First Horizon (FHN) Form 144: Proposed $844k insider share sale
Rhea-AI Filing Summary
First Horizon Corporation (FHN) – Form 144 filing. An unidentified insider has filed a notice to sell up to 38,010 common shares through Fidelity Brokerage Services on or after 22 Jul 2025. The proposed sale has an estimated market value of $843,864.62, based on recent prices disclosed in the form.
The shares originate from two employee stock-option grants exercised on 22 Jul 2025 (grants dated 11 Feb 2019 and 19 Feb 2020), representing 12,475 and 25,535 shares, respectively. No other sales by the filer were reported in the past three months. With 507.2 million shares outstanding, the planned disposition equals roughly 0.0075 % of total shares—an immaterial float supply increase in absolute terms.
The signer affirms no undisclosed adverse information and acknowledges potential criminal liability for misstatements. While the dollar amount is modest relative to FHN’s market capitalization, investors often monitor Form 144s as an indicator of insider sentiment and forthcoming supply.
Positive
- None.
Negative
- Insider intends to sell 38,010 shares (~$844k), which some investors may view as a bearish signal despite the small percentage of outstanding shares.
Insights
TL;DR: Small insider sale (~$0.84 M; 0.0075 % float)—signal worth noting but unlikely to move FHN stock.
The filing discloses a routine monetisation of option-derived shares. Size is de-minimis relative to First Horizon’s >500 M share base, limiting dilution risk. However, any insider sale can be interpreted as a sentiment data-point, especially given the regional-bank sector’s heightened scrutiny. No red flags—no prior-quarter sales, proceeds are cash, and acquisition method is clearly documented. Impact on valuation or capital structure appears negligible; thus, I classify the event as not materially impactful.