Expedia (EXPE) Form 144: 852-Share Insider Sale via Morgan Stanley
Rhea-AI Filing Summary
Expedia Group, Inc. insider submitted a Form 144 to notify a proposed sale of 852 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $175,412.49. The filing shows the sale is to occur on or about 08/20/2025 on NASDAQ against a total of 118,192,131 shares outstanding.
The 852 shares were acquired through the companys Employee Stock Purchase Plan on three dates (148 shares on 02/28/2013, 251 shares on 01/16/2019, and 453 shares on 02/28/2012) and payment is listed as cash. No sales by the reporting person in the past three months are reported in this notice.
Positive
- Filing complies with Rule 144 disclosure requirements including broker, acquisition details, and intended sale date
- Transaction size is immaterial relative to 118,192,131 shares outstanding (852 shares total), limiting market impact
- Securities were acquired via ESPP, indicating the shares were earned through standard employee participation rather than recent opportunistic grants
Negative
- None.
Insights
TL;DR: Small, routine insider sale representing an immaterial fraction of shares outstanding; unlikely to affect valuation.
The notice discloses a planned sale of 852 shares worth $175,412.49, executed through a major brokerage. Relative to the company's 118.2 million shares outstanding, this position is extremely small, suggesting limited market impact. The shares were acquired via the Employee Stock Purchase Plan over multiple years and will be paid for in cash, indicating routine monetization of granted/earned holdings rather than liquidation of a large stake. No recent sales in the prior three months are reported, which reduces concerns about accelerated dispositions.
TL;DR: Filing aligns with Rule 144 disclosure practices; representation attests no undisclosed material information.
The Form 144 follows required disclosure conventions by listing acquisition dates, purchase method (ESPP), broker, and intended sale date. The signature representation reiterates the sellers attestation that no material nonpublic information is held, and no trading-plan language is included. Given the small size of the proposed sale, this appears procedural and consistent with standard insider liquidity management, not a governance red flag.