Veris Residential (VRE) Form 144 Filed for 42,960-Share Sale
Rhea-AI Filing Summary
Veris Residential, Inc. (VRE) Form 144 notice reports a proposed sale of 42,960 common shares through Morgan Stanley Smith Barney with an aggregate market value of $647,471.64, with an approximate sale date of 10/01/2025 on the NYSE. The filing shows the shares were acquired in two open-market purchases on 11/26/2018 (8,694 shares) and 12/04/2018 (34,266 shares), paid in cash. The filing also lists the issuer's outstanding common shares as 93,421,769. The document discloses multiple prior common-share sales during September 2025 by entities named MIRELF VI REIT INVESTMENT II, LLC and MIRELF VII US SECURITIES LLC, with individual transaction sizes and gross proceeds itemized.
Positive
- Securities to be sold were originally acquired in open-market purchases (11/26/2018 and 12/04/2018) and were paid in cash.
- Filing provides detailed prior-sale history with specific share counts and gross proceeds for multiple September 2025 transactions, enhancing transparency.
Negative
- Multiple sizable sales in September 2025 by MIRELF VI and MIRELF VII are disclosed, which could indicate recent selling activity by related entities (details are listed in the filing).
Insights
TL;DR Proposed sale of 42,960 VRE shares (~$647K) is a routine Form 144 notice following past September sales by related entities.
The filing documents a planned transaction through Morgan Stanley Smith Barney for 42,960 common shares valued at $647,471.64, representing a small fraction of the 93,421,769 shares outstanding. Acquisition history shows these shares were bought in the open market in late 2018 and paid in cash. The schedule of prior sales in September 2025 by MIRELF VI and VII lists multiple sizable dispositions with detailed share counts and gross proceeds, indicating active selling by those entities in the recent period. The filing does not provide the identity of the filer beyond broker details nor any statements about intent beyond the mechanics of the proposed sale.
TL;DR This is a compliance filing showing proposed disposition and prior sales; materiality appears limited given overall share count.
The Form 144 meets regulatory disclosure for proposed insider/affiliate sales, showing method of sale, acquisition dates, and payment method for the shares to be sold. The document itemizes multiple prior sales in September 2025 with gross proceeds per transaction, which supports transparency on recent dispositions. The filing lacks contextual details such as filer identity or any trading plan dates; it is therefore descriptive rather than explanatory. From a governance perspective, the record is procedural and compliant with Rule 144 reporting requirements.