American Vanguard (AVD) Files Rule 144 Notice for 6,000-Share Sale
Rhea-AI Filing Summary
American Vanguard Corporation (AVD) filed a Form 144 to notify a proposed sale of securities under Rule 144. The notice reports 6,000 shares of common stock offered for sale through Merrill Lynch, Newport Beach, with an aggregate market value of $32,078.56 based on the filing. The proposed sale date is 09/04/2025 on the NYSE.
The shares were acquired as a performance award from American Vanguard Corp on 01/01/2020 and no securities of the issuer have been reported sold by the seller in the past three months. The filer affirms no undisclosed material adverse information.
Positive
- Full disclosure of broker and sale details including broker name and address, aggregate market value, proposed sale date, and exchange
- Securities were acquired via a performance award with acquisition date provided (01/01/2020), clarifying origin of shares
- No sales in the past three months reported, simplifying aggregation assessment under Rule 144
- Sale size is very small relative to outstanding shares (6,000 of 28,431,276, approximately 0.021%), indicating negligible dilution
Negative
- None.
Insights
TL;DR: Routine Rule 144 notification for a small sale; shows compliance with resale notice requirements.
The filing documents a proposed resale under Rule 144 of 6,000 common shares through a registered broker, with acquisition via a 2020 performance award. The notice includes standard seller representations about lack of undisclosed material information and reports no sales in the prior three months, which supports aggregation and compliance checks. The filing supplies broker details, share counts, and aggregate value allowing verification against transfer and public reporting requirements.
TL;DR: Small insider-derived sale; procedural disclosure only, limited governance implications.
The origin of the shares as a performance award is disclosed and the filer certifies no material nonpublic information, consistent with governance transparency expectations. The disclosed sale size (6,000 shares) represents a very small fraction of outstanding shares, suggesting limited impact on ownership concentration. The filing does not indicate any unusual trading patterns or contemporaneous related-party transactions.