FN insider sale notice: 14,203 vested shares via Citigroup on NYSE
Rhea-AI Filing Summary
Form 144 notice for Fabrinet (FN) reports the proposed sale of 14,203 ordinary shares, with an aggregate market value of $5,042,065.00, through Citigroup Global Markets on the NYSE. The shares originated from a restricted stock vesting attributable to Fabrinet on 09/04/2025 and payment is listed as services rendered. The filing also discloses that Harpal Gill sold 18,675 ordinary shares on 06/04/2025 for gross proceeds of $4,482,018.00. The notice includes the required representation that the seller is not aware of undisclosed material adverse information about the issuer.
Positive
- Clear compliance disclosure: Form 144 notifies the market of the proposed sale and affirms no undisclosed material adverse information.
- Transaction transparency: Filing specifies broker (Citigroup), exchange (NYSE), source of shares (restricted stock vesting), and exact amounts and values.
Negative
- None.
Insights
TL;DR: Insider sale from restricted stock vesting of 14,203 shares worth $5.04M; prior sale of 18,675 shares also disclosed.
This Form 144 documents a proposed sale tied to a restricted stock vesting event, not a cash purchase, with the broker identified as Citigroup and execution on the NYSE. The filing quantifies outstanding shares (35,729,581) so investors can gauge scale; the proposed sale represents a small fraction of total shares. The disclosure of a sale earlier in the three-month lookback period provides transparency about recent insider activity. Overall, this is a routine compliance filing that notifies the market of planned insider liquidity rather than operational or financial changes.
TL;DR: Filing shows standard compliance with Rule 144 for vested restricted shares and prior recent insider sale.
The notice indicates the seller followed Rule 144 procedures by notifying the market of an intended sale and affirming no undisclosed material adverse information. The origin of the shares as restricted stock vesting and payment characterized as services rendered is consistent with compensation-related issuance. The separate disclosure of a sale in the past three months improves governance transparency. No governance irregularities or compliance exceptions are evident from the provided content.