[144] General Motors Co SEC Filing
Form 144 filed for General Motors Co (GM) reports a proposed sale of 23,400 shares of common stock through Morgan Stanley Smith Barney on the NYSE with an aggregate market value of $1,417,806. The filing states the shares were acquired and will be sold on 09/26/2025 by exercise of stock options with cash payment. The issuer has 952,077,801 shares outstanding per the filing. The notice also discloses two prior 10b5-1 sales by the same person during the past three months: 14,667 shares on 08/27/2025 for $865,353 and 36,804 shares on 08/13/2025 for $2,027,969.84.
- Full disclosure of transaction details including broker (Morgan Stanley Smith Barney), exchange (NYSE), and aggregate market value ($1,417,806)
- Acquisition and sale date match (09/26/2025), indicating the filing covers an exercised option immediately followed by proposed sale
- Prior 10b5-1 sales disclosed with gross proceeds ($865,353 and $2,027,969.84), showing consistency with planned trading arrangements
- Insider proposed sale of 23,400 shares, which could be viewed negatively by some investors despite being a small fraction of outstanding shares
- Large realized proceeds in prior 10b5-1 sales (totaling $2,893,322.84) may attract investor attention to insider liquidity
Insights
TL;DR: Insider intends to sell 23,400 shares via exercise and brokered sale; prior 10b5-1 plan sales are disclosed.
The filing documents a proposed sale arising from an exercise of stock options executed and slated for sale on 09/26/2025. Execution through Morgan Stanley Smith Barney on the NYSE and explicit aggregate value ($1,417,806) provide clear marketable disposition details. Recent 10b5-1 sales on 08/13/2025 and 08/27/2025 are disclosed with gross proceeds, indicating prior planned dispositions by the same person. This is a routine insider liquidity event rather than a corporate operational disclosure; materiality to shareholders is limited to share count and cash proceeds disclosed.
TL;DR: The filer attests no undisclosed material nonpublic information and documents a Rule 144 notice tied to exercised options.
The form includes the required attestation that the seller does not possess undisclosed material adverse information. The filing specifies the relationship to the issuer implicitly by showing option exercise as the acquisition method and identifies the broker and marketplace for the sale. Disclosure of recent 10b5-1 sales demonstrates compliance with planned trading protocols. From a governance perspective, the document meets procedural disclosure requirements; it contains no new governance actions or operational events.