Asbury Automotive (ABG) Files Form 144 for 800-Share Sale
Rhea-AI Filing Summary
Asbury Automotive Group (ABG) filed a Form 144 reporting a proposed sale of 800 shares of Common Stock through Computershare (Edison, NJ) with an aggregate market value of $204,484.48. The filing states there are 19,660,638 shares outstanding and lists the approximate sale date as 08/28/2025. The shares were acquired on 02/07/2019 as a restricted stock award granted for board service; payment is noted as not applicable. The filer reports nothing to report for securities sold in the past three months. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information about the issuer.
Positive
- Clear disclosure of acquisition date and nature of shares (restricted stock award dated 02/07/2019).
- Broker and sale timing provided (Computershare; approximate sale date 08/28/2025).
- No securities sold in prior three months is explicitly stated.
Negative
- Limited issuer/filer details in the public content (Filer CIK/CCC and issuer name not provided in the text).
Insights
TL;DR: Routine insider sale notice for a small block of restricted shares; no recent sales reported and no nonpublic adverse information disclosed.
This Form 144 documents a proposed sale of 800 shares by a person who received the shares as a restricted stock award in 2019 for board service. The transaction is scheduled through Computershare with an indicated aggregate market value of $204,484.48 and an approximate sale date of 08/28/2025. No sales in the prior three months are reported, and the filer affirms no knowledge of undisclosed material adverse information. Given the limited size of the block relative to total outstanding shares, the filing appears procedural rather than a signal of material change in company fundamentals.
TL;DR: Standard disclosure of a director-originated restricted stock sale; documentation and attestation conform to Rule 144 norms.
The document identifies the shares as derived from a restricted stock award for board service and includes the certification required by the form about the absence of undisclosed material adverse information. The use of Computershare as broker and the explicit acquisition and payment details align with customary compliance for insiders selling restricted shares under Rule 144. The filing contains no indications of governance disputes or procedural irregularities.