Due to a continued disruption in the dissemination of Form 144 filings from the SEC, we will not be able to
release the normal 144 Market Data Report this month. Form 144’s are normally received by the SEC on paper
and disseminated via the Public Reference Room. Due to social distancing requirements, no filings have been
released from the Public Reference Room since April 3. In April, the SEC started accepting Form 144 filings
digitally via email, but the number of filings received and disseminated has been lower than in previous periods.
As shown on the chart below, the volume of Form 144 filings in June has fallen by approximately 8% from the
prior month, as compared to the historical average May-June decline of 17%. The number of disseminated filings
last month was reduced by over 40% compared to June 2019. Based on these metrics, The Washington
Service is estimating that the filings released so far constitute only about 60% of the expected filings for the
month of June.
Given the absence of a significant portion of the expected filings, we do not have enough information about the
market to provide our normal Broker Ranking assessment.
|Broker||Company||Insider||Value ($M)||Shares (M)|
|Morgan Stanley||Alibaba Group [BABA]||PMH Holding Ltd||$889||3.9|
|Goldman Sachs||Alibaba Group [BABA]||Ying Capital Ltd||$444||2.0|
|Goldman Sachs||Alibaba Group [BABA]||Yun Capital Ltd||$444||2.0|