[144] AUTOZONE INC SEC Filing
Form 144 notice for AUTOZONE INC (AZO) reports a proposed sale of 2,860 common shares through Fidelity Brokerage Services on the NYSE, with an aggregate market value listed as $11,942,489.51 and total shares outstanding shown as 16,728,714. The filing lists two option-origin acquisitions dated 09/23/2016 and 09/26/2017 for 1,200 and 1,660 shares respectively, with payment noted as cash and an approximate sale date of 09/24/2025. The filer certifies there is no undisclosed material adverse information and that no sales in the past three months are reported.
- Rule 144 compliance documented with broker, share counts, acquisition details, and seller attestation
- Acquisitions traced to stock option grants with specific grant dates listed
- Reported aggregate market value appears inconsistent with the small number of shares to be sold and should be verified
- Filing does not identify the seller's relationship to the issuer in the provided content, limiting signaling analysis
Insights
TL;DR: Rule 144 filing documents a planned small-lot sale and confirms compliance; check data consistency before drawing conclusions.
The filing provides core Rule 144 disclosure: identity of broker, class, exact share count to be sold, acquisition dates and nature (stock options), and a certification regarding undisclosed material information. This is a routine insider/affiliate disclosure required to effect a public sale under Rule 144. The reported aggregate market value appears unusually large relative to the small share count; that discrepancy should be verified with market price data or by the filer. Absent additional context (identity/role of seller, reason for sale), the disclosure is informational and procedural rather than clearly material to AZO's operating outlook.
TL;DR: The notice documents compliance with insider-sale rules and includes option grant origins; no governance red flags are evident from the form alone.
The form lists acquisition by option grants and the broker handling the transaction, and contains the required signature-attestation about material information and any 10b5-1 plan. From a governance perspective, the filing meets procedural requirements. The absence of recent sales in the prior three months is noted. However, the filing does not identify the selling person's relationship to the issuer, which limits assessment of potential signaling from an officer or director sale.