June 2024 144 Market Report
Aggregated 144 Market Volume
The total reported value of Form 144s pursuant to Rule 10b5-1 rose 169% from May 2024 to June 2024. This staggering increase can partially be attributed to a 61% month-over-month rise in the number of planned shares registered for sale. In contrast, unplanned activity declined across the board: a 44% decrease in value, 48% fall in shares, and 46% decline in filings. When compared to June 2023, the total value of Form 144s increased 32% year-over-year, primarily driven by a substantial 205% increase in the value of Form 144s pursuant to Rule 10b5-1. In contrast, both the total number of filings and shares decreased since last year, with a corresponding fall in the number of discretionary Form 144 filings.
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Top 5 Brokers for June 2024
In June, Cowen rose through the ranks, claiming first place in value brokered due to its role in last month's largest filing (see next page). Goldman Sachs took second by value, due in part to their role in brokering a large filing at Dell Technologies (next page). JP Morgan ranked third in value, but took first for number of shares brokered last month. Morgan Stanley secured fourth place in value brokered and ranked first in number of filings. Finally, RBC rounded out June's top 5 brokers in fifth place.
Top Filers for June 2024
| Filer | Company | Broker | Value(M) | Shares(M) |
| Deutsche Telekom AG | T-Mobile - [TMUS] | Cowen & RBC | $5,801.5 | 32.11* |
| Michael Saul Dell | Dell Technologies - [DELL] | Goldman Sachs | $1,357.6 | 10.00 |
| Lilly Endowment Inc | Eli Lilly & Co - [LLY] | Fidelity & JP Morgan | $919.1 | 1.06 |
*Pursuant to Rule 10b5-1