[144] Quest Diagnostics Inc. SEC Filing
Quest Diagnostics Inc. (DGX) has filed a Form 144 indicating an intended sale of 8,269 common shares through Fidelity Brokerage Services.
- Aggregate market value: $1,384,230.60 (based on the market price on the filing date).
- Percentage of shares outstanding: approx. 0.0074 % of the 111,823,441 shares outstanding — an immaterial level.
- Anticipated sale date: 07 / 30 / 2025 on the NYSE.
- Source of shares: options granted on 18 Feb 2019 (3,045 shares) and 18 Feb 2020 (5,224 shares); cash was paid upon exercise.
No shares were sold during the prior three months, and the signer represents no undisclosed adverse information. The filer’s name, relationship to the issuer, and 10b5-1 plan data were not disclosed in the excerpt.
- Immaterial size: planned sale represents only about 0.007 % of outstanding shares, limiting dilution or market impact.
- Insider selling signal: any insider liquidation, however small, can be viewed bearish if investors fear management’s outlook.
Insights
TL;DR – Minor insider sale: 0.007 % of float; likely negligible market impact.
The Form 144 signals a planned disposal of just 8,269 DGX shares worth roughly $1.4 million. Relative to Quest Diagnostics’ >111 million share base and $15 billion market cap, the sale is de-minimis and should not alter supply–demand dynamics. Such option-related sales are routine for executives to cover taxes or diversify. Absence of prior-quarter sales and the required attestation of no undisclosed negative information reduce concern. Still, insider selling may be perceived cautiously amid any broader weakness in the diagnostics sector.