[144] CNA FINANCIAL CORP SEC Filing

Rhea-AI Filing Summary

CNA Financial Corp Form 144 notice: The filing reports proposed sale of 6,250 shares of common stock through Fidelity Brokerage Services, with an aggregate market value of $289,062.50 and an approximate sale date of 10/01/2025 on the NYSE. The issuer has 270,665,399 shares outstanding.

The securities were acquired by vesting of a performance share plan on 03/15/2023 (6,250 shares). The filer, Dino Robusto c/o CNA Financial Corp, also reported three prior sales in the past three months: 6,250 shares on 07/01/2025 for $290,000.00, 6,250 on 08/04/2025 for $281,250.00, and 6,250 on 09/02/2025 for $306,250.00.

Positive

• Timely regulatory disclosure via Form 144 for proposed sale
• Securities were acquired by vesting of a performance share plan (03/15/2023), not by undisclosed purchase arrangements

Negative

• Insider sales reported: 6,250 shares sold in each of July, August and September 2025 and another 6,250 proposed for 10/01/2025
• Ongoing disposal of vested shares could be perceived as insider liquidity rather than long-term holding

Insights

Corporate Governance Expert

TL;DR: Routine insider disclosure shows scheduled sale of vested shares; filing meets Rule 144 reporting requirements.

The Form 144 documents a planned disposal of shares acquired through a performance share vesting event on 03/15/2023 and lists recent sales in July, August and September 2025. From a governance perspective, timely disclosure via Form 144 supports transparency and regulatory compliance. The filing does not include any statements about material non-public information and contains the standard attestation regarding lack of undisclosed adverse information. No additional corporate governance events are disclosed.

Securities Analyst

TL;DR: Continued insider selling of vested awards may be modestly negative but the filing alone gives limited valuation insight.

The filer sold 18,750 shares over the past three months and proposes another 6,250-share sale on 10/01/2025. While the absolute number of shares and gross proceeds are stated, the filing does not provide context on percentage stake held or intent beyond sale, limiting conclusions about market impact. For investors, the activity signals insider liquidity but the Form 144 itself contains no operational or financial performance data.

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

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 Stock	Fidelity Brokerage Services LLC 245 Summer Street Boston MA 02110	6250	289062.50	270665399	10/01/2025	NYSE

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	03/15/2023	Vesting of PSP	Issuer			6250	03/15/2023	N/A

* 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
Dino Robusto c/o CNA Financial Corp 151 N. FRANKLIN Chicago IL 60606	Common Stock	07/01/2025	6250	290000.00
Dino Robusto c/o CNA Financial Corp 151 N. FRANKLIN Chicago IL 60606	Common Stock	08/04/2025	6250	281250.00
Dino Robusto c/o CNA Financial Corp 151 N. FRANKLIN Chicago IL 60606	Common Stock	09/02/2025	6250	306250.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 CNA's Form 144 filed for Dino Robusto disclose?

The filing discloses a proposed sale of 6,250 common shares through Fidelity on 10/01/2025, acquired by vesting on 03/15/2023.

How many shares has Dino Robusto sold recently according to this filing?

The filer reported sales of 6,250 shares on 07/01/2025, 6,250 on 08/04/2025, and 6,250 on 09/02/2025.

What were the gross proceeds of the recent insider sales?

Reported gross proceeds were $290,000.00 (07/01/2025), $281,250.00 (08/04/2025), and $306,250.00 (09/02/2025).

How many outstanding shares does CNA report in the Form 144?

The filing lists 270,665,399 shares outstanding.

Through which broker will the proposed sale be executed?

The proposed sale is to be executed through Fidelity Brokerage Services LLC (245 Summer Street, Boston, MA).