[144] ACM Research, Inc. SEC Filing

Rhea-AI Filing Summary

ACM Research (ACMR) Form 144 notice reports a proposed sale of 60,000 common shares through Morgan Stanley Smith Barney on 09/04/2025 with an aggregate market value of $1,586,508.00. The shares were acquired and to be sold following a stock option exercise on 09/04/2025 and payment was made in cash. The filing notes 64,180,965 shares outstanding. It also discloses a recent sale by Hui Wang of 70,000 shares on 09/03/2025 for $1,873,711.00. The filer certifies they are not aware of any undisclosed material adverse information.

Positive

• Disclosure includes acquisition details: the filing specifies the shares were acquired via a stock option exercise on 09/04/2025 and paid in cash.
• Brokered transaction: the proposed sale is routed through Morgan Stanley Smith Barney, providing a clear execution venue.

Negative

• Insider selling shares: the filing shows a proposed sale of 60,000 common shares, which is a notable insider disposition.
• Recent sizable prior sale: the filer disclosed a 70,000-share sale on 09/03/2025 for $1,873,711.00, indicating recent insider selling activity.

Insights

Securities Analyst

TL;DR: Routine insider sale following option exercise; amount disclosed but no operational or financial details changed.

The filing documents a proposed sale of 60,000 ACMR shares executed via a stock option exercise and routed through Morgan Stanley Smith Barney on 09/04/2025. The disclosed aggregate market value is $1,586,508.00 and the company has 64,180,965 shares outstanding. The filing also reports a prior sale of 70,000 shares on 09/03/2025 for $1,873,711.00. As a Form 144, this is a compliance notice required for resale by affiliates or persons deemed affiliates and does not by itself convey company performance metrics.

Compliance/Risk Analyst

TL;DR: Form 144 appears complete for the proposed sale; includes required acquisition and recent-sale disclosures.

The notice includes the nature of acquisition (stock option exercise), payment method (cash), broker details, and prior sales within three months, aligning with Rule 144 disclosure obligations. The signer represents absence of undisclosed material adverse information. The document contains no additional operational or financial data and does not indicate regulatory or legal concerns based on the provided text.

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

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	60000	1586508.00	64180965	09/04/2025	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	09/04/2025	Stock Option Exercise	ISSUER			60000	09/04/2025	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
HUI WANG 42307 Osgood Road, Suite I Fremont CA 94539	Common	09/03/2025	70000	1873711.00

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 the ACMR Form 144 filed on 09/04/2025 disclose?

The notice discloses a proposed sale of 60,000 ACMR common shares through Morgan Stanley Smith Barney on 09/04/2025 with an aggregate market value of $1,586,508.00.

How were the 60,000 ACMR shares acquired according to the filing?

The shares were acquired via a stock option exercise on 09/04/2025 and payment was made in cash.

Does the filing report any prior sales by the same person?

Yes. It reports that Hui Wang sold 70,000 ACMR shares on 09/03/2025 for $1,873,711.00.

How many ACMR shares are outstanding per the Form 144?

The filing lists 64,180,965 shares outstanding.

Does the filer state they possess undisclosed material information?

The filer represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.