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crashtagteamracinggamecube| Form 144 |Related parties of L.US plan to sell 150,000 shares worth approximately US$11.6715 million

News 2024年05月09日 08:00 13 editor

According to documents disclosed by the Securities and Exchange Commission (SEC) on May 8th ESTCrashtagteamracinggamecube, $Los Inc. (lCrashtagteamracinggamecubeJonathan M. Tisch Family Foundation, a related party, intends to sell 150000 common shares on May 8, with a total market capitalization of approximately $11.6715 million.

In addition, Jonathan M. Tisch Family Foundation has reduced a total of 7962 shares in the company since February 7, 2024, with a total value of approximately $575400.

crashtagteamracinggamecube| Form 144 |Related parties of L.US plan to sell 150,000 shares worth approximately US.6715 million

Photo Source: SEC announcement

What is Form 144s?

The US Securities Act of 1933 Rule 144stipulates that related parties (major shareholders, executives and board members of listed companies who hold more than 10% of the shares of listed companies) and shareholders who obtain shares from related parties (such stocks are restricted or controlled securities) must follow strict disclosure procedures when selling such shares and must declare Form 144documents to SEC before selling.

Among them, the related party must hold the securities for at least six months, and the number of shares sold shall not exceed 1% of the total number of issued shares. Related parties are required to submit this form to SEC when the number of shares sold during any three-month period exceeds 5000 shares, or when the total market capitalization exceeds US $50, 000.

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