Form 144: Popular Insider to Sell 34,583 Shares via Popular Securities
Rhea-AI Filing Summary
Popular, Inc. reported a Form 144 notice proposing the sale of 34,583 shares of common stock, with an aggregate market value of $4,055,202.58, to be executed through Popular Securities, LLC on or about 08/13/2025. The company has 67,582,844 shares outstanding, so the offered block represents about 0.05% of outstanding shares.
The shares were acquired as stock awards from Popular, Inc.: 21,344 shares on 03/11/2022 and 13,239 shares on 03/08/2023, with payment characterized as compensation. The filing shows no securities sold in the past three months by the person for whose account this notice is filed.
Positive
- Securities were acquired as stock awards, indicating the shares originated from compensation rather than unrelated purchases
- No securities sold in past three months by the person for whose account the notice is filed
Negative
- Proposed sale of 34,583 shares with an aggregate value of $4,055,202.58 will increase available supply, though it represents only ~0.05% of outstanding shares
Insights
TL;DR: Insider filing to sell 34,583 shares (~0.05% of float); transaction size is modest and unlikely to move the market materially.
The Form 144 discloses a proposed sale of 34,583 common shares valued at $4,055,202.58 through Popular Securities, LLC, scheduled for 08/13/2025. Relative to the reported 67,582,844 shares outstanding, the sale equals approximately 0.05% of the outstanding share count, indicating limited immediate supply pressure. The shares originated from two stock awards (03/11/2022: 21,344 shares; 03/08/2023: 13,239 shares) paid as compensation, which is typical for insider compensation realizations. No sales in the prior three months are reported, reducing concerns about a recent pattern of selling.
TL;DR: A routine insider disposition under Rule 144; governance signal is neutral given the small size and award-based origin of the shares.
The notice follows Rule 144 reporting for an insider/affiliate sale and specifies the broker and sale date without indicating a trading plan. The shares were granted as stock awards and paid as compensation, which aligns insider interests with shareholders when held but may be monetized periodically. Because the filing reports no sales in the past three months and the quantity represents a very small share of outstanding stock, the governance implication is limited; however, the filing documents the holder's representation that no undisclosed material adverse information is known, which is a standard certification on this form.