[FWP] Citigroup Inc. Free Writing Prospectus
Hayward Holdings, Inc. (HAYW) – Form 144 filing discloses a proposed insider sale of 10,000 common shares through Fidelity Brokerage Services on 01 July 2025. The estimated aggregate market value of the planned sale is $145,000, versus 216.3 million shares outstanding, representing roughly 0.005 % of total shares. The same insider, identified in the past-sales table as Eifion Jones, has already disposed of 30,000 shares for $429,300 on 10 June 2025. No additional financial metrics, earnings data, or strategic information are included in the notice. The filing is chiefly a regulatory disclosure signalling potential insider intentions rather than a company-driven corporate action.
Hayward Holdings, Inc. (HAYW) – Comunicazione Form 144 rivela una proposta di vendita da parte di un insider di 10.000 azioni ordinarie tramite Fidelity Brokerage Services il 1 luglio 2025. Il valore di mercato stimato dell'operazione è di 145.000 $, rispetto a 216,3 milioni di azioni in circolazione, rappresentando circa lo 0,005% del totale. Lo stesso insider, identificato nella tabella delle vendite precedenti come Eifion Jones, ha già venduto 30.000 azioni per 429.300 $ il 10 giugno 2025. L’avviso non include ulteriori dati finanziari, risultati o informazioni strategiche. La comunicazione ha principalmente una funzione regolamentare, segnalando le intenzioni dell’insider più che un’azione aziendale promossa dalla società.
Hayward Holdings, Inc. (HAYW) – Presentación Formulario 144 revela una propuesta de venta por parte de un insider de 10,000 acciones comunes a través de Fidelity Brokerage Services el 1 de julio de 2025. El valor de mercado estimado de la venta planeada es de $145,000, frente a 216.3 millones de acciones en circulación, representando aproximadamente el 0.005% del total. El mismo insider, identificado en la tabla de ventas previas como Eifion Jones, ya ha vendido 30,000 acciones por $429,300 el 10 de junio de 2025. No se incluyen métricas financieras adicionales, datos de ganancias ni información estratégica en el aviso. La presentación es principalmente una divulgación regulatoria que señala posibles intenciones del insider más que una acción corporativa impulsada por la empresa.
Hayward Holdings, Inc. (HAYW) – Form 144 제출은 인사 내부자가 2025년 7월 1일 Fidelity Brokerage Services를 통해 10,000 보통주 매각을 제안했음을 공개합니다. 계획된 매각의 추정 총 시장 가치는 145,000달러이며, 총 발행 주식 수 2억 1,630만 주 중 약 0.005%에 해당합니다. 이전 매각 내역 표에 Eifion Jones로 명시된 동일한 내부자는 이미 2025년 6월 10일에 30,000주를 429,300달러에 처분했습니다. 추가적인 재무 지표, 수익 데이터 또는 전략적 정보는 공지에 포함되어 있지 않습니다. 이 제출 서류는 주로 내부자의 잠재적 의도를 알리는 규제 공개이며, 회사 주도의 기업 활동은 아닙니다.
Hayward Holdings, Inc. (HAYW) – Dépôt du formulaire 144 révèle la proposition d’une vente interne de 10 000 actions ordinaires via Fidelity Brokerage Services le 1er juillet 2025. La valeur marchande estimée de la vente prévue est de 145 000 $, sur un total de 216,3 millions d’actions en circulation, soit environ 0,005 % du total. Le même initié, identifié dans le tableau des ventes passées sous le nom de Eifion Jones, a déjà cédé 30 000 actions pour 429 300 $ le 10 juin 2025. Aucune donnée financière supplémentaire, résultat ou information stratégique n’est incluse dans l’avis. Ce dépôt constitue principalement une divulgation réglementaire signalant d’éventuelles intentions de l’initié, plutôt qu’une action d’entreprise initiée par la société.
