AS files Form 144 to sell 4.05M shares valued at $159.7M via Morgan Stanley

Rhea-AI Filing Summary

Amer Sports, Inc. filed a Form 144 proposing the sale of 4,054,054 ordinary shares on the NYSE through Morgan Stanley & Co. LLC with an approximate aggregate market value of $159,729,728. The filing shows 554,571,446 shares outstanding, so the proposed sale equals about 0.73% of outstanding shares. The securities being sold were acquired on 08/02/2024 by an in-kind distribution from Amer Sports Holding (Cayman) Limited, which originally acquired the shares in 2022; the filing lists 79,093,956 as the amount of securities acquired at that time. No securities were reported sold by the filer in the past three months. The notice includes the filer’s representation that they are unaware of undisclosed material adverse information about the issuer.

Positive

• Transparent disclosure of broker, planned sale date, share counts, and acquisition history in compliance with Rule 144
• No securities sold in the past three months by the filer, indicating this is not part of a rapid sequence of recent disposals

Negative

• Lack of filer identity and role in the document limits investor ability to assess motivations and potential signaling
• Acquisition and transfer details (in-kind distribution from related Cayman holding) raise governance questions but the filing provides no further context

Insights

Financial Analyst

TL;DR: Proposed sale equals ~0.73% of shares outstanding, a noticeable block but not a controlling divestiture.

The filing discloses a single brokered transaction of 4,054,054 ordinary shares valued at approximately $159.7 million, scheduled via Morgan Stanley on NYSE. Relative to the issuer's stated outstanding shares (554,571,446), the proposed sale represents roughly 0.73% of the float, which is sizable for a single filing but unlikely on its own to materially change capital structure.

Key factual points: acquisition was an in-kind distribution from a related Cayman holding entity on 08/02/2024; no prior sales in the past three months were reported. The filing does not identify the selling person's role or whether the shares are restricted or subject to lock-up beyond the acquisition note, limiting interpretation of motivations or timing.

Corporate Governance Expert

TL;DR: Disclosure meets Rule 144 mechanics but lacks details on filer identity and any restrictive conditions.

The Form 144 documents the mechanics of a proposed sale and the representation about material undisclosed information, as required. It shows the shares were received by in-kind distribution from Amer Sports Holding (Cayman) Limited and includes the broker and scheduled sale date. However, the filing does not state the filer’s relationship beyond the distribution context, nor does it provide information on whether sale proceeds or transfer conditions impose restrictions. Those absences limit governance conclusions about alignment of large holders with other shareholders.

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
Ordinary Shares	Morgan Stanley & Co. LLC 1585 Broadway New York NY 10036	4054054	159729728.00	554571446	08/25/2025	NYSE

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 *
Ordinary Shares	08/02/2024	By in kind- distribution from a wholly owned subsidiary who acquired the shares in 2022	Amer Sports Holding (Cayman) Limited			79093956	08/02/2024	See "Nature of Acquisition"

* 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

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 Amer Sports (AS) report in this Form 144?

The filing proposes the sale of 4,054,054 ordinary shares on the NYSE through Morgan Stanley with an aggregate market value of $159,729,728 and lists 554,571,446 shares outstanding.

When is the proposed sale scheduled to occur?

The filing shows an approximate date of sale of 08/25/2025.

How were the securities acquired that are to be sold?

They were acquired on 08/02/2024 by an in-kind distribution from Amer Sports Holding (Cayman) Limited, which originally acquired the shares in 2022.

How large is the proposed sale relative to outstanding shares?

The proposed sale of 4,054,054 shares represents about 0.73% of the 554,571,446 shares outstanding reported in the filing.

Were any securities sold by the filer in the past three months?

The filing states Nothing to Report for securities sold during the past three months.