Espey (ESP) files Form 144 for $78k insider stock sale

Rhea-AI Filing Summary

Espey Mfg. & Electronics Corp. (ESP) has filed a Form 144 to notify the market of a planned insider sale. David A. O'Neil intends to sell 1,958 common shares, valued at roughly $78,404, through Morgan Stanley Smith Barney on the NYSE around 23 June 2025. The shares were just acquired the same day via the exercise of employee stock options and represent approximately 0.07 % of the company’s 2,831,399 shares outstanding.

The filing also details O'Neil’s prior activity: over the past three months he disposed of 12,000 ESP shares for aggregate gross proceeds of about $403,000. Rule 144 certification affirms that the seller is unaware of any undisclosed material adverse information. The notice contains no operational, earnings, or strategic updates; it is limited to disclosure of the proposed sale and historical insider sales.

Positive

• Sale size is only 1,958 shares (0.07% of outstanding), suggesting limited dilution or market pressure
• Filing demonstrates compliance with Rule 144 requirements, indicating transparent and orderly disposition

Negative

• Continuation of insider selling—12,000 shares already sold in prior three months, potentially signaling reduced insider confidence
• No accompanying business update, leaving investors without new information to offset negative sentiment from the sale

Insights

Securities Analyst

TL;DR: Small (0.07%) insider sale; continued selling trend but limited absolute impact.

O'Neil’s planned divestiture of 1,958 shares is immaterial in percentage terms, yet it continues a three-month trend of insider selling totaling 12,000 shares. While the dollar value is minor and may simply reflect portfolio diversification after option exercises, repeated sales can weigh on sentiment, especially for thinly traded micro-caps like ESP. No operational data accompanies the filing, so valuation fundamentals remain unchanged.

Corporate Governance Expert

TL;DR: Routine Rule 144 filing; compliance intact, but signaling risk from sustained insider selling.

The form evidences proper adherence to SEC Rule 144, indicating transparent intent and certification of no undisclosed adverse information. However, consecutive transactions by the same insider can raise governance questions about confidence in future prospects, although size (under 2,000 shares) is negligible relative to float. Investors should monitor for additional sales or 10b5-1 plans to gauge whether this is systematic liquidation or ordinary exercise-and-sell behavior.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	1958	78404.00	2831399	06/23/2025	NYSE

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	06/23/2025	Exercise of options under a registered plan	Issuer			1958	06/23/2025	Cash

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
DAVID A. O'NEIL 233 Ballston Avenue Saratoga Springs NY 12866	Common	06/03/2025	1023	38874.00
DAVID A. O'NEIL 233 Ballston Avenue Saratoga Springs NY 12866	Common	05/29/2025	1977	75220.11
DAVID A. O'NEIL 233 Ballston Avenue Saratoga Springs NY 12866	Common	05/23/2025	999	35964.00
DAVID O'NEIL 233 Ballston Avenue Saratoga Springs NY 12866	Common	05/21/2025	314	11304.00
DAVID O'NEIL 233 Ballston Avenue Saratoga Springs NY 12866	Common	05/20/2025	687	24735.78
DAVID A. O'NEIL 233 Ballston Avenue Saratoga Springs NY 12866	Common	05/19/2025	5000	179000.00
DAVID A. ONEIL 233 Ballston Avenue Saratoga Springs NY 12866	Common	05/15/2025	2000	73042.80

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many ESP shares are being proposed for sale in the latest Form 144?

1,958 common shares are slated for sale.

What percentage of Espey Mfg. & Electronics (ESP) outstanding shares does the 1,958-share sale represent?

Approximately 0.07 % of the 2,831,399 shares outstanding.

When is the planned sale date for the ESP shares?

The approximate sale date disclosed is 23 June 2025.

Which broker is handling the insider sale of ESP shares?

Morgan Stanley Smith Barney LLC – Executive Financial Services will execute the trade.

How many ESP shares has the insider sold during the past three months?

A total of 12,000 shares, generating about $403,000 in gross proceeds.

What is the aggregate market value of the shares to be sold under this Form 144?

The filing lists an aggregate value of $78,404 for the 1,958 shares.