified as the likely source of the resale.
The excerpt enumerates restricted stock vesting events with exact share counts on specific dates (e.g., 02/28/2023 — 40,161 shares). These entries explain the provenance of the shares covered by the notice.
Whether shares are sold, withheld for taxes, or retained is not specified in the provided text; execution details appear elsewhere.