Hayward Holdings, Inc. (HAYW) – Form 144 Einreichung offenbart einen geplanten Insider-Verkauf von 10.000 Stammaktien über Fidelity Brokerage Services am 1. Juli 2025. Der geschätzte Gesamtmarktwert des geplanten Verkaufs beträgt 145.000 $, bei 216,3 Millionen ausstehenden Aktien, was etwa 0,005 % der Gesamtaktien entspricht. Derselbe Insider, der in der Tabelle der vergangenen Verkäufe als Eifion Jones identifiziert wird, hat bereits am 10. Juni 2025 30.000 Aktien für 429.300 $ veräußert. Weitere finanzielle Kennzahlen, Gewinnzahlen oder strategische Informationen sind in der Mitteilung nicht enthalten. Die Einreichung ist vor allem eine regulatorische Offenlegung, die potenzielle Absichten des Insiders signalisiert und keine unternehmensgesteuerte Maßnahme darstellt.
- None.
- Consecutive insider sales (40,000 shares within three weeks) may be viewed negatively by investors despite representing only 0.019 % of shares outstanding.
Insights
TL;DR: Minor insider sale; negligible ownership impact but may signal modest sentiment shift.
The Form 144 reveals Eifion Jones intends to sell 10,000 HAYW shares (~$145k) after a recent 30,000-share sale. Combined, the 40,000 shares represent only 0.019 % of the 216 million shares outstanding, so the transaction is immaterial in float terms. Nonetheless, consecutive insider sales can influence perception, especially absent offsetting insider purchases. No mention of a 10b5-1 plan is provided, leaving the market to interpret motive. Given the modest size and lack of new operational data, I view the filing as neutral-to-slightly negative for sentiment but not financially impactful.
TL;DR: Routine compliance filing; signals insider liquidity event, not corporate policy change.
Form 144 is a standard notice required before Rule 144 sales. The issuer faces no dilution, governance issue, or capital-structure change. The seller certifies no material non-public information. Absence of a 10b5-1 plan date suggests discretionary timing, which investors may scrutinize. Still, the scale is far below thresholds that would typically trigger board or market concern. From a governance standpoint, this is a non-event unless a broader pattern of insider selling develops.
Hayward Holdings, Inc. (HAYW) – Comunicazione Form 144 rivela una proposta di vendita da parte di un insider di 10.000 azioni ordinarie tramite Fidelity Brokerage Services il 1 luglio 2025. Il valore di mercato stimato dell'operazione è di 145.000 $, rispetto a 216,3 milioni di azioni in circolazione, rappresentando circa lo 0,005% del totale. Lo stesso insider, identificato nella tabella delle vendite precedenti come Eifion Jones, ha già venduto 30.000 azioni per 429.300 $ il 10 giugno 2025. L’avviso non include ulteriori dati finanziari, risultati o informazioni strategiche. La comunicazione ha principalmente una funzione regolamentare, segnalando le intenzioni dell’insider più che un’azione aziendale promossa dalla società.
Hayward Holdings, Inc. (HAYW) – Presentación Formulario 144 revela una propuesta de venta por parte de un insider de 10,000 acciones comunes a través de Fidelity Brokerage Services el 1 de julio de 2025. El valor de mercado estimado de la venta planeada es de $145,000, frente a 216.3 millones de acciones en circulación, representando aproximadamente el 0.005% del total. El mismo insider, identificado en la tabla de ventas previas como Eifion Jones, ya ha vendido 30,000 acciones por $429,300 el 10 de junio de 2025. No se incluyen métricas financieras adicionales, datos de ganancias ni información estratégica en el aviso. La presentación es principalmente una divulgación regulatoria que señala posibles intenciones del insider más que una acción corporativa impulsada por la empresa.
Hayward Holdings, Inc. (HAYW) – Form 144 제출은 인사 내부자가 2025년 7월 1일 Fidelity Brokerage Services를 통해 10,000 보통주 매각을 제안했음을 공개합니다. 계획된 매각의 추정 총 시장 가치는 145,000달러이며, 총 발행 주식 수 2억 1,630만 주 중 약 0.005%에 해당합니다. 이전 매각 내역 표에 Eifion Jones로 명시된 동일한 내부자는 이미 2025년 6월 10일에 30,000주를 429,300달러에 처분했습니다. 추가적인 재무 지표, 수익 데이터 또는 전략적 정보는 공지에 포함되어 있지 않습니다. 이 제출 서류는 주로 내부자의 잠재적 의도를 알리는 규제 공개이며, 회사 주도의 기업 활동은 아닙니다.
