[144] Arts-Way Manufacturing Co Inc SEC Filing

Rhea-AI Filing Summary

Arts-Way Manufacturing Co. Inc. (ARTW) filed a Form 144 disclosing an insider’s plan to sell 5,525 common shares through NASDAQ on 08/07/2025. At an aggregate market value of $22,376.80 (~$4.05/sh), the proposed sale equals 17.1 % of the 32,254 shares outstanding stated in the notice.

The stock was acquired via four stock-award grants: 1,022 shares on 01/31/2020 and three blocks of 1,501 shares each in January 2024. The filer—identified as Michael Woods in the recent-sales table—already sold 11,666 shares during the past three months, generating $40,488.23 in gross proceeds (7,592 shares on 07/29/2025 and 4,074 shares on 08/06/2025). Should the new sale proceed, insider dispositions over the period would total 17,191 shares, or 53.3 % of the shares outstanding.

The signing party affirms no undisclosed material adverse information. While the dollar amount is modest, the large percentage of shares involved may increase float and exert supply pressure, meriting close investor attention.

Positive

• None.

Negative

• Insider intends to sell 5,525 shares, 17 % of stated outstanding
• Past three-month insider sales already total 11,666 shares
• Combined sales could reach 53 % of outstanding shares, heightening supply pressure
• All shares stem from stock-based compensation, implying cash-out of incentives

Insights

Financial Analyst

TL;DR – Over half of stated shares could leave insider hands within three months; supply risk rises.

The Form 144 signals another 5,525-share disposition after 11,666 shares were sold recently. Using the filing’s 32,254-share count, the combined 17,191 shares equal 53 % of outstanding, an unusually high churn. Even though the cash value (~$63k total) is small, ARTW’s micro-cap structure magnifies market impact: liquidity is thin and insider activity can swing price/float. Continuous stock-award monetisation suggests limited alignment between management and long-term shareholders. No operational data were provided, so the sale itself becomes the focal risk factor.

Corporate Governance Expert

TL;DR – Repeated stock-award sales may signal governance and incentive misalignment.

Rule 144 filings are routine, but frequency and scale matter. The filer obtained the shares entirely through compensation plans and is rapidly liquidating them. Such behaviour can undermine pay-for-performance objectives and raise concerns about insider confidence. The representation of having no undisclosed adverse information limits legal exposure, yet optics remain negative. Investors should monitor future equity-compensation grants, potential 10b5-1 plans, and board oversight of insider trading policies.

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 Stock	Marissa Lynn Dombrowski ChFC 4601 Westown Pkwy West Des Moines IA 50266	5525	22376.80	32254	08/07/2025	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 Stock	01/31/2020	Stock Award	ARTW			1022	01/31/2020	Stock Award
Common Stock	01/19/2024	Stock Award	ARTW			1501	01/19/2024	Stock Award
Common Stock	01/26/2024	Stock Award	ARTW			1501	01/26/2024	Stock Award
Common Stock	01/27/2024	Stock Award	ARTW			1501	01/27/2024	Stock Award

* 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
Michael Woods 8A Alexander Rd Estherville IA 51334	Common Stock	07/29/2025	7592	25133.32
Michael Woods 8A Alexander Rd Estherville IA 51334	Common Stock	08/06/2025	4074	15354.91

144: Remarks and Signature

Remarks

Date of Notice

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

How many ARTW shares are insiders planning to sell under this Form 144?

The filing covers 5,525 common shares valued at $22,376.80.

What percentage of outstanding ARTW shares does the proposed sale represent?

Based on the notice’s figure of 32,254 shares outstanding, it equals 17.1 %.

Have there been recent ARTW insider sales?

Yes. The same insider sold 11,666 shares on 07/29/2025 and 08/06/2025 for $40,488.23.

When were the shares being sold originally acquired?

They were granted as stock awards on 01/31/2020 (1,022 shares) and 01/19-27/2024 (4,503 shares).

Which broker will handle the proposed ARTW sale?

The broker named is Marissa Lynn Dombrowski, ChFC, West Des Moines, IA.