[144] Aviat Networks, Inc. SEC Filing
Rhea-AI Filing Summary
Aviat Networks (AVNW) Form 144: This notice reports a proposed sale of 6,742 common shares acquired and paid for by exercise of stock options on 09/02/2025. The broker listed is Morgan Stanley Smith Barney LLC and the aggregate market value of the shares at filing is $154,796.32. The filing lists approximately 12,692,431 shares outstanding and identifies the intended market as NASDAQ.
The filer indicates the securities were acquired from the issuer by option exercise and paid in cash on the same date. No other sales by the same person in the past three months are reported. Several standard form fields such as the filer CIK/relationship to issuer and contact details are not populated in the provided text.
Positive
- Timely disclosure of the proposed sale via Form 144
- Transaction details provided: number of shares, aggregate value, broker, acquisition and payment dates
Negative
- Insider sale reported: 6,742 shares proposed for sale (aggregate value $154,796.32)
- Key filer fields missing in provided text (CIK/relationship/contact information not populated)
Insights
TL;DR: Routine insider option exercise and proposed sale; modest-sized transaction disclosed promptly via Form 144.
The filing documents an insider exercise and proposed immediate sale of 6,742 shares valued at about $154.8k. For a company with 12.69 million shares outstanding, this represents roughly 0.053% of outstanding shares, indicating a small absolute dilution or market impact. No other recent sales are reported for the same account. The data are factual and limited to the transaction; there is no performance, revenue, or forward-looking information in the filing to assess operational impact.
TL;DR: Disclosure meets Rule 144 notice requirements; limited governance implications from a single, small transaction.
The form confirms the seller represents no undisclosed material adverse information and records acquisition by option exercise and cash payment on the same date. The filing lacks identification of the filer’s relationship to the issuer in the provided text, which reduces contextual clarity about the seller's insider status. Otherwise, the document follows required disclosure elements for a proposed Rule 144 sale.