FN Form 144: Insider to Sell 1,200 Shares Valued at $402,150
Rhea-AI Filing Summary
Fabrinet (FN) submitted a Rule 144 notice reporting a proposed sale of 1,200 ordinary shares through Citigroup Global Markets, valued at $402,150, with an approximate sale date of 08/27/2025 on the NYSE. The filer acquired the shares on 01/02/2024 by restricted stock vesting from Fabrinet and lists the payment nature as services rendered.
The filing shows there were 35,728,074 shares outstanding, so the 1,200-share sale represents a very small fraction of the company. No other securities were reported sold in the past three months, and the notice includes the standard representation that the seller is not aware of undisclosed material adverse information.
Positive
- Compliance: The filer provided a Rule 144 notice with broker, amount, acquisition details, and sale date, satisfying disclosure requirements
- Transparency: Acquisition source is specified as restricted stock vesting from Fabrinet, clarifying the holder's basis
Negative
- None.
Insights
TL;DR: Insider-originated restricted shares to be sold; size is immaterial relative to outstanding shares.
The filing documents a controlled-person sale under Rule 144: 1,200 shares acquired via restricted stock vesting and planned to be sold through Citigroup on 08/27/2025. At 35.7 million shares outstanding, this sale equals roughly 0.003% of the float, indicating negligible direct impact on supply or price. The disclosure is procedurally important for market transparency but not material to Fabrinet's valuation or operations.
TL;DR: Filing meets Rule 144 disclosure expectations; no governance red flags evident.
The notice identifies the acquisition source as restricted stock vesting and specifies the broker and sale mechanics, fulfilling notice requirements. The representation about lack of undisclosed material information is standard. Given the small size and the absence of recent sales in the past three months, there are no immediate governance concerns or indications of coordinated insider exit activity.