September 2024 144 Market Report
Aggregate 144 Market Volume
In September 2024, the number of shares filed pursuant to Rule 10b5-1 rose 104% from the prior month, resulting in a 51% increase in total reported value of planned filings. Conversely, the value of discretionary Form 144s fell 23% month-over-month, with the number of filings declining by 46%. This decrease in discretionary filing may be the result of pre-earnings trading blackout periods. When comparing last month to September 2023, total value, shares filed, and number of filings increased across the board. Most notably, there was a year-over-year rise in total reported value of Form 144s of 97%, while the total number of filings and shares filed rose just 18% and 9%, respectively.
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Top 5 Brokers for September 2024
Goldman Sachs rose through the ranks to claim first in value brokered, due in part to their role in brokering two of September’s largest Form 144s (see next page). Bank of America was narrowly beaten out for the top spot, boosted by their role in brokering multiple of last month’s top filings. Morgan Stanley, first in number of filings, secured third place in value brokered. JP Morgan took fourth place, and Fidelity rounded out September's top 5 brokers in fifth place.
Top Filers for September 2024
| Filer | Company | Broker | Value(M) | Shares(M) |
| Michael Saul Dell | Dell Technologies - [DELL] | BofA/GS | $3,468.1 | 30.00 |
| Walton Family Holdings Trust | Walmart - [WMT] | Goldman Sachs | $1,544.6 | 20.00 |
| Rivendell 7 LLC | Palantir Technologies - [PLTR] | Bank of America | $907.7 | 24.35* |
*Pursuant to Rule 10b5-1