FN Form 144: Proposed sale of 10,000 vested ordinary shares via Citigroup
Rhea-AI Filing Summary
Fabrinet (FN) filed a Form 144 reporting a proposed sale of 10,000 ordinary shares through Citigroup Global Markets, Inc. The filing lists an aggregate market value of $3,090,000 and notes 35,729,581 shares outstanding. The shares were acquired on 08/25/2025 by restricted stock vesting from Fabrinet and the stated nature of payment was for services rendered. The filer indicates the approximate date of sale as 08/25/2025 and reports no securities sold in the past three months.
Positive
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Negative
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Insights
TL;DR: Routine Rule 144 notice for sale of newly vested restricted shares; no prior 3-month sales reported.
The filing documents a planned disposition of 10,000 ordinary shares acquired by restricted stock vesting on the same date as the proposed sale. The broker listed is Citigroup Global Markets, Inc. and the filer affirms no undisclosed material adverse information. This is a standard disclosure enabling sale under Rule 144 and, based solely on the document, contains no additional operational or financial details about the company.
TL;DR: Insider-related sale of vested restricted shares disclosed; procedural compliance with Rule 144 is evident.
The notice shows the seller received shares via restricted stock vesting and intends to sell through an institutional broker. The filing includes the required representation that the seller is unaware of undisclosed material adverse information. From a governance perspective, this is a compliance disclosure rather than a governance change; the document does not provide context on the role of the seller or any trading plan adoption date.