Hayward Holdings, Inc. (HAYW) – Dépôt du formulaire 144 révèle la proposition d’une vente interne de 10 000 actions ordinaires via Fidelity Brokerage Services le 1er juillet 2025. La valeur marchande estimée de la vente prévue est de 145 000 $, sur un total de 216,3 millions d’actions en circulation, soit environ 0,005 % du total. Le même initié, identifié dans le tableau des ventes passées sous le nom de Eifion Jones, a déjà cédé 30 000 actions pour 429 300 $ le 10 juin 2025. Aucune donnée financière supplémentaire, résultat ou information stratégique n’est incluse dans l’avis. Ce dépôt constitue principalement une divulgation réglementaire signalant d’éventuelles intentions de l’initié, plutôt qu’une action d’entreprise initiée par la société.
Hayward Holdings, Inc. (HAYW) – Form 144 Einreichung offenbart einen geplanten Insider-Verkauf von 10.000 Stammaktien über Fidelity Brokerage Services am 1. Juli 2025. Der geschätzte Gesamtmarktwert des geplanten Verkaufs beträgt 145.000 $, bei 216,3 Millionen ausstehenden Aktien, was etwa 0,005 % der Gesamtaktien entspricht. Derselbe Insider, der in der Tabelle der vergangenen Verkäufe als Eifion Jones identifiziert wird, hat bereits am 10. Juni 2025 30.000 Aktien für 429.300 $ veräußert. Weitere finanzielle Kennzahlen, Gewinnzahlen oder strategische Informationen sind in der Mitteilung nicht enthalten. Die Einreichung ist vor allem eine regulatorische Offenlegung, die potenzielle Absichten des Insiders signalisiert und keine unternehmensgesteuerte Maßnahme darstellt.
Citigroup Global Markets Holdings Inc. Guaranteed by Citigroup Inc. 7 Year Autocallable Market - Linked Securities Linked to CIISDA5N Preliminary Terms This summary of terms is not complete and should be read with the preliminary pricing supplement below Citigroup Global Markets Holdings Inc. Issuer: Citigroup Inc. Guarantor: The Citi Dynamic Asset Selector 5 Excess Return Index (ticker: “CIISDA5N”) Index: July 28, 2025 Pricing date: Annually, beginning approximately one year after issuance Valuation dates: July 28, 2032 Final valuation date: August 2, 2032 Maturity date: 100.00% Upside participation rate: If on any valuation date prior to the final valuation date the closing level of the Index is greater than or equal to the premium threshold level, the securities will be automatically redeemed for $1,000 plus the premium Automatic early redemption: At least 7.00% per annum* Premium: 100.50% of the initial index level on each valuation date until one year after issuance, increasing by 0.50% annually Premium threshold level: 17333LEG6 / US17333LEG68 CUSIP / ISIN: The closing level of the Index on the pricing date Initial index level: The closing level of the Index on the final valuation date Final index level: (Final index level - initial index level) / initial index level Index return: If the final index level is greater than the initial index level: $1,000 п the index return п the upside participation rate If the final index level is less than or equal to the initial index level: $0 All payments on the securities are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. Return amount: If the securities are not automatically redeemed prior to maturity, you will receive at maturity for each security you then hold, the stated principal amount plus the return amount, which will be either zero or positive Payment at maturity (if not autocalled): $1,000 per security Stated principal amount: Preliminary Pricing Supplement dated June 30, 2025 Preliminary pricing supplement: * The actual premium will be determined on the pricing date.
