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