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Eastern Bankshares (NASDAQ: EBC) director plans sale after $236K trade

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Eastern Bankshares, Inc. (EBC) has a notice under Rule 144 for a planned sale of restricted or control common stock held for the account of director Joseph Casey. The filing covers 10,000 shares of common stock, with an indicated aggregate market value of $228,800.00, to be sold on NASDAQ through Fidelity Brokerage Services LLC. The notice also reports that Joseph Casey sold 10,000 shares of Eastern Bankshares common stock in the last three months for $236,200.00.

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Shares to be sold 10,000 shares Common stock covered by the Rule 144 notice for Joseph Casey
Aggregate market value (planned sale) $228,800.00 Value of 10,000 Eastern Bankshares common shares in the Rule 144 notice
Past 3 months shares sold 10,000 shares Common stock sold by Joseph Casey during the past three months
Proceeds from past 3 months sale $236,200.00 Value of Eastern Bankshares common shares sold on 08/19/2026
CUSIP for common stock 228511552 CUSIP associated with Eastern Bankshares, Inc. common stock
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Form 144 regulatory
"144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Open Market Purchase financial
"Common | 02/13/2026 | Open Market Purchase | Issuer"
An open market purchase is when a company buys its own shares on public stock exchanges the same way any investor would, rather than through a private deal. Investors care because these purchases reduce the number of shares available, can boost earnings per share and share price, signal that management thinks the stock is undervalued, and use company cash that might otherwise go to reinvestment or dividends — like a business quietly buying back its own tickets at the box office.
aggregate market value financial
"Common | Fidelity Brokerage Services LLC ... | 10000 | 228800.00"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
attorney-in-fact regulatory
"as attorney-in-fact for Joseph Casey"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What does the Form 144 filing mean for Eastern Bankshares, Inc. (EBC)?

The Form 144 reports that a director, Joseph Casey, has filed a notice to sell 10,000 shares of Eastern Bankshares common stock under Rule 144, indicating an intention to resell restricted or control securities through the market.

How many Eastern Bankshares (EBC) shares are covered by this Form 144?

The notice covers 10,000 shares of Eastern Bankshares common stock. The filing lists an aggregate market value of $228,800.00 for these shares, based on the market price used when preparing the notice.

Who is selling Eastern Bankshares (EBC) shares under this Form 144?

The securities are held for the account of Joseph Casey, identified as a director of Eastern Bankshares, Inc. Fidelity Brokerage Services LLC is listed in connection with the common stock position and acts as the broker on the transaction.

What prior sales by Joseph Casey in Eastern Bankshares (EBC) are disclosed?

The filing discloses that 10,000 shares of Eastern Bankshares common stock were sold for $236,200.00 within the past three months, on a trade date of 08/19/2026, as part of the required Rule 144 aggregation information.

On which market will the Eastern Bankshares (EBC) Rule 144 shares be sold?

The notice states that the 10,000 shares of Eastern Bankshares common stock are expected to be sold on NASDAQ. The Form 144 identifies the security as common stock of Eastern Bankshares, Inc., listed for trading on that market.

What is the indicated value of the Eastern Bankshares (EBC) shares in this Form 144?

For the planned Rule 144 sale, the filing lists an aggregate market value of $228,800.00 for the 10,000 shares of Eastern Bankshares common stock, reflecting the market price reference used at the time of the notice.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

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