Insider Form 144 shows 129,090-share sale and June disposals reported
Rhea-AI Filing Summary
Form 144 notice for proposed sale of Common stock. The filing lists a broker, Fidelity Brokerage Services LLC, and a proposed sale of 129,090 shares with an aggregate market value of $40,479,253.83 to be sold approximately on 08/18/2025 on the NYSE. The securities are shown as outstanding in the amount of 268,993,342 shares. The securities to be sold were acquired via an option granted on 03/06/2019 and the acquisition date recorded is 08/18/2025, with payment in cash. The filing also reports two prior sales by Phebe N. Novakovic on 06/13/2025 (178,821 shares, $50,628,641.98) and 06/16/2025 (7,639 shares, $2,142,309.42). Several filer and issuer identification fields in the provided content are blank or not included.
Positive
- Proposed sale quantity and value disclosed: 129,090 shares for $40,479,253.83, providing clear transaction details.
- Broker identified: Fidelity Brokerage Services LLC is named as the broker for the proposed sale.
- Prior sales disclosed: Two recent sales by Phebe N. Novakovic in June 2025 are reported with share counts and gross proceeds.
Negative
- Issuer name and several filer identification fields are not present in the supplied content, limiting context and verification.
- Acquisition and sale dates appear overlapping in the table (acquisition date listed as the same as approximate sale date), which may require clarification in the original filing.
Insights
TL;DR: Routine insider sale notice; sizable proposed sale and large prior disposals reported, but issuer identity is not shown in the supplied text.
The Form 144 discloses a proposed sale of 129,090 common shares through Fidelity Brokerage Services on 08/18/2025 with an aggregate market value of $40,479,253.83. The filing indicates these shares were tied to an option granted 03/06/2019 and payment is expected in cash. The filing also records two recent sales by Phebe N. Novakovic totaling 186,460 shares and about $52,770,951.40 in gross proceeds during June 2025. The supplied content omits explicit issuer name and several filer contact fields, which limits assessment of context and materiality for investors.
TL;DR: Disclosure appears procedural and consistent with Rule 144 requirements; missing issuer/filer details in provided excerpt reduce transparency.
The submission documents a Rule 144 notice for sale of common shares via a named broker and records the acquisition as an option grant from 2019. Prior recent sales by a named individual are reported, supporting transparency about insider dispositions. However, key identifier fields for the filer and for the issuer are blank in the supplied text, which is important for stakeholder verification and record completeness.