Former Officer Robert Garechana Files Form 144 to Sell $1.59M in Vivmark Residential Stock

Vivmark Residential (Form 144 Analysis)

Transaction Overview

• Filer: Robert Garechana
• Role: Former Officer
• Proposed Sale Date: September 24, 2026
• Volume & Value: 26,000 common shares valued at an aggregate market value of $1,594,320.00 (~$61.32 per share).
• Broker: Fidelity Brokerage Services LLC

Source of Securities

The shares slated for sale originate from multiple tranches acquired over time, including:

• Compensation & Restricted Stock Vesting: 8,659 shares on 09/22/2026, 6,202 shares on 08/31/2026, 4,628 shares on 02/09/2026, 1,051 shares on 02/12/2024, 3,176 shares on 02/13/2023, 1,924 shares on 02/12/2021, and 123 shares on 02/04/2019.
• ESPP Purchases: 237 total shares accumulated via employee stock purchase plans between May 2018 and November 2019.

Recent Selling Activity (Past 3 Months)

Robert Garechana has completed three prior sales in the preceding three months:

• 08/18/2026: 6,000 shares for $390,000.00
• 09/01/2026: 4,919 shares for $321,089.70
• 09/21/2026: 1,602 shares for $105,091.20

Trading Significance

• Significance Level: Low
• Context: The proposed disposition of 26,000 shares represents less than 0.01% of the company's 374,944,409 shares outstanding. Given the filer's status as a former officer and the systematic disposition of recently vested compensation and historical holdings, this filing appears to be part of routine post-employment liquidation rather than a directional signal on company fundamentals.