VRE Form 144 Notice — Insider Sale of 85,920 Shares on NYSE
Rhea-AI Filing Summary
Form 144 notice for Veris Residential, Inc. (VRE) reporting a proposed sale of 85,920 common shares through Morgan Stanley Smith Barney on the NYSE, with an aggregate market value of $1,378,491.89. The filer shows those shares were acquired in October 2018 via open-market purchases (57,787 shares on 10/16/2018 and 28,133 shares on 10/15/2018) paid in cash. The filing also lists sales by related entities within the past three months: 64,080 shares (gross proceeds $1,032,924.74) and 85,920 shares (gross proceeds $1,384,970.29) on 09/09/2025. The filer certifies no undisclosed material adverse information and includes the standard signature and legal attestation language.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider/affiliate sale notice; transaction size is small relative to outstanding shares and appears procedural.
The Form 144 documents a proposed sale of 85,920 common shares valued at approximately $1.38 million, executed via a broker on the NYSE. Acquisition dates in 2018 and cash payment indicate these are long-held shares rather than recent grants. Recent related entity sales on 09/09/2025 are disclosed with gross proceeds, suggesting coordinated disposition activity but not necessarily material to capital structure given the 93,421,769 shares outstanding figure reported here. No earnings, covenant, or liquidity details are provided in this filing.
TL;DR: Filing follows Rule 144 disclosure conventions; attestation and broker details are present, with no red flags in form content.
The notice includes necessary elements: broker name and address, exact share counts, acquisition dates and methods, and recent sales by affiliated entities. The signer affirms absence of undisclosed material adverse information and includes standard criminal-statute warning. The filing does not provide any indication of undisclosed events or deviations from Rule 144 requirements; further context (e.g., insider role, affiliation specifics) is not included in this document.
FAQ
What does the Form 144 for Veris Residential (VRE) disclose?
When were the shares being sold originally acquired?
Are there recent related sales by affiliated entities?
How large is the proposed sale relative to outstanding shares?
Does the filer assert any undisclosed material information?