Insider notice: 8,155 and 12,140 RSUs to be sold via Schwab
Rhea-AI Filing Summary
Verb Technology Company, Inc. (VERB) filed a Form 144 proposing the sale of 20,295 shares of common stock with an aggregate market value of $337,708.80. The filing names Charles Schwab as the broker and NASDAQ as the exchange, and reports 1,897,955 shares outstanding. It lists the securities as acquired by RSU vesting on 11/07/2024 (8,155 shares) and 01/07/2025 (12,140 shares). The form states Nothing to Report for securities sold in the past three months and includes the standard signature representation regarding material information.
The filing shows an approximate sale date of 08/13/2024, which is inconsistent with the later RSU vesting dates, and the visible contact/signature date fields are not provided in the content.
Positive
- Form 144 filed, providing public notice of the proposed sale and identifying broker (Charles Schwab) and exchange (NASDAQ)
- Filer reports no securities sold in the past three months (Nothing to Report)
Negative
- Internal date inconsistency: approximate sale date listed as 08/13/2024 while acquisition dates are 11/07/2024 and 01/07/2025
- Contact and signature date fields are not provided in the visible content, reducing disclosure clarity
Insights
TL;DR: Proposed sale of 20,295 shares (aggregate $337,708.80) is modest in size; date inconsistencies reduce clarity for market interpretation.
The filing discloses a proposed sale of 20,295 common shares via Charles Schwab on NASDAQ with an aggregate market value of $337,708.80. Against the reported 1,897,955 shares outstanding, the shares offered represent a small fraction of the float. The notice lists acquisitions as RSU vesting on 11/07/2024 (8,155 shares) and 01/07/2025 (12,140 shares), yet shows an approximate sale date of 08/13/2024, creating an internal timing inconsistency. From a trading-impact perspective, the size is modest; however, the date discrepancy and absent contact/date details limit clarity for investors and trading desks assessing timing.
TL;DR: Form 144 shows compliance with disclosure requirements but contains missing or inconsistent timing and contact details that weaken transparency.
The document fulfills the Rule 144 notice function by identifying the class, broker, exchange, number of shares, and stated acquisition method (RSU vesting). It also reports no sales in the prior three months. However, the inconsistent chronology between the 08/13/2024 approximate sale date and the RSU vesting dates, plus the lack of visible filer contact and a dated signature in the presented content, raises governance and disclosure completeness questions. These issues may prompt requests for clarification from compliance teams or SEC staff.