Former Insider Mark J. Parrell Files Form 144 to Sell $1.93M in Vivmark Residential
VIVMARK RESIDENTIAL
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Filing Summary
Proposed sale of 29,693 Common shares ($1,930,045) by Former Officer & Director Mark J. Parrell via Fidelity Brokerage Services LLC, originating from a stock option exercise on 11/05/2026.
Comprehensive Analysis
Executive Summary
On November 5, 2026, Mark J. Parrell, a former officer and director of Vivmark Residential (CIK: 0000906107), filed a Form 144 notice disclosing an intention to sell 29,693 shares of Common Stock with an estimated aggregate market value of $1,930,045.00 (~$65.00 per share).
Transaction Details
- Security: Common Stock
- Shares Proposed for Sale: 29,693
- Aggregate Market Value: $1,930,045.00
- Approximate Sale Date: November 5, 2026
- Acquisition Source: Stock option exercise directly from the issuer for cash on November 5, 2026
- Broker: Fidelity Brokerage Services LLC
- Shares Outstanding: 374,944,409 (sale represents ~0.008% of outstanding shares)
Recent Trading Activity (Past 3 Months)
Mark J. Parrell has engaged in substantial dispositions over the trailing three-month period:
- 08/26/2026: 8,833 shares for gross proceeds of $596,435.96
- 09/01/2026: 45,137 shares for gross proceeds of $2,946,335.73
- 09/11/2026: 80,852 shares for gross proceeds of $5,310,874.09
Total sales during the preceding three months amount to 134,822 shares generating roughly $8.85M in gross proceeds.
Market Impact & Significance
Trading significance is evaluated as Low. The proposed transaction stems from a same-day cashless/cash stock option exercise by a former executive liquidating post-employment equity holdings. Given the seller's former relationship and the small percentage of total shares outstanding, this filing is unlikely to signal fundamental operational concerns.
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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.