Veris Residential (VRE) Form 144 Discloses Multiple Affiliate Sales in Sept 2025
Rhea-AI Filing Summary
Veris Residential, Inc. (VRE) Form 144 notice of proposed sale. The filer notified intent to sell 41,018 shares of common stock through Morgan Stanley Smith Barney LLC on 09/18/2025. The securities were acquired in open market purchases on 11/21/2018 (12 shares) and 11/26/2018 (41,006 shares). The filing lists the issuer's outstanding shares as 93,421,769 and identifies the NYSE as the exchange.
The submission also discloses multiple recent sales by related entities (MIRELF VI REIT INVESTMENT II, LLC and MIRELF VII US SECURITIES LLC) on dates from 09/09/2025 to 09/17/2025, showing individual transaction sizes such as 114,560, 106,897, 85,440, and proceeds reported for each trade. The filer certifies no undisclosed material adverse information.
Positive
- Rule 144 disclosure appears complete with acquisition dates, broker, and sale details provided
- Filer represents no undisclosed material adverse information and includes required seller certification language
Negative
- Multiple large affiliate sales disclosed between 09/09/2025 and 09/17/2025 (examples: 114,560; 106,897; 85,440 shares) which may be noteworthy to shareholders
- Filing does not identify the specific filer CIK or person name in the provided content, limiting immediate identification of the selling party
Insights
TL;DR: Filing notifies a small proposed sale and discloses multiple recent affiliate sales with reported proceeds.
The Form 144 indicates a proposed sale of 41,018 common shares on 09/18/2025 via Morgan Stanley Smith Barney LLC, with the shares originally acquired in late November 2018 in open market purchases. The filing separately lists numerous recent sales by affiliated entities across 09/09–09/17/2025 with reported gross proceeds per trade. The filing follows Rule 144 mechanics by stating acquisition dates, nature of acquisition, and broker information. The disclosure includes the issuer's outstanding share count (93,421,769), which allows readers to gauge the relative size of the proposed sale.
TL;DR: Proper Rule 144 disclosure of insider/affiliate sales; multiple recent dispositions are documented.
The document presents the required seller representations and signature warnings and affirms the filer does not possess undisclosed material adverse information. It itemizes acquisition history and payment method (cash) for the securities to be sold. It also records a string of recent sales by entities named MIRELF VI and MIRELF VII with explicit trade dates, share counts, and gross proceeds—useful for compliance and ownership tracking. No additional corporate actions or material operational details are included in this notice.