According to the disclosure by the Securities and Exchange Commission (SEC) on May 15th US Eastern timeAbugarciacardinalc3spinningreelFile, $Fox Company-B (FOXAbugarciacardinalc3spinningreel(us) $, $Fox-A (FOXA.US) $related party Keith Rupert Murdoch intends to sell 13200 common shares on May 15, with a total market capitalization of approximately $407900.
Photo Source: SEC announcement
What is Form 144?Abugarciacardinalc3spinningreel?
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. The number of shares sold by related parties in any three-month period is more than 5.Abugarciacardinalc3spinningreelThis form should be submitted to SEC when the total market capitalization exceeds US $50, 000.
