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