May 2026 144 Market Report
Aggregate 144 Market Volume
This May, the total reported value of discretionary 144s surged nearly 650% from April, accompanied by month-over-month rises in the number of non-planned shares and filings of almost 400% and 200%, respectively. These increases are in-line with those from years past, as from April to May, companies release the holds on trading during blackout periods. When comparing May 2026 to May 2025, the total number of shares fell, due to a 24% drop in the number of discretionary shares registered for sale. On the other hand, the total value and number of filings rose 12% and 10%, respectively. Additionally, the proportion of 10b5-1 filings remained unchanged year-over-year, while discretionary filings increased 16%.
Top 5 Brokers for May 2026
Once again, Morgan Stanley claimed first for value, number of shares, and number of filings this May. Goldman Sachs rose through the ranks to claim second for value, due in part to the role in brokering last month’s largest filing (see next page). JP Morgan climbed to third for both value and number of shares. Bank of America dropped to fourth place for value brokered, but took second for number of shares. Fidelity placed second for number of filings, but fell to fifth place for value.
Top Filers for May 2026
| Filer | Company | Broker | Value(M) | Shares(M) |
|
Walton Family Holdings Trust |
Walmart - [WMT] | Goldman Sachs | $2,405.4 | 20.00 |
| Mubadala Technology Investment Co | GlobalFounderies - [GFS] | Morgan Stanley | $1,979.1 | 22.00 |
| ECG II SPE LLC | Carvana Co - [CVNA] | Citigroup | $1,583.2 | 4.00 |