ESI insider files Form 144 to sell 77,674 shares valued at $2.08M
Rhea-AI Filing Summary
Element Solutions Inc (ESI) filed a Form 144 notifying a proposed sale of 77,674 common shares to be executed through Charles Schwab & Co., Inc. on 09/18/2025. The filing lists an aggregate market value of $2,079,931.00 and reports 241,616,672 shares outstanding. The shares were acquired on 09/18/2025 via an employee stock option exercise and the transaction notes a broker payment for a cashless exercise. No securities were reported sold by the person in the prior three months. The filer affirms no undisclosed material adverse information.
Positive
- Compliance filing: Form 144 filed to disclose the proposed sale, meeting Rule 144 requirements
- Transaction transparency: Details provided on shares, acquisition method, broker, date, and aggregate value
- Immaterial size: 77,674 shares represent approximately 0.032% of 241,616,672 outstanding shares, indicating limited capital-structure impact
Negative
- None.
Insights
TL;DR: Insider exercised options and plans a cashless sale of 77,674 shares valued at ~$2.08M; transaction appears routine and compliant.
The filing documents a contemporaneous exercise and proposed sale executed through a broker with proceeds offset by a cashless exercise. The position represents approximately 0.032% of outstanding shares (77,674 of 241,616,672), which is immaterial to capital structure. Absence of prior sales in the past three months and the broker-handled cashless mechanism are consistent with routine employee liquidity. No additional operational or financial disclosures are provided in this notice.
TL;DR: Form 144 is a standard compliance filing; it documents insider sale mechanics but contains no governance concerns.
The notice fulfills Rule 144 disclosure for a proposed sale and includes the required representation about material nonpublic information. The use of a broker for a cashless exercise reduces need for separate funding and is typical for option holders. The filing does not identify the filer by CIK/CCC in the provided text, but it otherwise supplies the essential transaction details. No material governance or disclosure red flags are evident within this submission.