Steelcase Inc, a renowned office furniture manufacturer, has filed a Form 144 with the Securities and Exchange Commission. This filing indicates that an affiliate of the company, such as an insider or institutional investor, plans to sell a significant number of shares in the market. Form 144 is required by the SEC to ensure that these sales comply with regulations and do not have a negative impact on the company’s stock price.
Steelcase Inc, founded in 1912 and headquartered in Grand Rapids, Michigan, is a global leader in the office furniture industry. The company is known for its innovative designs and sustainable practices in creating workspaces that enhance productivity and well-being. With a focus on research and development, Steelcase continues to evolve its product offerings to meet the changing needs of modern workplaces.
Form 144 is a notice of proposed sale of securities filed by individuals or entities that are affiliated with a company. It is a requirement under the Securities Act of 1933 and allows investors to sell restricted or control securities in a public market. Investors must file Form 144 if the proposed sale involves more than 5,000 shares or has a value exceeding $50,000 within a three-month period.
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Steelcase Inc Submits Form 144 SEC Filing – What You Need to Know
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