In a recent SEC filing, Consumer Portfolio Services, Inc. (CPS) submitted a Form 144 indicating its intention to sell restricted shares of common stock. Form 144 is typically filed by company insiders or affiliates looking to sell their shares in the open market. This filing is significant as it provides transparency to investors about potential insider selling activity, which can sometimes impact the company’s stock price.
Consumer Portfolio Services, Inc. is a specialty finance company that provides indirect automobile financing to individuals with past credit problems, low incomes, or limited credit histories. With a focus on serving customers who may not qualify for traditional auto financing, CPS plays a vital role in helping individuals obtain the transportation they need. For more information about Consumer Portfolio Services, Inc., you can visit their website here.
Form 144 is a notice of proposed sale of securities filed with the Securities and Exchange Commission. It is required when an insider of a company intends to sell their restricted securities, typically acquired through an employee stock option plan or as compensation, in the open market. The form helps ensure compliance with securities regulations and provides transparency to investors regarding insider trading activities.
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Consumer Portfolio Services, Inc. Submits SEC Filing 144 – Find Out More About the Company Here
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