USEG Form 144: Insider Sale of 188,913 Shares Worth $217,250
U.S. Energy Corp. (USEG) filed a Form 144 notifying the proposed sale of 188,913 common shares, with an aggregate market value of $217,249.95.
Rhea-AI Filing Summary
U.S. Energy Corp. (USEG) filed a Form 144 notifying the proposed sale of 188,913 common shares, with an aggregate market value of $217,249.95. The shares represent part of an outstanding base of 34,023,549 shares and are to be sold through Charles Schwab & Co. on the Nasdaq with an approximate sale date of 09/04/2025. The filer acquired these shares on 01/28/2021 as board fees from the issuer and the consideration was paid in cash. The filing reports no securities sold in the past three months by the account for which this notice is filed. The notice includes the standard attestation that the seller is not aware of undisclosed material adverse information about the issuer.
Positive
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Negative
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Insights
TL;DR: Insider plans to sell 188,913 shares (~$217k) acquired as board fees; transaction appears routine and disclosed.
The Form 144 documents a proposed sale executed through Charles Schwab with clear acquisition details: shares were received as board fees on 01/28/2021 and paid in cash. The filing states no sales in the prior three months, which suggests this is a discrete, planned disposition rather than ongoing frequent selling. Given the disclosed size relative to total outstanding shares (information provided in the filing), the document serves its regulatory purpose by providing counterparties and market participants with transparency about the intended sale.
TL;DR: Disclosure is complete for a Rule 144 notice; the seller attests to absence of undisclosed material information.
The form includes the required representations and acquisition history (board fees), plus broker and planned sale date details. The attestation about lack of material nonpublic information is included but the filing does not supply the actual notice date or signatures within the provided text. From a governance perspective, this is a standard insider disclosure meeting Rule 144 notice requirements as presented.
FAQ
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Does the filing report other sales by the same person in the past three months?
What is the approximate sale date listed in the Form 144?
AI-generated analysis. How Rhea-AI works. Not financial advice.