STOCK TITAN

Form 144: GEN performance shares (41,084) acquired 05/02/2022 to be sold

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Gen Digital Inc. (GEN) submitted a Form 144 notice disclosing a proposed sale of 41,084 common shares with an aggregate market value of $1,314,688.00. The shares represent performance awards acquired on 05/02/2022 and the proposed sale is listed for 08/13/2025 on NASDAQ.

The filing shows 620,229,707 shares outstanding, reports no sales in the past three months, and includes the signer’s representation that they are not aware of any undisclosed material adverse information about the issuer. Other filer and issuer contact fields in the form are not populated in the provided content.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: A small insider sale: 41,084 shares (~$1.31M) on a 620M-share base is unlikely to move valuation materially.

The Form 144 discloses a planned sale of 41,084 common shares valued at $1,314,688, representing approximately 0.0066% of the issuer's 620,229,707 outstanding shares. The securities were acquired as performance shares on 05/02/2022. No sales were reported in the past three months. From a capital markets perspective, the size of this proposed sale is immaterial to market capitalization and likely reflects routine insider liquidity rather than a change in company fundamentals.

TL;DR: Disclosure aligns with Rule 144 requirements; limited governance implications given the small proportion of outstanding shares.

The filing documents the source of the shares as performance awards and provides the required representation regarding material nonpublic information. The absence of prior three-month sales reduces the chance of aggregated-sale issues under Rule 144. Because the amount equals a vanishing fraction of total shares outstanding, the filing does not indicate a governance or control shift. Missing contact fields in the provided content limit verification of the filer identity within this document alone.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What did Gen Digital (GEN) disclose in this Form 144?

The filing discloses a proposed sale of 41,084 common shares with an aggregate market value of $1,314,688.00 to be sold on NASDAQ.

When is the proposed sale scheduled and how were the shares acquired?

The approximate date of sale is listed as 08/13/2025, and the shares were acquired as performance shares on 05/02/2022.

How many shares does Gen Digital have outstanding according to the filing?

The form reports 620,229,707 shares outstanding.

Were there any other sales by the same person in the past three months?

The filing states Nothing to Report for securities sold during the past three months.

Does the filer assert possession of any undisclosed material information?

By signing the notice the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.