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Veris Residential (VRE) Files Rule 144 to Sell 85,920 Shares on NYSE

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Veris Residential, Inc. (VRE) filed a Rule 144 notice to sell 85,920 common shares, with an aggregate market value of $1,384,970.26 based on the filing. The company reports 93,421,769 shares outstanding and lists the proposed sale date as 09/09/2025 on the NYSE. The shares to be sold were acquired in a series of open-market purchases in 2018, paid in cash, with individual acquisition dates ranging from May to October 2018. No securities were sold by the reporting person in the past three months. The filing includes the standard attestation that the seller is unaware of undisclosed material adverse information.

Positive

  • Full compliance with Rule 144 disclosure requirements including broker, number of shares, value, and planned sale date
  • Acquisitions were open-market purchases paid in cash, documented with acquisition and payment dates
  • No sales in the past three months by the reporting person, as stated

Negative

  • No material company information disclosed; filing is procedural and does not provide new operational or financial insight

Insights

TL;DR: Routine Rule 144 notification for an open-market sale of restricted/long-held common shares; procedural disclosure without new company events.

The filing documents a proposed disposition of 85,920 common shares via Morgan Stanley Smith Barney on the NYSE, with the holdings acquired through open-market purchases in 2018 and paid for in cash. The disclosure follows Rule 144 mechanics: it states the aggregate market value, outstanding share count, planned sale date, and confirms no recent sales in the prior three months. This is a compliance disclosure rather than an operational or financial update about the issuer.

TL;DR: Transaction appears procedural and non-material to company fundamentals given size relative to total shares outstanding.

The notice identifies a broker and sale parameters but contains no details indicating acceleration, insider liquidity event beyond the planned sale, or other material corporate developments. Acquisition records show multiple small open-market purchases in 2018, settled in cash. The filing includes the required certification about no undisclosed material adverse information. For investors, the filing primarily signals an individual selling previously acquired shares.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What does the Form 144 filed by VRE disclose?

The Form 144 discloses a proposed sale of 85,920 common shares valued at $1,384,970.26, a planned sale date of 09/09/2025, and that the sale will occur on the NYSE through Morgan Stanley Smith Barney.

How many Veris Residential (VRE) shares are outstanding according to the filing?

The filing reports 93,421,769 shares outstanding.

When and how were the shares being sold acquired?

The shares were acquired in multiple open-market purchases in 2018 and were paid for in cash, with acquisition dates between May and October 2018.

Did the filer report any securities sold in the past three months?

The filing states Nothing to Report for securities sold during the past three months.

Who is the broker named for the proposed sale in the Form 144?

The broker listed is Morgan Stanley Smith Barney LLC Executive Financial Services located at 1 New York Plaza, 8th Floor, New York, NY 10004.
Veris Residential Inc

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