Former Officer Mark J. Parrell Files Form 144 Notice to Sell $2.95M in Vivmark Residential

Executive Summary

On September 1, 2026, Mark J. Parrell, identified as a Former Officer & Director of VIVMARK RESIDENTIAL (CIK: 0000906107), submitted a Form 144 notice indicating an intention to sell 45,137 common shares with an estimated aggregate market value of $2,946,335.73 through Fidelity Brokerage Services LLC.

Transaction Details

• Security Class: Common
• Shares to be Sold: 45,137
• Aggregate Market Value: $2,946,335.73 (~$65.28 per share)
• Shares Outstanding: 374,944,409
• Percentage of Outstanding Shares: ~0.012%
• Acquisition Source: Acquired directly from the issuer via restricted stock vesting on August 31, 2026.
• Past 3-Month Sales: Sold 8,833 shares on August 26, 2026, for gross proceeds of $596,435.96.

Market Impact & Significance

• Trading Significance: Low
• Key Factors:
  1. The shares represent a tiny fraction (0.012%) of the company's 374.9M outstanding shares.
  2. The remarks clarify that the sale includes an amount necessary to cover tax withholding obligations resulting from recent equity award vesting.
  3. The filer is a former officer and director rather than an active corporate insider.