FORM 144 - Glendale Securities, Inc. 2025

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The Rule of 144 is a variation of the well-known Rule of 72, which estimates how quickly an investment doubles. Instead, the Rule of 144 provides an estimate for when your investment will become 4 times its original value.
This Form must be filed with the SEC by an affiliate of the issuer as a notice of the proposed sale of securities in reliance on Rule 144 , when the amount to be sold under Rule 144 by the affiliate during any three-month period exceeds 5,000 shares or units or has an aggregate sales price in excess of $50,000.
What is SEC Form 144? Form 144 is a mandatory SEC filing for those intending to sell restricted or control securities. Restricted securities stem from private sales, whereas control securities belong to affiliates such as directors or large shareholders.
Form 144 must be filed with the SEC when theres an order to sell a companys stock during any three-month period in which the sale exceeds 5,000 shares or units or has an aggregate sales price greater than $50,000.
Form 144 filings indicate insider selling and therefore can trigger a bearish reaction in the underlying stock.

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Access, complete, and submit a Form 144 online using the EDGAR Online Forms Management Website. Detailed requirements for completing the fillable electronic Form 144 are available in Section 8.1. 5 of the EDGAR Filer Manual, Volume II. Alternatively, filers may submit a filer-constructed XML Form 144 on EDGAR.

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