Phoenix Rising Companies Inc (PRCX)

[DaReal]

Yep, lately it's happening almost daily...

What Is Form T: Equity Trade Reporting Form?

Form T is an electronic form that FINRA requires brokers to use for reporting equity trades executed outside of normal market hours. Form T trades occur during extended hours, before the market opens and after it closes. Form T must also be used to submit last sale reports of over-the-counter (OTC) transactions in equity securities, for which electronic submission is not possible. The objective of the Form T report is to maintain market transparency and integrity.

Form T Filings: Some Lessons

In the OTC market, Form T trades are mostly the result of accumulated buys or sells handled on a not held basis by block desks, otherwise known as 'late prints.' They have nothing to do with short-selling. Large blocks of shares may not all be sold in a single day, so a broker or market maker would file a Form T for the remainder of shares listed at the average price that day's shares sold for as if they all had sold. If all the shares had sold in that one session, the transaction would have been recorded normally.

And investor sometimes can tell if a Form T transaction is by a buyer or seller by looking at the price the trades were entered at. If entered at the lower end of the day's range and the shares were under pressure, it's likely a seller. If entered at the high end of the range, and shares were surging, it's likely from a buyer.

https://www.investopedia.com/terms/f/formt.asp