[144] CECO ENVIRONMENTAL CORP SEC Filing

Rhea-AI Filing Summary

CECO Environmental Corp (CECO) notice shows a proposed sale of 98,101 common shares to be executed through Fidelity Brokerage Services on 09/22/2025 on NASDAQ, with an aggregate market value of $4,949,131.13. The filing reports total shares outstanding of 35,328,115, and indicates these shares were acquired by exercise of an option (option granted 07/06/2020) with cash payment on 09/22/2025. The filer also discloses recent sales by Todd R. Gleason of 100,000 shares on 09/18/2025 for $5,130,140.00 and 101,899 shares on 09/19/2025 for $5,025,668.77. The notice includes the required representation that the seller is not aware of undisclosed material adverse information about the issuer.

Insights

Securities Analyst

TL;DR: Routine insider sale notice showing option exercise and planned disposition of less than 1% of outstanding shares.

The filing documents a routine Rule 144 notice for 98,101 shares with an aggregate market value of $4.95M, acquired via option exercise. Prior reported disposals total 201,899 shares over two days, with gross proceeds disclosed. The quantities represent a small fraction of outstanding stock (~0.57% for the recent two-day sales), suggesting limited direct dilution or immediate market impact. The filing satisfies disclosure mechanics under Rule 144 but does not provide context on motivations or ongoing selling plans.

Corporate Governance Expert

TL;DR: Disclosure appears complete for Rule 144 purposes; shows option exercise and subsequent sales but gives no governance concerns by itself.

The notice identifies the acquisition as an option exercise (option dated 07/06/2020) and lists broker execution and specific sale dates and proceeds for recent transactions by Todd R. Gleason. From a governance perspective this is a standard insider liquidity event; the filing includes the statutory representation regarding undisclosed material information. No governance red flags (e.g., undisclosed related-party transactions or omissions) are evident from the provided text alone.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	98101	4949131.13	35328115	09/22/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/22/2025	Option Granted 07/06/2020	Issuer			98101	09/22/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Todd R. Gleason 5080 Spectrum Drive Suite 800E Addison TX 75001	Common	09/18/2025	100000	5130140.00
Todd R. Gleason 5080 Spectrum Drive Suite 800E Addison TX 75001	Common	09/19/2025	101899	5025668.77

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the CECO (CECO) Form 144 notice report?

The notice reports a proposed sale of 98,101 common shares on 09/22/2025 through Fidelity on NASDAQ, valued at $4,949,131.13.

How were the shares being sold by the filer acquired?

The shares were acquired by exercise of an option (option granted 07/06/2020) with payment in cash on 09/22/2025.

Has the filer sold other CECO shares recently?

Yes. Todd R. Gleason sold 100,000 shares on 09/18/2025 for $5,130,140.00 and 101,899 shares on 09/19/2025 for $5,025,668.77.

What portion of CECO's outstanding shares do these transactions represent?

The filing lists 35,328,115 shares outstanding; the proposed 98,101-share sale is a small fraction of that total.

Is there any claim of undisclosed material information in the filing?

The filer represents, by signing the notice, that they do not know of any material adverse information about the issuer that has not been publicly disclosed.