Citigroup Global Markets Holdings Inc. Guaranteed by Citigroup Inc. Hypothetical Interim Payment per Security ** Hy p ot h e t i cal Redemption Premium Premium Threshold Level Valuation Date on which the Closing Level of the Index Equals or Exceeds Premium Threshold Level $1,07 0 .00 7.00% 100.50% July 28, 2026 $1,14 0 .00 14.00% 101.00% July 28, 2027 $1,21 0 .00 21.00% 101.50% July 28, 2028 $1,28 0 .00 28.00% 102.00% July 30, 2029 $1,35 0 .00 35.00% 102.50% July 29, 2030 $1,42 0 .00 42.00% 103.00% July 28, 2031 If the closing level of the Index is not greater than or equal to the premium threshold level on any interim valuation date, then the securities will not be automatically redeemed prior to maturity and you will not receive a premium. ** The hypotheticals assume that the premium will be set at the lowest value indicated in this offering summary. Hypothetical Payment at Maturity per Security The Securities The Index Assumes the securities have not been automatically redeemed prior to maturity. Hypothetical Payment at Maturity Hypothetical Security Return Hypothetical Index Return on Final Valuation Date $1,500.00 50.00% 50.00% $1,250.00 25.00% 25.00% B $1,050.00 5.00% 5.00% $1,000.00 0.00% 0.00% $1,000.00 0.00% - 25.00% $1,000.00 0.00% - 50.00% A $1,000.00 0.00% - 100.00%
Citigroup Global Markets Holdings Inc. Guaranteed by Citigroup Inc. Key Features of the Index • Created by Citigroup Global Markets Limited and launched on June 13, 2016. • Tracks the hypothetical performance of a rules - based investment methodology that, on each Index Business Day, seeks to identify current U.S. equity market conditions as falling within one of four possible “Market Regimes” based on trend and volatility Signals. Depending on the identified Market Regime, Index exposure is allocated to one of three possible hypothetical investment “Portfolios”, each consisting of varying degrees of exposure to the following two “Constituents”: Reference Asset Underlying Futures Contract Constituent S&P 500 Index E - mini S&P 500 Futures S&P 500 Futures Excess Return Index (“U.S. Equity Futures Constituent”) 10 - Year U.S. Treasury Notes 10 - Year U.S. Treasury Note Futures S&P 10 - Year U.S. Treasury Note Futures Excess Return Index (“U.S. Treasury Futures Constituent”) • Each Constituent tracks a hypothetical investment, rolled quarterly, in the nearest - to - expiration futures contract on the Reference Asset indicated in the table above. • The Index relies on backward - looking trend and volatility Signals to determine which Market Regime is currently in effect and, in turn, which Portfolio to track until there is a change in the Market Regime (the Portfolio tracked at any time referred to as the “Selected Portfolio”). • On each Index Business Day, the Index calculates: • Trend Signal : The trend of the performance of the U . S . Equity Futures Constituent over a look - back period of 21 Index Business Days (approximately one month), measured by a linear regression methodology . The Trend Signal will be either “upward” or “downward” . • Volatility Signal : The realized volatility of the U . S . Equity Futures Constituent over a lookback period of 63 Index Business Days (approximately three months) . • The following table indicates the Market Regime that will be identified for each possible combination of Signals and, for each Market Regime, the corresponding Portfolio that will be selected as the Selected Portfolio to be tracked until the next change in Market Regime. Selected Portfolio Market Regime Signals Equity - Focused Portfolio » U.S. Equity Futures Constituent: 66.66% » U.S. Treasury Futures Constituent: 33.33% Stable - Trending Up Trend Signal: Upward Volatility Signal: ≤ 15% Intermediate Portfolio » U.S. Equity Futures Constituent: 33.33% » U.S. Treasury Futures Constituent: 66.66% U n sta b l e - T r e nd i n g Up Trend Signal: Upward Volatility Signal: > 15% S ta b l e - T r e nd i n g Down Trend Signal: Downward Volatility Signal: ≤ 15% Treasury Portfolio » U.S. Equity Futures Constituent: 0.00% » U.S. Treasury Futures Constituent: 100.00% U n sta b l e - T r e nd i n g Down Trend Signal: Downward Volatility Signal: > 15% • If the Trend Signal fails to meet a test of statistical significance, then a change in Market Regime will not occur and the Selected Portfolio will not change, even if the Signals otherwise call for a change. • Index fee of 0.85% per annum is deducted daily from Index performance. • “Volatility target” feature may reduce Index exposure to Selected Portfolio if and as necessary to maintain a 21 - day realized volatility ≤ 5%. If the Index exposure to the Selected Portfolio is less than 100%, the difference will be hypothetically allocated to cash (accruing no interest). Selected Risk Considerations • You may not receive any return on your investment in the securities. If the closing level of the Index is not greater than or equal to the applicable premium threshold level on any valuation date prior to the final valuation date, then the securities will not be automatically redeemed at a premium. In that event, you will receive a positive return on your investment in the securities only if the Index appreciates from the initial index level to the final index level. If the final index level is less than or equal to the initial index level, you will receive only the