[144] Core & Main, Inc. SEC Filing

Rhea-AI Filing Summary

Core & Main, Inc. (CNM) has filed a Form 144 disclosing a planned Rule 144 sale of 44,972 Class A shares with an aggregate market value of $2.78 million. The proposed sale is scheduled for 07 July 2025 through Fidelity Brokerage Services on the NYSE. The filing also lists a prior sale by Stephen Leclair of 80,028 Class A shares on 03 July 2025, which generated $4.98 million in gross proceeds. Total shares outstanding are stated as 189.65 million, so the new sale represents roughly 0.024% of the float. The shares to be sold were acquired via a stock option granted on 11 March 2022 and exercised for cash on 07 July 2025. No adverse, non-public information is asserted by the filer, and the notice affirms compliance with Rule 10b5-1 trading-plan requirements.

Positive

• Transparent compliance with Rule 144 and Rule 10b5-1 demonstrates procedural adherence and reduces the risk of insider-trading allegations.

Negative

• Back-to-back insider sales (80,028 shares already sold and 44,972 more planned) may be perceived as a bearish signal regarding management’s confidence.
• Share overhang risk, albeit minor (≈0.024 % of outstanding), could exert short-term pressure on CNM’s stock price.

Insights

Securities Analyst

TL;DR: Insider plans to sell 44,972 CNM shares after an 80,028-share sale; modest size but may signal profit-taking.

The Form 144 indicates continued insider selling activity tied to option exercises. Although the absolute amount (≈$2.8 M) is immaterial against CNM’s 190 M share base, sequential insider disposals within days can raise questions about management’s outlook or personal liquidity needs. Because the transaction is pre-disclosed and executed under Rule 144, market impact should be limited, yet traders often view concentrated insider selling—especially following recent sizable sales—as a mildly negative sentiment indicator. Overall, the filing is informative but not fundamentally transformative to valuation.

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
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	44972	2784411.63	189654473	07/07/2025	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 *
Class A	07/07/2025	Option Granted - 03/11/2022	Issuer			44972	07/07/2025	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
Stephen Leclair 1830 Craig Park Court St. Louis MO 63146	Class A	07/03/2025	80028	4983127.48

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

How many Core & Main (CNM) shares are being registered for sale under this Form 144?

44,972 Class A shares are proposed for sale.

What is the aggregate market value of the CNM shares to be sold?

The filing lists an aggregate market value of $2,784,411.63 for the proposed sale.

Who is the seller named in the recent CNM insider transactions?

The Securities Sold During the Past 3 Months section identifies Stephen Leclair as the seller.

When is the planned sale of Core & Main shares expected to occur?

The approximate sale date provided is 07 July 2025.

How large is the planned sale relative to CNM’s total shares outstanding?

At 0.024 % of the 189,654,473 shares outstanding, the sale is quantitatively small.