STOCK TITAN

Second DRI Insider Disposal in 3 Months Totals $3.7 M

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Darden Restaurants (NYSE:DRI) filed a Form 144 indicating a proposed insider sale of 12,212 common shares through Morgan Stanley Smith Barney. The filing lists an aggregate market value of $2,670,939.03 and targets an approximate sale date of 06/25/2025.

The same seller, M John Martin, previously disposed of 5,091 shares for $1,062,431.12 on 03/25/2025, bringing cumulative disclosed sales to 17,303 shares over the past three months. Outstanding shares total 117,026,246, so the proposed transaction represents roughly 0.01% of shares outstanding but exceeds the $1 million materiality threshold for insider transactions.

Positive

  • None.

Negative

  • Proposed insider sale of 12,212 shares valued at $2.67 M could signal reduced insider confidence.
  • Seller already disposed of 5,091 shares for $1.06 M within the last three months, indicating ongoing liquidation.

Insights

TL;DR: $2.7 M planned insider sale adds supply pressure; signals possible profit-taking.

The filing signals that M John Martin intends to monetize 12,212 shares worth $2.67 M, following a $1.06 M sale three months earlier. While only 0.01 % of Darden’s float, the cash value is material under SEC guidelines and may be interpreted as reduced insider conviction, especially when combined with recent sales. No trading plan or relationship to the issuer is disclosed, limiting context. Investors often view successive insider disposals as a modest negative sentiment indicator.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

How many DRI shares are proposed to be sold under this Form 144?

The notice covers a planned sale of 12,212 common shares.

What is the market value of the DRI shares to be sold?

The aggregate market value reported is $2,670,939.03.

Who is the insider planning to sell DRI shares?

The filing references M John Martin as the person for whose account the securities will be sold.

Were there recent sales by the same insider?

Yes. On 03/25/2025, M John Martin sold 5,091 shares for $1,062,431.12.