FN Form 144 Filed for 9,513 Shares from RSU/PSU Vesting
Rhea-AI Filing Summary
Form 144 notice for Fabrinet (FN) indicates a proposed sale of 9,513 ordinary shares through Bay Crest Partners on the NYSE with an aggregate market value of 3,145,569 and approximately 35,729,581 shares outstanding. The shares to be sold were acquired by the selling person as vested RSU and PSU grants on 08/19/2023 (2,599 shares), 08/20/2023 (4,392 shares) and 08/24/2024 (2,522 shares), matching the total offered for sale.
The notice reports no securities sold by the same person in the past three months and includes the standard representation that the seller is not aware of undisclosed material adverse information about the issuer. The form identifies the broker, planned approximate sale date of 08/27/2025, and nature of payment as vesting of equity awards.
Positive
- Full disclosure of transaction details: share counts, acquisition dates, nature of acquisition, broker, and approximate sale date are provided
- Securities were acquired via vesting of RSUs/PSUs, indicating compensation origin rather than an open-market purchase financed by third parties
Negative
- None.
Insights
TL;DR: Routine insider sale notice for vested equity—limited immediate material impact on FN's fundamentals.
The Form 144 documents a planned brokered sale of 9,513 shares acquired through compensation vesting. The aggregate value cited (~3.15 million) should be interpreted relative to the issuer's public float and outstanding shares; here the sale size is small versus total outstanding shares (9,513 versus 35.7 million). There are no reported sales by this person in the prior three months, and the filing contains the standard representation about undisclosed material information. This appears to be an administrative disclosure required under Rule 144 rather than a signal of corporate or operational change.
TL;DR: Compliance-focused disclosure of vested-equity sale; raises no governance red flags on its face.
The notice shows proceeds will come from vested RSUs/PSUs and names the executing broker. The seller affirms no undisclosed material adverse information, and there are no contemporaneous insider sales reported in the prior three months. From a governance perspective, this aligns with routine executive/employee compensation monetization and required reporting under securities rules; nothing in the notice indicates irregular timing or coordinated disposal beyond normal post-vesting sales.