Form 144: Agnes C. Ngo Plans to Sell 3,333 CPF Shares via Raymond James
Rhea-AI Filing Summary
Central Pacific Financial Corporation filed a Form 144 reporting a proposed sale of 3,333 shares of common stock through Raymond James & Associates on the NYSE, with an aggregate market value of $91,524. The filing lists 27,065,570 shares outstanding and an approximate sale date of 08/12/2025.
The shares to be sold were acquired as stock awards: 400 shares on 02/28/2011 and 2,933 shares on 02/15/2022. The document also discloses three recent sales by the same seller, Agnes C. Ngo: 3,333 shares on 05/12/2025 ($92,346), 06/12/2025 ($89,848) and 07/15/2025 ($97,218). The notice includes the standard signature representation that the signer is not aware of undisclosed material adverse information.
Positive
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Negative
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Insights
TL;DR: Routine Form 144 filing for an insider sale of 3,333 shares; size is small relative to total outstanding, so market impact is likely neutral.
The filing specifies a proposed resale through Raymond James of 3,333 common shares with an aggregate market value of $91,524 and lists 27,065,570 shares outstanding. Acquisition details show the lots were granted as stock awards in 2011 (400 shares) and 2022 (2,933 shares). The filer, named as Agnes C. Ngo, also recorded three prior monthly sales in May, June and July 2025 with gross proceeds shown. From a trading-impact perspective, the sale size represents an immaterial fraction of the company’s outstanding shares and appears to be a routine disclosure rather than an indicator of company-level financial stress.
TL;DR: Form 144 documents compliance with resale rules and includes the customary certification about nondisclosure of material nonpublic information.
The notice records the broker (Raymond James & Associates), acquisition history (stock awards), and prior sales by the same individual over the past three months. It contains the standard attestation that the seller is unaware of any undisclosed material adverse information and warns of legal penalties for misstatements. This filing therefore serves primarily as a transparency and compliance disclosure; it does not present new corporate governance actions or changes in management based on the disclosed text.