September 2023 144 Market Report
Aggregate 144 Market Volume:
In September 2023, the total reported value of Form 144s decreased 1% from August, as contrasted by the 81% increase in value reported pursuant to Rule 10b5-1. This month-over-month rise in value under plans was also accompanied by a 110% increase in the number of planned shares registered to sell. Compared to September 2022, the number of Form 144s filed last month increased by 27%. This year-over-year rise was primarily driven by a 39% increase in planned filings, and an 180% increase in shares reported under a plan. The increase in planned disclosures this September has resulted in the highest monthly value pursuant to Rule 10b5-1 so far in 2023.
Top 5 Brokers for September 2023
This September, Morgan Stanley again took the top ranking for value brokered, and stole first place for number of filings. JP Morgan remained in second place for total value brokered, due in part to their role in brokering last month’s largest filing. Bank of America placed third in value brokered. Goldman Sachs brokered two of September’s largest filings, securing them fourth place in value brokered, and Fidelity rounded out September's top 5 brokers in fifth place.
Top 144 Filings for September 2023
| Filer | Company | Broker | Value (M) | Shares(M) |
| ValueAct Capital Master Fund LP | Seagate Technology Holdings plc - [STX] | JP Morgan Chase | $407.6 | 5.75 |
| VPE Holdings LLC | Vertiv Holdings Co - [VRT] | Bank of America | $396.0 | 10.00 |
| CP VI Evergreen Holdings LP | ZoomInfo Technologies - [ZI] | Goldman Sachs | $271.8 | 14.63 |