**Significance of the SEC Filing:**
SLM Corp, also known as Sallie Mae, recently submitted a Form 144 with the Securities and Exchange Commission. Form 144 is filed by company affiliates or insiders to register the sale of company stock. This filing indicates that an affiliate of SLM Corp may be planning to sell a significant amount of company shares in the near future. Investors and analysts often monitor Form 144 filings as they can provide insights into the intentions of company insiders and potential impacts on the stock price.
**Overview of SLM Corp:**
SLM Corp is a leading consumer banking company that specializes in student loans. With a focus on helping students and families save, plan, and pay for college, Sallie Mae offers a range of financial products and services, including private education loans, college savings plans, and online banking. For more information about SLM Corp, visit their official website here.
**Description of SEC Form Type:**
Form 144 is a notice of proposed sale of securities that must be filed with the SEC when an affiliate of a company intends to sell company shares. This form is typically used by company insiders, such as executives, directors, or large shareholders, to disclose their plans to sell company stock. By requiring the filing of Form 144, the SEC aims to promote transparency and protect investors by providing advance notice of potential insider selling activities.
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SLM Corp Files SEC Form 144, Revealing Key Information
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