Veris Residential (VRE) Form 144 Filed for 106,897-Share Sale
Rhea-AI Filing Summary
Form 144 notice shows a proposed sale of 106,897 shares of common stock of Veris Residential, Inc. (VRE) with an aggregate market value of $1,706,531.26. The sale is planned to occur on or about 09/12/2025 on the NYSE through Morgan Stanley Smith Barney LLC. The filing reports the issuer has 93,421,769 shares outstanding.
The shares to be sold were acquired in several open-market purchases in November 2018 in lots (e.g., 3,752; 25,052; 46,123; 29,203; 2,767) paid in cash. The filing also lists multiple sales of the issuer's common stock by entities named MIRELF VII US SECURITIES LLC and MIRELF VI REIT INVESTMENT II, LLC on 09/09–09/11/2025, with individual sale amounts ranging from 64,080 to 114,560 shares and gross proceeds per trade reported. The filer certifies no undisclosed material adverse information is known.
Positive
- Clear disclosure of the proposed sale amount (106,897 shares) and aggregate market value ($1,706,531.26).
- Brokered sale via Morgan Stanley Smith Barney LLC, suggesting an orderly transaction on the NYSE.
- Detailed acquisition history showing open-market purchases and cash payment, supporting Rule 144 compliance.
Negative
- None.
Insights
Routine Rule 144 disposition by an affiliated holder; limited market impact given size relative to float.
The notice documents a planned sale of 106,897 shares (~0.11% of the reported 93.4 million shares outstanding) via a recognized broker on the NYSE, indicating an orderly, brokered disposition under Rule 144. The lots were acquired in November 2018 via open-market purchases and paid in cash, which supports the filer’s compliance with holding-period requirements. Recent sales by related entities between 09/09 and 09/11/2025 show multiple sizable transactions, with gross proceeds reported for each trade, but the amounts are modest relative to total shares outstanding. Overall, this filing is procedural and informational for investors tracking insider/affiliate selling activity.
Disclosure is complete and conforms to Rule 144 requirements; no governance red flags in the notice itself.
The form provides required broker, acquisition, and sale-history details and includes the standard attestation about material nonpublic information. The use of a major broker and itemized acquisition dates/amounts indicates transparent reporting. Multiple related-entity sales in the immediately preceding days are disclosed, which investors may monitor, but the filing does not allege any undisclosed operational or governance issues. As a standalone document, it is a routine compliance filing rather than a governance event.
FAQ
What shares of VRE are proposed for sale under this Form 144?
What is the aggregate market value and planned sale date for the VRE shares?
Which broker and exchange will handle the VRE sale?
When were the shares being sold originally acquired?
Have related entities sold VRE shares recently?