stated principal amount for each security you hold at maturity. • Your potential return on the securities in connection with an automatic early redemption is limited. • The term of the securities may be as short as one year. • The securities do not pay interest. • Your return on the securities depends on the closing level of the Index on only the valuation dates. • The securities are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. If Citigroup Global Markets Holdings Inc. defaults on its obligations under the securities and Citigroup Inc. defaults on its guarantee obligations, you may not receive anything owed to you under the securities. • Sale of the securities prior to maturity may result in a loss of principal. • The securities will not be listed on any securities exchange and you may not be able to sell them prior to maturity. • The estimated value of the securities on the pricing date will be less than the issue price . For more information about the estimated value of the securities, see the accompanying preliminary pricing supplement . • The value of the securities prior to maturity will fluctuate based on many unpredictable factors. • The issuer and its affiliates may have conflicts of interest with you. • The Index is a trend - following index and is subject to the limitations inherent in all trend - following methodologies, including the fact that past performance is no guarantee of future performance. Furthermore, the Index’s trend - following methodology may be unsuccessful even if past trends do prove to be indicative of future performance, because the Trend Signal may not accurately capture the trend or the Index may not change its Selected Portfolio quickly enough in response to changes in the Market Regime. • Each Constituent is a futures - based index and is therefore expected to reflect the implicit cost of a financed position in its Reference Asset. This implicit financing cost will adversely affect the level of each Constituent and cause each Constituent to underperform its Reference Asset. Any increase in market interest rates will be expected to increase this implicit financing cost and will further adversely affect the performance of the Constituents and, therefore, the performance of the Index. • The Index rules limit the exposure the Index may have to the U.S. Equity Futures Constituent and, as a result, the Index is likely to significantly underperform equities in rising equity markets. • The Index will have significant exposure to the U.S. Treasury Futures Constituent, which has limited return potential and significant downside potential, particularly in times of rising interest rates. • The volatility - targeting feature significantly reduces the potential for Index gains. At any time when the Index has less than 100% exposure to the Selected Portfolio, the Index will participate in only a limited degree of the performance of the Selected Portfolio. • The Index’s allocation methodology may not be successful if the U.S. Equity Futures Constituent and the U.S. Treasury Futures Constituent decline at the same time. • The Index may fail to maintain its volatility target. Because there is a time lag inherent in the Index’s volatility targeting feature, the Index may retain significant exposure to the U.S. Equity Futures Constituent long after a period of heightened volatility has begun, which may result in significant Index declines. • The performance of the Index will be reduced by an index fee. • The Index was launched on June 13, 2016 and, therefore, has a limited performance history. • The Index follows fixed rules and will not be actively managed. The above summary of selected risks does not describe all of the risks associated with an investment in the securities. You should read the
Citigroup Global Markets Holdings Inc. Guaranteed by Citigroup Inc. Additional Information Citigroup Global Markets Holdings Inc. and Citigroup Inc. have filed registration statements (including the accompanying preliminary pricing supplement, index supplement, prospectus supplement and prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the accompanying preliminary pricing supplement, index supplement, prospectus supplement and prospectus in those registration statements (File Nos. 333 - 270327 and 333 - 270327 - 01) and the other documents Citigroup Global Markets Holdings Inc. and Citigroup Inc. have filed with the SEC for more complete information about Citigroup Global Markets Holdings Inc., Citigroup Inc. and this offering. You may obtain these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request these documents by calling toll - free 1 - 800 - 831 - 9146. Filed pursuant to Rule 433 This offering summary does not contain all of the material information an investor should consider before investing in the securities. This offering summary is not for distribution in isolation and must be read together with the accompanying preliminary pricing supplement and the other documents referred to therein, which can be accessed via the link on the first page.
FAQ
How many Hayward Holdings (HAYW) shares are insiders planning to sell?
What is the estimated value of the proposed HAYW share sale?
Who is the insider selling Hayward Holdings shares?
When will the HAYW insider sale occur?
How significant is the sale relative to Hayward Holdings’ share count?
