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An amended Form 144 filed for Casella Waste Systems (NASDAQ: CWST) discloses a proposed Rule 144 sale by an affiliated insider. The filer plans to dispose of 1,292 common shares through broker Raymond James on or after 12 Mar 2025, with an estimated aggregate market value of $136,302. The shares, originating from recent restricted-stock-unit grants dated 10-12 Mar 2025 (totalling 2,507 shares), were received as equity compensation. Casella has 63.36 million shares outstanding, so the contemplated sale equals roughly 0.002 % of the float鈥攖oo small to influence liquidity or price.

The same insider previously sold 5,206 shares for $592,182 on 3 Mar 2025. Rule 144 requires this notice and the signer affirms no undisclosed adverse information. Overall, the filing signals routine portfolio diversification rather than a material change in CWST鈥檚 fundamentals.

Form 144 filing: An unidentified Kinder Morgan, Inc. (KMI) insider has notified the SEC of an intent to sell up to 40,000 common shares on or about 08/04/2025 through Morgan Stanley Smith Barney. At the implied price in the notice, the block is worth approximately $1.124 million.

The shares originate from restricted stock units that vested on 07/31/2025. With roughly 2.222 billion KMI shares outstanding, the proposed sale equals less than 0.002% of total float鈥攁n amount that is not expected to influence liquidity, control, or market pricing.

No other sales were reported during the previous three-month period. The filer affirms there is no non-public adverse information, and the submission fulfills Rule 144鈥檚 advance-notice requirement. The document conveys no changes to Kinder Morgan鈥檚 operations, financial guidance, or capital structure; it is strictly a procedural disclosure of a routine, small-scale insider sale.

Grayscale Bitcoin Trust ETF (GBTC) posted a strong Q2 2025 as rising Bitcoin prices more than offset continued share redemptions and the 1.5% Sponsor鈥檚 Fee.

• Assets: Fair-value holdings of 185,098.7 BTC worth $19.95 bn at 30 Jun 25, up 4% from $19.18 bn at 31 Dec 24.
• NAV per share: $84.84 vs. $74.08 year-end, reflecting a 16% BTC price rally to $107,754.
• Operations: Six-month net increase in net assets from operations of $2.52 bn (vs. $9.23 bn prior-year), driven by $2.66 bn net realized/unrealized gains; investment loss of $138 m equals the Sponsor鈥檚 Fee.
• Flows: 22,569 BTC ($2.12 bn) redeemed and 3,710 BTC ($0.36 bn) created YTD, shrinking shares outstanding 9% to 235.1 m.
• Principal-market switch: Pricing source changed from Coinbase to Crypto.com effective 30 Jun 25.
• Capital actions: July 24 spin-off of 26,935.8 BTC (鈮�10% of assets) to Grayscale Bitcoin Mini Trust completed.

Liquefaction of holdings via redemptions continues, but higher Bitcoin prices and reduced fee rate (cut to 1.5% in Jan 24) supported per-share value. No cash is held; all expenses are paid in BTC. Subsequent-event pricing shows BTC at $118,063 on 28 Jul 25.

Schedule 13G highlights: YF Management Company Ltd., a Hong Kong entity wholly owned by individual investor LIU YIF, has disclosed ownership of 5,000,000 Class A ordinary shares of Maase Inc. (symbol MAAS). The stake equals 19.29 % of Maase鈥檚 outstanding ordinary shares (based on 25,917,241 total shares as of 18 Jul 2025) but confers only 0.73 % of aggregate voting power because each Class B share carries 100 votes versus one vote for each Class A share.

Both YF Management and LIU YIF report sole voting and dispositive power over the shares and certify the investment is passive, filed under Rule 13d-1(c). No other persons share voting or dispositive authority and there are no indications of control-seeking activity. A joint filing agreement is the only listed exhibit.

Key addresses: issuer HQ in Chengdu, China; YF Management office in Hong Kong; LIU YIF residence in Singapore. Signatures dated 01 Aug 2025 affirm the accuracy of the disclosure.

OFA Group鈥檚 Form 20-F covers FY 2025 (ended 31 Mar 25), the first annual report since its 22 May 25 Nasdaq IPO (symbol OFAL).

• Revenue dropped to $202,007, down 62% from $530,606 in FY 2024.
• Net loss widened to $714,680 (FY 2024: $93,197), driving an accumulated deficit of $1.03 million.
• Backlog rose to $491,279, +141% YoY, offering some future revenue visibility.
• 9,611,111 ordinary shares were outstanding at year-end.

Operations are conducted solely through a Hong Kong subsidiary; 100 % of revenue derives from fixed-price contracts. Two customers supplied 36% of FY 2025 sales, underscoring concentration risk. The filing cites extensive risk factors: competitive pressures, Hong Kong/PRC regulatory uncertainty, inflation impacts on fixed-price work, and cybersecurity threats.

The audit identified material weaknesses鈥攊nadequate segregation of duties and insufficient related-party procedures鈥攖hough management has appointed a full-time CFO, formed an independent audit committee and adopted new controls to remediate them. No PCAOB inspection impediments are noted because auditor M&K CPAS LLC is U.S. based.

Key take-away: despite a larger backlog and U.S. listing, the company remains early-stage, loss-making and exposed to execution, customer and jurisdictional risks.

Q2 2025 snapshot (Perdoceo Education 鈥� PRDO):

• Revenue surged 25.7 % YoY to $209.6 m, aided by the Dec-24 USAHS acquisition (18 % of quarterly sales) and continued growth at legacy units.
• Operating income climbed 11.7 % to $51.4 m; net income up 6.8 % to $41.0 m, delivering diluted EPS of $0.62 versus $0.57.
• YTD revenue $422.6 m (+26 %), net income $84.7 m (+8.8 %). Operating cash flow strengthened to $143.9 m (+55 %).
• Cash, equivalents & short-term investments reached $659.6 m after $46.1 m of buybacks (1.6 m shares) and $17.7 m in dividends; only $1 m remained under the prior $50 m authorization, but a new $75 m program was approved 7/31/25.
• Segment mix: CTU 56 % of revenue, AIUS 26 %, USAHS 18 % (-$2.0 m YTD operating loss during integration).
• Gross deferred revenue rose to $113.6 m, reflecting higher billing and enrollment; allowance for credit losses stable at $42.3 m.
• Balance sheet still debt-light; a $56.8 m failed sale-leaseback created a financing liability. Total cash plus investments exceed all liabilities by ~$675 m.
• Effective tax rate eased to 27.0 % (benefit from stock-comp and reserve releases).
• Regulatory/legal: DOJ False Claims Act suit and new CID remain unresolved; litigation reserve $1.5 m.

Takeaway: Solid top-line growth and cash generation offset margin dilution from USAHS and higher depreciation. Ample liquidity supports continued buybacks and dividends, while integration execution and regulatory outcomes are key watch items.