[144] Cars.com Inc. SEC Filing
Cars.com Inc. (CARS) filed a Form 144 reporting a proposed sale of 15,000 shares of common stock through Merrill Lynch with an aggregate market value of $175,860.86, to be sold on the NYSE with an approximate sale date of 08/08/2025. The filing states there are 61,445,496 shares outstanding, and no securities were sold by the reporting person in the past three months.
The shares were originally acquired as restricted stock units from Cars.com on 03/02/2023, with the transaction shown as paid in cash on that date. The filing includes the signer’s representation that they are not aware of any undisclosed material adverse information about the issuer.
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Insights
TL;DR: Routine Rule 144 disclosure for a proposed sale of 15,000 CARS shares; filing shows acquisition via RSUs and no recent sales.
The Form 144 documents a planned sale through Merrill Lynch of 15,000 common shares valued at $175,860.86, with an approximate sale date of 08/08/2025 on the NYSE. The shares were acquired as restricted stock units on 03/02/2023 and recorded as paid in cash. The filing reports 61,445,496 shares outstanding and notes "Nothing to Report" for sales in the prior three months. This is a standard insider compliance filing that provides transparency about an intended disposition of equity tied to prior compensation.
TL;DR: Disclosure aligns with Rule 144 requirements and includes the required signer certification about material nonpublic information.
The filing includes the required statements about the seller’s representation on material nonpublic information and lists the broker (Merrill Lynch) and transaction specifics. It also documents the securities’ origin as company-granted RSUs. From a governance perspective, the form satisfies disclosure obligations and records that no aggregated sales occurred in the prior three months.