Former Officer Robert Garechana Files Form 144 to Sell $321K in Vivmark Residential Stock
VIVMARK RESIDENTIAL
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Filing Summary
🚨 FORM 144 FILING: Vivmark Residential
Insider: Robert Garechana (Former Officer)
Proposed Sale: 4,919 Common Shares (~$321,089.70)
Approx. Sale Date: 2026-09-01
Broker: Fidelity Brokerage Services LLC
Significance: Low (Tax-related / Vested RSU liquidation by Former Officer)
Comprehensive Analysis
Form 144 Filing Overview: Vivmark Residential
Summary
Former Officer Robert Garechana filed a Form 144 notice proposing the sale of 4,919 shares of Common Stock of Vivmark Residential through Fidelity Brokerage Services LLC, with an aggregate market value of approximately $321,089.70 (approx. $65.28 per share).
Key Details
- Filer: Robert Garechana (Former Officer)
- Shares to be Sold: 4,919
- Aggregate Market Value: $321,089.70
- Securities Outstanding: 374,944,409 shares
- Approximate Sale Date: September 1, 2026
- Origin of Securities: Acquired on August 31, 2026 via Restricted Stock Vesting as compensation.
- Past 3 Months Activity: Sold 6,000 shares on August 18, 2026, for gross proceeds of $390,000.00.
- Remarks: The sale includes shares necessary to cover tax withholding obligations resulting from the vesting and settlement of equity awards.
Significance Assessment
This transaction is rated as Low Significance. The seller is a former officer, the shares represent a tiny fraction of the company's 374.9M outstanding shares, and the transaction is standard post-vesting liquidation to cover tax obligations.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.