Veris Residential (VRE) Files Form 144 for 42,491 Shares Valued $641,023
Rhea-AI Filing Summary
Veris Residential, Inc. filed a Form 144 reporting a proposed sale of 42,491 common shares with an aggregate market value of $641,023.06. The filing lists the approximate date of sale as 10/03/2025 and names Morgan Stanley Smith Barney LLC as the broker and NYSE as the exchange. The filing also discloses that the shares were originally acquired in an open market purchase on 07/27/2018 for cash.
The document includes a ledger of sales by related entities over the prior months showing multiple transactions between 09/09/2025 and 10/02/2025, each listing share counts and gross proceeds. The filing states there are 93,421,769 shares outstanding. The signer represents there is no undisclosed material adverse information related to the issuer.
Positive
- Clear disclosure of the proposed sale: 42,491 shares valued at $641,023.06
- Broker and exchange named: Morgan Stanley Smith Barney LLC and NYSE
- Acquisition method documented as Open Market Purchase on 07/27/2018 with cash payment
Negative
- Multiple recent sales by related entities are listed, including a sale of 114,560 shares on 09/11/2025 for $1,840,956.29, indicating ongoing dispositions
- Filing shows significant recent gross proceeds across several dates, such as $1,706,531.26 on 09/12/2025, which may be material to holders
Insights
TL;DR: Form 144 discloses a planned sale of 42,491 shares (value $641,023.06) and multiple recent insider-related sales.
The filing provides required disclosure for a proposed sale on 10/03/2025 through Morgan Stanley Smith Barney LLC on the NYSE. It records the acquisition method as an open market purchase on 07/27/2018 and confirms payment was in cash.
The schedule of prior sales lists numerous transactions from 09/09/2025 through 10/02/2025 with explicit share counts and gross proceeds, demonstrating recent execution of dispositions by affiliated entities. This is a compliance disclosure rather than narrative guidance; it documents executed and planned transfers as required under Rule 144.