[144] ACM Research, Inc. SEC Filing

Rhea-AI Filing Summary

ACM Research, Inc. (ACMR) filed a Form 144 reporting a proposed sale of 70,000 common shares through Morgan Stanley Smith Barney LLC, scheduled approximately on 09/03/2025 on NASDAQ with an aggregate market value of $1,873,711.00. The filing shows these shares were acquired and paid for on 09/03/2025 by exercise of a stock option, with payment in cash to the issuer.

The notice states there were no other sales by the reporting person in the prior three months. The filer certifies they are unaware of any undisclosed material adverse information about the issuer. The document provides broker details and confirms the transaction source as an option exercise rather than a gift or third-party purchase.

Insights

Securities Analyst

TL;DR: A single insider-derived sale of 70,000 shares (~$1.87M) via Rule 144 appears routine and is disclosed per regulatory requirements.

The Form 144 indicates the shares were acquired by a same-day stock option exercise and are being offered for sale through Morgan Stanley Smith Barney on NASDAQ. Given the reported aggregate value relative to total outstanding shares (70,000 of 64,180,965), the transaction represents a small fraction of equity and is presented as a standard disposal under Rule 144. The filing includes the required certification about material non-public information and notes no prior sales in the three-month lookback period.

Corporate Governance Expert

TL;DR: Compliance and disclosure norms are met; the filing documents an exercise-and-sell event rather than a transfer or gift.

From a governance perspective, the form provides the essential mechanics: date of acquisition and sale, nature of acquisition (stock option exercise), broker details, and a statement that no material nonpublic information is known. This meets Rule 144 disclosure expectations. The absence of other sales in the prior three months simplifies aggregation considerations. No governance irregularities are evident from the filing alone.

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

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	70000	1873711.00	64180965	09/03/2025	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	09/03/2025	Stock Option Exercise	ISSUER			70000	09/03/2025	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)