Since early April 2020, the SEC began accepting Form 144 filings digitally via email, however the number of filings disseminated has been lower than typically expected. Since email submission has been ongoing for over 12 months, we can resume our normal offering including YoY comparisons and broker rankings.
In March, the volume of Form 144 filings rose 18% from the prior month. As shown on the graph below, the value of 144 filings rose 21% from February, a larger increase than the average February-March increase of 15%. The value of 144s last month was also 107% higher than the value brokered in March 2020. Despite the rise in overall value of 144s brokered, the value of 10b5-1 filings fell 21% from February.
Goldman Sachs claimed the top broker title in March, due in part to brokering three of the month’s largest filings at WMT. Morgan Stanley took second place, and brokered the highest volume of filings in March. JP Morgan Chase, E*TRADE Financial, and UBS rounded out the rankings.
|Broker||Company||Insider||Value ($M)||Shares (M)|
|Goldman Sachs||Walmart [WMT]||Walton Alice L 2021 Ch Trust||$661||5.0|
|JP Morgan Chase||Vertiv Holdings Co [VRT]||VPE Holdings LLC||$364||17.4|
|Goldman Sachs||Walmart [WMT]||Walton Alice L 2021 Ch Trust||$333||2.5|