[144] QUEST DIAGNOSTICS INC SEC Filing
Form 144 filed for Quest Diagnostics (DGX) reports a proposed sale of common stock and recent related transactions. The notice shows an intended sale of 175 shares through Fidelity Brokerage Services with an aggregate market value of $32,729 and an approximate sale date of 09/24/2025 on the NYSE. The 175 shares were acquired by option exercise on 09/24/2025 with cash payment. The filing also discloses a separate sale on 09/23/2025 by Michael Prevoznik of 28,288 common shares for gross proceeds of $5,293,312.79. The filer certifies no undisclosed material adverse information and references Rule 10b5-1 procedures.
- Proper compliance with Rule 144 disclosure requirements including broker, share counts, market value and acquisition details
- Inclusion of representation that the seller does not possess undisclosed material adverse information and reference to Rule 10b5-1, which reduces regulatory uncertainty
- Recent large insider sale by Michael Prevoznik of 28,288 shares for $5,293,312.79 may raise questions about insider selling pressure or timing
- Limited context provided about the reason for the prior large sale or whether it was part of a pre-arranged trading plan
Insights
TL;DR: Routine Rule 144 notice showing a small scheduled sale and a recent sizable insider sale the day before.
The filing documents a proposed sale of 175 shares (aggregate value $32,729) via Fidelity and confirms acquisition by option exercise on the same date. Separately, an insider, Michael Prevoznik, sold 28,288 shares on 09/23/2025 for $5,293,312.79. From a market-impact perspective, the 175-share proposed sale is immaterial; the prior 28,288-share sale generated material proceeds but the filing contains no context on continuing selling intent or strategic rationale. The compliance statements and mention of Rule 10b5-1 are standard and reduce regulatory risk related to timing.
TL;DR: Disclosure is procedurally complete but provides limited governance context about insider selling.
The form meets Rule 144 disclosure requirements by identifying broker, share counts, market value, and acquisition details (option grant dated 02/19/2018). The signature representation about no undisclosed material adverse information is included, and a 10b5-1 reference appears. However, the filing does not state whether the prior large sale was part of a pre-established trading plan or the filers ongoing intentions, which limits governance transparency for investors evaluating insider alignment with shareholders.