Booking Holdings Form 144: 1,013 shares to be sold under Rule 144/10b5-1
Rhea-AI Filing Summary
Booking Holdings insider sale notice: The filing notifies proposed sales of 1,013 shares of common stock on 09/15/2025 through Morgan Stanley Smith Barney LLC, with an aggregate market value of $5,529,278.16. The shares were acquired as Restricted and Performance Stock Units on 03/04/2025 and the filer reports prior 10b5-1 sales of the same quantity (1,013 shares) on 08/15/2025, 07/15/2025 and 06/16/2025 generating gross proceeds of $5,548,093.69, $5,769,036.02 and $5,425,697.14 respectively. The filing states the sales will be executed on NASDAQ and identifies the broker and seller details. The notice includes the seller's representation that no material nonpublic information is known and references Rule 10b5-1 trading-plan language.
Positive
- Sales conducted under Rule 144 and 10b5-1, indicating prearranged, compliant insider trading procedures
- Full disclosure of acquisition details (grant date 03/04/2025 and nature: Restricted and Performance Stock Units)
- Repeated monthly 10b5-1 sales show a consistent, documented selling pattern rather than ad hoc trades
Negative
- Aggregate market value per sale is sizable ($5.53M), which may attract investor attention despite a small share percentage
- Filing lacks explicit plan adoption date for the 10b5-1 instruction in the Remarks section (no date provided)
Insights
TL;DR: Routine insider sales under Rule 144/10b5-1; amounts are small relative to total shares outstanding.
The filing documents a planned sale of 1,013 common shares via Morgan Stanley Smith Barney with an aggregate market value of $5.53 million. The shares were granted as restricted and performance stock units on 03/04/2025 and prior scheduled 10b5-1 sales of identical share counts occurred in June, July and August 2025, producing consistent gross proceeds each month. From a market-impact perspective, 1,013 shares versus 32,409,885 shares outstanding represents a negligible ownership reduction, and the repeated use of 10b5-1 instructions points to prearranged, compliant disposal rather than opportunistic trading.
TL;DR: Disclosure aligns with Rule 144 and 10b5-1 practices; includes required representations about material nonpublic information.
The notice provides required particulars: acquisition date, nature of grant (restricted and performance stock units), broker, exchange, and the schedule of recent 10b5-1 sales. The signer affirms no undisclosed material adverse information and references the 10b5-1 plan adoption/instruction date provision. These elements indicate adherence to typical insider-trading compliance frameworks; the filing does not disclose any governance concerns or anomalies based on the information presented.