GEO (GEO) Form 144 Filed for 155,881-Share Sale; Recent August Sales Listed
Rhea-AI Filing Summary
The GEO Group, Inc. (GEO) submitted a Form 144 reporting a proposed sale of 155,881 common shares through Merrill Lynch on the NYSE with an aggregate market value of $3,268,824.57. The filer reports acquiring 55,881 shares on 03/03/2025 as equity compensation and 100,000 shares in August 2024 by open-market purchases (50,000 on 08/12/2024 and 50,000 on 08/13/2024). The filing lists prior sales by the same person during the past three months totaling 250,888 shares with gross proceeds shown for each trade between $213,236.53 and $552,404.37. The proposed block represents approximately 0.11% of the issuer's 141,534,615 outstanding shares.
Positive
- Rule 144 disclosure provided with detailed transaction dates, acquisition methods, and broker information, enhancing transparency
- Proposed sale is small relative to outstanding shares (155,881 shares is ~0.11% of 141,534,615 outstanding)
Negative
- Substantial insider selling in prior three months: the filing shows 15 trades totaling 250,888 shares sold recently
- Aggregate market value of proposed sale is material in absolute dollars at $3,268,824.57, which may attract investor attention
Insights
TL;DR: Insider plans to sell 155,881 shares (~$3.27M); recent August sales totaled 250,888 shares.
The Form 144 documents an insider disposal of common stock via Merrill Lynch with a stated aggregate market value of $3,268,824.57. The filing clearly itemizes acquisition dates and means: equity compensation (55,881 shares) and open-market purchases (100,000 shares in August 2024). The schedule of trades in the prior three months shows 15 transactions totaling 250,888 shares with reported gross proceeds per trade. From an investor-analysis standpoint, these are disclosed sales by an insider and are properly reported under Rule 144; they amount to a small fraction of outstanding shares (the proposed sale is ~0.11% of shares outstanding). No earnings, operational or forward-looking information is provided in this filing.
TL;DR: The filing reflects routine insider selling with complete transaction detail; compliance appears intact.
The Form 144 includes acquisition method and payment details for the securities to be sold and lists recent dispositions during the past three months. The document contains the customary representation that the seller is not aware of undisclosed material adverse information. This filing meets the disclosure requirements for a Rule 144 notice and provides sufficient transactional detail for stakeholders to assess the magnitude and timing of insider sales. The filing does not include any corporate governance changes or allegations of impropriety.