April 2026 144 Market Report
Aggregate 144 Market Volume
Last month, the total reported value of Form 144s fell 56% from March, accompanied by a 68% decrease in shares registered and a 48% drop in the number of filings. This overall slow-down is not surprising since April is typically a slow month due to pre-earnings blackout periods. When comparing April 2026 to April 2025, there was also a 82% rise in the value of Form 144s, driven by a 90% surge in value of discretionary filings. These increases in value were accompanied by year-over-year increases in the number of shares and filings, 35% and 43%, respectively. This rise in year-over-year market metrics across the board may indicate a return to normal following the unusually low 144 market activity last year, which may have been a reaction to tariff announcements in April 2025.
Top 5 Brokers for April 2026
Morgan Stanley once again claimed first place across the board, due in part to their role in brokering last month’s largest filing (see next page). Fidelity rose from their fourth place finish in March to second place for value this April while also taking second for the number of filings. Bank of America and JP Morgan dropped to the third and fourth place spots, respectively. Goldman Sachs remained in fifth place for value, but placed second for number of shares brokered.
Top Filers for April 2026
| Filer | Company | Broker | Value(M) | Shares(M) |
| West Clay Capital LLC | CoreWeave - [CRWV] | Morgan Stanley | $399.8 | 4.15* |
| OCI Chemicals BV | Methanex Corp - [MEOH] | Citigroup | $384.2 | 6.61 |
| Tech Infrastructure Reit LLC | Fundrise Innovation Fund LLC - [VCX] |
Jefferies |
$208.2 |
2.25 |
(*Pursuant to Rule 10b5-1)