Veris Residential (VRE) Rule 144 Notice Shows Multiple September 2025 Dispositions
Rhea-AI Filing Summary
Veris Residential, Inc. (VRE) notice reports a proposed sale of 20,097 common shares by a person who acquired those shares in the open market on 11/21/2018 and paid cash on 11/23/2018. The sale is to be executed through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value listed at $311,909.46 and an approximate sale date of 09/17/2025. The filing also lists multiple common-share dispositions during September 2025 by related entities MIRELF VII US SECURITIES LLC and MIRELF VI REIT INVESTMENT II, LLC, showing individual sale amounts and gross proceeds, indicating active secondary selling by those entities.
Positive
- None.
Negative
- Proposed sale of 20,097 shares valued at $311,909.46 to be executed on 09/17/2025 through Morgan Stanley may add supply to the market.
- Multiple large dispositions in September 2025 by MIRELF VII US SECURITIES LLC and MIRELF VI REIT INVESTMENT II, LLC are listed, with individual transactions showing significant gross proceeds.
Insights
TL;DR Significant scheduled and recent block sales of VRE common shares by related entities may increase available supply in the near term.
The filing documents a proposed sale of 20,097 shares valued at $311,909.46 to be executed through Morgan Stanley on 09/17/2025. The record of numerous recent dispositions by MIRELF VII and MIRELF VI shows large daily blocks and material gross proceeds, demonstrating active liquidation by those entities over multiple September dates. From a market perspective, clustered selling from affiliated holders can pressure near-term liquidity and price discovery. This notice is procedural compliance with Rule 144 and provides transparent timing and execution details.
TL;DR Filing is a routine Rule 144 disclosure but highlights concentrated secondary sales by affiliated entities.
The form confirms the seller represents there is no undisclosed material adverse information and discloses acquisition and payment details for the 20,097 shares sold. The inclusion of many large sales by MIRELF VII US SECURITIES LLC and MIRELF VI REIT INVESTMENT II, LLC in September 2025 is notable from an ownership-transparency standpoint. While the filing does not state insider status or intent beyond the sales, the frequency and scale of disposals merit attention from governance and disclosure monitors.