BURL Form 144 Filed for 419-Share Sale via UBS on NYSE
Rhea-AI Filing Summary
Burlington Stores, Inc. (BURL) filed a Form 144 reporting a proposed sale of 419 common shares through UBS Financial Services on the NYSE with an aggregate market value of $106,379.00. The filing lists total shares outstanding of 63,035,016 and an approximate sale date of 10/01/2025. The securities to be sold were acquired as 142 PSU shares on 03/21/2024 and 277 RSA shares on 05/01/2022, both from the issuer. The filing also discloses three sales in the past three months by Jennifer Vecchio: 420 shares on 07/01/2025 for $99,386.53, 420 shares on 08/01/2025 for $113,371.69, and 420 shares on 09/02/2025 for $120,928.63. The remarks section includes the standard certification about material nonpublic information but does not populate date or signature fields in the provided text.
Positive
- Acquisition details disclosed: The filing specifies that the shares were acquired as PSUs (03/21/2024) and RSAs (05/01/2022), showing source of the shares.
- Broker and exchange identified: UBS Financial Services and the NYSE are named for the proposed sale, providing execution clarity.
Negative
- Remarks block incomplete in provided excerpt: The Date of Notice, Date of Plan Adoption/Instruction, and Signature fields are not populated in the supplied content.
Insights
TL;DR: A small insider disposition notice for 419 shares, with prior recent small sales also disclosed; impact appears immaterial to market cap.
The Form 144 reports a proposed sale of 419 common shares through UBS on the NYSE valued at $106,379.00 against 63,035,016 shares outstanding. Acquisition detail shows the lots originated from PSU and RSA awards, which is consistent with equity compensation liquidity events rather than secondary transfers from outside purchasers. Recent completed sales by Jennifer Vecchio are disclosed with gross proceeds for three 420-share lots. The filing contains the standard certification regarding material nonpublic information; however, explicit date and signature fields are not present in the excerpt provided. Given the absolute size of the sale relative to outstanding shares, this filing is likely noise from a market-materiality perspective.
TL;DR: Disclosure aligns with Rule 144 mechanics; documentation shows equity-compensation-origin shares and routine sale notices.
The document identifies the nature of the acquired securities as PSUs and RSAs and specifies dates of acquisition and payment, which supports transparency around the insider's basis and eligibility to rely on Rule 144 resale provisions. The broker and exchange are named for the proposed transaction, and prior sales by the same individual in recent months are listed with gross proceeds, providing a clear trace of selling activity. The remarks block includes the required representation about nonpublic information but the provided content does not include populated notice date, plan adoption date, or signature fields; the absence of those entries in the excerpt should be confirmed against the complete filing.