nftcryptogames| Form 144 |Central Pacific Bank (CPF.US) directors plan to sell 9,999 shares worth approximately US$191,800

According to documents disclosed by the Securities and Exchange Commission (SEC) on April 12, ESTNftcryptogames, $Central Pacific Bank (CPF.US) $Director Ngo Agnes Catherine intends to sell 9.Nftcryptogames, 999 common sharesNftcryptogamesThe total market capitalization is about 191800 US dollars.

In addition, Ngo Agnes Catherine has reduced its stake in the company since January 12, 2024.Nftcryptogames999 shares with a total value of about $192800.

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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