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World Acceptance (WRLD) Rule 144 Notice: 3,389 Shares to be Sold on NASDAQ

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Form 144 notice for World Acceptance Corp (WRLD) records a proposed sale of common stock by a person whose shares vested under the issuer's registered plans. The filer reports 3,389 shares intended for sale through Morgan Stanley Smith Barney LLC on NASDAQ with an aggregate market value of $566,588.27 and approximately 5,445,788 shares outstanding. The reported shares were acquired in restricted stock vestings on various dates between 2016 and 2019 (amounts of 680, 660, 660, 630, 630 and 129 shares) and were paid as services rendered. The filer certifies no undisclosed material adverse information and indicates no securities sold in the past three months.

Positive

  • Rule 144 compliance filing completed with broker and sale details
  • Sources of shares disclosed: restricted stock vesting dates and amounts are listed
  • Filer certifies no undisclosed material adverse information

Negative

  • Insider sale proposed of 3,389 shares valued at $566,588.27, which may be viewed negatively by some investors

Insights

TL;DR: Insider proposes to sell 3,389 vested shares worth ~$566.6k; disclosure complies with Rule 144 resale requirements.

The filing documents a routine Rule 144 notice for the resale of restricted stock that vested from 2016 to 2019. The sale will be executed through Morgan Stanley Smith Barney LLC on NASDAQ and is presented as a compliance filing rather than a corporate operational disclosure. The aggregated value of the proposed sale is explicitly stated as $566,588.27 and the filer affirms no undisclosed material adverse information. There are no reported sales in the prior three months, suggesting this is an isolated planned sale rather than an ongoing selling program disclosed here.

TL;DR: The document is a formal, routine insider resale notice with standard representations and no new company operational facts.

This Form 144 provides required notice for resale of previously restricted shares acquired for services rendered. It includes acquisition dates and share counts by grant year, the broker name and intended exchange, and the filer's certification regarding material information. The filing does not include any statements about company performance, governance changes, or plan adoption dates. From a governance perspective, the filing demonstrates procedural compliance with federal resale rules but conveys no new governance or strategic developments.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does the WRLD Form 144 report?

The filing reports a proposed sale of 3,389 common shares of World Acceptance Corp through Morgan Stanley Smith Barney LLC on NASDAQ with an aggregate market value of $566,588.27.

When were the shares being sold originally acquired?

The shares were acquired via restricted stock vestings between 2016 and 2019, with individual grant amounts of 680, 660, 129, 660, 630, and 630 shares respectively.

Does the filing indicate any recent sales by the person?

The Form 144 explicitly states "Nothing to Report" for securities sold during the past three months.

What does the filer certify in the remarks section?

The filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed and notes the attestation regarding any Rule 10b5-1 trading plan if applicable.
World Accep Corporation

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