PSA: Form 144 requires that there is a minimum holding period of 6 months. Ryan Cohen has only been holding for 4. He did not sell. Fake news
It’s potential intent to sell, not any official transaction. He can also not choose to sell and fill out another form within 90 days.
*Edit I’ve done some more digging and here’s what I’ve found. I think he’s filed this because he’s recently been changed from an institutional investor to an insider, and thus as an insider he has to file this form in order to maintain the ability to sell when he wants.
Insider status source: https://bedbathandbeyond.gcs-web.com/static-files/52e1b74d-de71-4866-ab9d-b8e7b5c35d52
This is why we didn’t see a form 144 from the institutional investor, FCM holdings, who dumped earlier this week.
*2nd edit in case you smooth brains need more reassurance.
Definition of an insider includes an individual who owns more than 10%. Source: https://www.investopedia.com/terms/i/insider.asp
Despite owning the same amount of shares, the float decreased which is why he had to file again to show a greater than 10% stake, and then file a form 144 to have the ability sell since he is considered an insider at that position.
Another Alternate source stating that the purpose of 144 is for insiders: https://washingtonservice.com/insights/form-144-filings/
*last edit: Ryan Cohen bought in with a vision. He struck a deal to get 3 board seats and promptly kicked out the deadbeat CEO tritton. If he were this paper handy, he would’ve never been as successful as he’s become. And then you have his meme tweet about the bbby’s lady’s cart being full lol. Stay strong my friends.
Submitted August 17, 2022 at 10:14PM by Hobbitlord_