[144] Veris Residential, Inc. SEC Filing
Form 144 filing for Veris Residential, Inc. (VRE) reports a proposed open-market sale of 30,592 common shares through Morgan Stanley Smith Barney with an aggregate market value of $473,157.29, targeting an approximate sale date of 09/18/2025 on the NYSE. The filer acquired these shares via an open-market purchase on 07/25/2018 and paid cash. The filing also lists multiple recent sales by affiliated entities on dates from 09/09/2025 to 09/17/2025, with individual gross proceeds ranging from approximately $232,632 to $1,846,956. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.
- Complete transaction disclosure including acquisition date, payment method, broker, and planned sale date
- Detailed history of recent sales by affiliated entities with amounts and gross proceeds, improving transparency
- Multiple large affiliate sales across several days could be perceived as notable selling pressure (disclosed amounts up to ~$1.85M)
- No 10b5-1 plan adoption date or additional context provided about the reason for the sales in the filing
Insights
TL;DR: Proposed sale is modest in value relative to institutional trades, but recent multiple-day disposals indicate active selling from affiliated entities.
The filing documents a planned sale of 30,592 shares valued at $473,157.29 executed through Morgan Stanley Smith Barney and acquired in 2018 by open-market purchase. The schedule of prior sales shows substantial daily disposals across two affiliated entities from 09/09/2025 to 09/17/2025 with gross proceeds per day up to roughly $1.85 million, indicating liquidity events rather than an isolated small transfer. For investors, these are disclosures of insider/affiliate selling activity without commentary on company operations. Impact rating: 0 (neutral) because the filing reports disposition activity but contains no operational or financial performance information.
TL;DR: Form 144 properly discloses proposed and recent sales; representations about absence of undisclosed material information are standard and present.
The notice provides required details: acquisition date (07/25/2018), method (open market), payment (cash), broker details, and dates/amounts of recent affiliate sales. Signature and attestation language regarding material adverse information and 10b5-1 plans are included but no plan adoption date is stated. This is a routine compliance disclosure documenting insider/affiliate securities sales. Impact rating: 0 (neutral) since it meets disclosure requirements and contains no governance concerns beyond routine selling.