[144] ACM Research, Inc. SEC Filing

Rhea-AI Filing Summary

ACM Research, Inc. (ACMR) Form 144 notice: The filer intends to sell 30,000 shares of the issuer's common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $900,012.00. The shares reported were acquired and will be paid for by cash on 08/22/2025 via a stock option exercise from the issuer. The filing shows 64,180,965 shares outstanding, lists the proposed sale date as 08/22/2025 on the NASDAQ, and reports no securities sold by the person in the past three months.

Positive

• Clear disclosure of proposed sale: 30,000 common shares with aggregate value of $900,012.00 identified along with broker and proposed sale date.
• Acquisition and payment transparent: Shares were acquired via stock option exercise and paid in cash on 08/22/2025.
• No recent sales: The filer reports nothing to report for securities sold in the past three months, indicating no recent disposition activity.

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider plans to sell a small block of 30,000 shares acquired through option exercise; transaction appears routine and non-material.

The Form 144 discloses a proposed sale of 30,000 common shares (aggregate value $900,012) executed via Morgan Stanley Smith Barney on NASDAQ with acquisition and payment dated 08/22/2025. Given the reported 64,180,965 shares outstanding, this position represents a very small fractional amount. The filer confirms no sales in the prior three months. The notice includes the standard insider representation about absence of undisclosed material information. From a market-impact perspective, the filing documents an insider liquidity event but does not indicate a material shift in ownership or ongoing selling program.

Corporate Governance Expert

TL;DR: Disclosure meets Rule 144 reporting requirements for a routine option exercise sale; no governance red flags are evident from the form.

The form identifies the nature of acquisition as a stock option exercise and shows cash payment on the same date, consistent with routine option-exercise liquidity. The submission includes the required representation regarding material nonpublic information and lists the broker-dealer handling the sale. There is no indication of aggregated sales requiring additional disclosure, and the filer reports nothing to disclose for securities sold in the past three months. Based solely on the information provided, this appears to be a compliant, administrative disclosure rather than a governance concern.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	30000	900012.00	64180965	08/22/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/22/2025	Stock Option Exercise	ISSUER			30000	08/22/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does ACMR's Form 144 disclose about the proposed sale?

The filing discloses a proposed sale of 30,000 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $900,012.00 on 08/22/2025.

How were the ACMR shares being sold acquired?

The shares were acquired on 08/22/2025 through a stock option exercise from the issuer and payment was made in cash on the same date.

What exchange will the ACMR shares be sold on?

The proposed sale is listed for the NASDAQ exchange.

Does the Form 144 report any securities sold in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months by the person for whose account the securities are to be sold.

Who is the broker handling the sale for ACMR's Form 144?

The broker-dealer named is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.