[144] General Motors Co SEC Filing
Form 144 filed for General Motors Co (GM) reports a proposed sale of 6,600 common shares valued at $399,894.00 to be sold on 09/26/2025 through Morgan Stanley Smith Barney LLC on the NYSE. The shares were acquired on 09/26/2025 via exercise of stock options and paid for in cash the same day. The filing also discloses two Rule 10b5-1 sales by the same person within the past three months: 23,977 shares on 08/05/2025 for $1,271,058.45 and 4,459 shares on 09/12/2025 for $267,317.05. The filer certifies no undisclosed material adverse information and references a potential 10b5-1 trading plan.
- None.
- None.
Insights
TL;DR: Insider exercised options and plans modest sale; recent 10b5-1 program sales total roughly $1.54M, a routine liquidity event for insiders.
The filing shows exercise-and-sell activity: 6,600 shares (approx. $400k) from option exercise intended for sale the same day. Combined with the disclosed 10b5-1 sales in August and September, the insider has sold 28,436 shares generating about $1.54M in gross proceeds over the past three months. For a large-cap issuer like GM, these amounts typically reflect personal liquidity rather than company-level changes. The explicit use of a broker and citation of a 10b5-1 plan reduce signals of opportunistic timing, but volume and frequency are worth monitoring in the context of future insider activity.
TL;DR: Disclosure complies with Rule 144 and cites 10b5-1 procedures; the issuer relationship and representations are properly stated.
The form contains required seller identification, acquisition detail (option exercise), and certification that no material non-public information is known. The inclusion of prior 10b5-1 sales and explicit broker details supports transparency. No departures from standard disclosure practice are evident in the filing content provided. Governance implications are limited; this appears to be routine insider liquidity managed under a documented trading plan.