U.S. Energy (USEG) Files Form 144 for 188,913-Share Sale via Schwab
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
- None.
Negative
- None.
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
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