Community Financial (CBU) files Form 144 to sell 1,440 RSU shares
Rhea-AI Filing Summary
Form 144 notice for Community Financial System, Inc. (CBU) reports a proposed sale of 1,440 common shares on 08/26/2025 through Charles Schwab. The filing lists an aggregate market value of $87,887.09 and shows 52,857,077 shares outstanding. The securities being offered were acquired via RSU vesting: 758 shares on 03/01/2025 and 682 shares on 03/07/2025, with payment/consideration marked as N/A. The filer indicates no other securities sold in the past three months and includes the standard representation that the seller is not aware of undisclosed material adverse information. The document is a regulatory notice of an intended insider sale and does not provide operational or financial performance details.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small planned insider sale disclosed; not material to company valuation based on provided figures.
The filing shows an intended sale of 1,440 shares valued at $87,887.09 against 52,857,077 shares outstanding, indicating the transaction is immaterial in absolute terms relative to the outstanding share count. The shares were acquired through recent RSU vesting (03/01/2025 and 03/07/2025), which is a common insider liquidity event. There are no reported sales in the prior three months, suggesting this is an isolated planned disposition rather than ongoing pattern disclosure. From a market-impact perspective, the disclosed size and nature of acquisition (compensation vesting) do not indicate a material change to capital structure or ownership concentrations based on the data provided.
TL;DR: Filing appears procedurally complete and contains required attestations; no undisclosed risk indicators in the form.
The Form 144 includes required elements: class of security, broker information (Charles Schwab), number of shares, aggregate market value, acquisition dates and nature (RSU vesting), and the seller's attestations regarding material nonpublic information. The absence of prior three-month sales is documented. The filing does not present any compliance red flags within the form's scope. It does not, however, provide contextual company information related to operations or financial condition, which is outside the form's purpose.