[144] General Dynamics Corporation SEC Filing

Rhea-AI Filing Summary

NatWest Group plc filed a Form 6-K disclosing routine activity under its 2025 on-market share buy-back. On 28 Jul 2025 the bank repurchased 959,352 ordinary shares at a volume-weighted average price of 515.34 GBp (high 524.20, low 512.20) through Merrill Lynch International on the LSE. The shares, nominal value £1.0769, will be cancelled.

Post-settlement the treasury balance rises to 231.7 million shares, leaving 8.099 billion shares in issue. The purchase equals roughly 0.012 % of outstanding equity and continues the mandate issued 25 Jul 2025.

No earnings, guidance or strategic information is provided; the filing fulfils UK MAR disclosure requirements for individual buy-back trades.

Positive

• Ongoing capital return: continuation of the authorised share buy-back signals surplus capital and commitment to shareholder distributions.

Negative

• Immaterial scale: the 0.012 % reduction in share count is too small to meaningfully lift EPS or ROE.

Insights

Financial Analyst

TL;DR: Small-scale buyback disclosure; capital return ongoing, negligible EPS effect, neutral valuation impact.

The repurchase of 959k shares—around 0.012 % of NatWest’s float—extends the existing buy-back and demonstrates continued capital surplus after regulatory buffers. At a cash cost of c.£5 m, cancellation will have an immaterial effect on EPS or CET1. Execution through multiple venues and subsequent cancellation are in line with prior authorisations, signalling discipline but not altering investment thesis. Overall, this is a routine regulatory filing with neutral market impact.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	43860	13757566.20	268993342	07/28/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/28/2025	Option Granted - 03/06/2019	Issuer			43860	07/28/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Mark L. Burns 11011 Sunset Hills Road Reston VA 20190	Common	07/25/2025	32560	10222205.49

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many NatWest (NWG) shares were repurchased on 28 July 2025?

959,352 ordinary shares were bought back.

What price did NatWest pay for the share buyback?

The volume-weighted average price was 515.34 GBp, with a high of 524.20 GBp and low of 512.20 GBp.

Will the repurchased NWG shares be cancelled or held?

NatWest intends to cancel all shares bought under the programme.

How many NatWest shares remain outstanding after this buyback?

Shares in issue (excluding treasury) will be 8,098,509,059.

What is NatWest’s current treasury share balance?

Post-transaction, treasury shares total 231,676,464.