Voip-pal.com (VPLM) files Form 144 for 36.8M-share proposed sale

Rhea-AI Filing Summary

Voip-pal.com Inc (VPLM) filing a Form 144 notifies the market of a proposed sale of 36,773,055 common shares on or about 09/16/2025 through the OTC market (OTC ID) with an aggregate market value of $478,000. The shares were acquired by the seller as a gift on 12/06/2021 from Emil Malak, who originally acquired the donated shares on 12/04/2018. The filing reports no sales in the past three months by the selling person.

The form includes the seller’s representation that they are not aware of undisclosed material adverse information about the issuer. Key administrative details such as the filer CIK, the filer relationship to the issuer, and contact information are not provided in the document excerpt.

Positive

• Regulatory compliance: Filing of Form 144 provides transparency about a proposed sale under Rule 144
• Clear acquisition history: The filing documents that the shares were acquired as a gift on 12/06/2021 from Emil Malak

Negative

• Large block proposed for sale: 36,773,055 shares proposed, which could add near-term selling supply
• Missing filer details: The excerpt does not provide the filer CIK or explicit relationship to the issuer, limiting clarity on insider status

Insights

Securities Analyst

TL;DR: Routine Rule 144 notice of a large proposed share sale; informative for supply-side monitoring but not an earnings event.

The Form 144 signals that a block of 36.8 million shares will be offered under Rule 144, valued at about $478k, and that these shares were acquired by gift in 2021 from Emil Malak. This is primarily a disclosure of intent to sell and does not itself indicate a sale has occurred. For investors, the filing updates potential near-term sell pressure and beneficial ownership changes, but it lacks contextual details on the seller’s ownership percentage or any planned tranche sizes and timing beyond the approximate sale date.

Corporate Governance Expert

TL;DR: Compliance-focused filing that documents disposition intent and the seller’s certification about material information.

The notice satisfies Rule 144’s advance notice requirement by disclosing acquisition provenance (a gift) and the approximate sale date. The seller’s signed representation that no undisclosed material adverse information exists is standard and important for market integrity. The filing excerpt omits the filer’s CIK and stated relationship to the issuer, which are governance-relevant details investors may seek to confirm the filer’s insider/status.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON	WILSON DAVIS &CO 236 S MAIN STREET SALT LAKE CITY UT 84101	36773055	478000.00	3677305519	09/16/2025	OTC ID

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON	12/06/2021	GIFT	EMIL MALAK		12/04/2018	127590142	12/06/2021	GIFT

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Voip-pal.com Inc's (VPLM) Form 144 disclose?

The Form 144 notifies the proposed sale of 36,773,055 common shares on or about 09/16/2025 with an aggregate market value of $478,000.

Who acquired the shares being sold in the VPLM Form 144?

The filing states the shares were received as a gift on 12/06/2021 from Emil Malak; donor acquired them on 12/04/2018.

Has the filer sold any Voip-pal.com (VPLM) shares in the past three months?

The Form 144 indicates Nothing to Report for securities sold during the past three months by the person for whose account the securities are to be sold.

Through which market will the VPLM shares be sold?

The filing lists the exchange as OTC ID, indicating the shares are expected to trade over the counter.

Does the filing state whether there is undisclosed material information about VPLM?

The seller represents by signing the notice that they do not know of any material adverse information about the issuer that has not been publicly disclosed.