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Avnet officer plans sale of 13,000 shares

AVNET INC (AVT) received a Rule 144 notice for a proposed sale of 13,000 shares of its common stock held for the account of officer Chan Leng Jin.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

AVNET INC (AVT) received a Rule 144 notice for a proposed sale of 13,000 shares of its common stock held for the account of officer Chan Leng Jin. The shares were acquired through restricted stock vesting awards on January 2, 2024, January 2, 2025, and August 21, 2025 as compensation, with Fidelity Brokerage Services LLC listed as broker.

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Shares proposed to be sold 13,000 shares Common stock sale for account of officer Chan Leng Jin under Rule 144
Restricted stock vesting on January 2, 2024 5,293 shares Common stock acquired from issuer as compensation via restricted stock vesting
Restricted stock vesting on January 2, 2025 5,126 shares Common stock acquired from issuer as compensation via restricted stock vesting
Restricted stock vesting on August 21, 2025 2,581 shares Common stock acquired from issuer as compensation via restricted stock vesting
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock vesting financial
"Common | 01/02/2024 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
attorney-in-fact regulatory
"as attorney-in-fact for Leng Chan"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for AVT?

The filing discloses that 13,000 shares of AVNET INC (AVT) common stock are planned to be sold under Rule 144 for the account of officer Chan Leng Jin, with Fidelity Brokerage Services LLC acting as broker and the stock listed on NASDAQ.

Who is selling AVNET INC (AVT) shares under this Form 144?

The shares are to be sold for the account of Chan Leng Jin, identified as an officer of AVNET INC, with the notice signed by Daniel Tucci as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact.

How many AVT shares are covered by this Rule 144 notice?

The notice covers a proposed sale of 13,000 shares of AVNET INC common stock. These shares are to be sold through Fidelity Brokerage Services LLC on NASDAQ, according to the information provided.

How were the AVT shares in this Form 144 acquired?

The shares were acquired through restricted stock vesting from the issuer as compensation: 5,293 shares vested on January 2, 2024, 5,126 shares on January 2, 2025, and 2,581 shares on August 21, 2025.

What is the role of Fidelity Brokerage Services LLC in the AVT Form 144?

Fidelity Brokerage Services LLC is listed as the broker for the proposed sale of 13,000 AVT common shares and its representative Daniel Tucci signed the notice as a duly authorized representative and attorney-in-fact for Chan Leng Jin.

On which market are the AVNET INC (AVT) shares in this filing traded?

The common stock referenced in this Form 144 filing is indicated as traded on NASDAQ, with the broker listed as Fidelity Brokerage Services LLC for the proposed sale of 13,000 shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

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