October 2024 144 Market Report
Aggregate 144 Market Volume
The total reported value of Form 144s fell 62% from September to October, accompanied by a decrease in the number of shares registered and number of filings. Most notably, the value of discretionary filings dropped 73%, which may be due in part to pre-earnings blackout periods. On the other hand, when comparing October 2024 to October 2023, the value of 144s rose 72%, with both shares registered and number of filings increasing 60% over last year. The change was largely due to a 135% increase in the value of filings pursuant to Rule 10b5-1, underscoring the reliance on 10b5-1 plans during these periods of trading restriction.
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Top 5 Brokers for October 2024
In October, Morgan Stanley took first place in all three categories, due in part to their role in brokering October’s top two Form 144s by value, as detailed on the next page. JP Morgan took second place for total value brokered, followed closely behind by Goldman Sachs. Goldman also claimed second place for number of shares brokered. Bank of America secured fourth place in value brokered, with Fidelity taking fifth place.
Top Filers for October 2024
| Filer | Company | Broker | Value(M) | Shares(M) |
| HM Treasury | NatWest Group plc - [NWG] | Morgan Stanley | $384.5 | 41.53 |
| Alexander C. Karp | Palantir Technologies - [PLTR] | Morgan Stanley | $251.6 | 5.66* |
| Abingworth Bioventures VII LP | Soleno Therapeutics - [SLNO] | BTIG | $176.6 | 3.47* |
*Pursuant to Rule 10b5-1