[144] Delta Air Lines, Inc. SEC Filing
Rhea-AI Filing Summary
Delta Air Lines, Inc. (DAL) has filed a Form 144, indicating an insider’s intention to sell restricted stock that recently vested.
- Securities to be sold: 45,423 common shares
- Aggregate market value: $2,523,687.31
- Approximate sale date: 07/11/2025 on the NYSE through Fidelity Brokerage Services LLC
- Source of shares: Restricted stock vesting events on 02/01/2024 (19,733 shares), 01/25/2024 (14,001), 02/01/2023 (5,745) and 01/25/2023 (5,944)
- Shares outstanding: 652,948,402; proposed sale represents roughly 0.007% of total shares
- No other sales in the past three months were reported.
Form 144 is a notice only; it does not guarantee that the sale will occur. The filer represents that no undisclosed material adverse information is known.
Positive
- None.
Negative
- Insider selling signal: Planned disposition of 45,423 shares worth approximately $2.5 million could be perceived negatively, although the percentage of float is immaterial.
Insights
TL;DR: Insider plans to sell $2.5 M of DAL stock (0.007% float); routine, marginal impact.
Rule 144 filings alert the market to potential insider sales. The 45,423-share sale is modest relative to Delta’s 653 M shares outstanding and appears linked to standard compensation vesting, reducing signaling risk. No sales in the prior three months and the certification of no undisclosed adverse information further temper negative interpretation. Overall, the filing is procedural; liquidity impact and strategic implications for DAL are minimal.