GM insider files Rule 144 to sell 26,869 shares worth $1.61M
Rhea-AI Filing Summary
Form 144 notice by an insider of General Motors Co (GM). The filer notified intent to sell 26,869 common shares through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $1,612,871.65. The filing shows the securities were acquired through a stock option exercise on 09/24/2025 (13,715 shares, paid in cash) and performance shares on 02/08/2025 (13,154 shares, not applicable for payment). The issuer’s total shares outstanding are listed as 952,077,801. No sales by the reporting person in the past three months are reported.
Positive
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Insights
TL;DR: Insider plans to sell 26,869 GM shares worth $1.61M; transaction is disclosed under Rule 144.
The filing is a standard Rule 144 notice indicating proposed sale through Morgan Stanley Smith Barney LLC on the NYSE. It documents the acquisition dates and nature: a stock option exercise on 09/24/2025 for 13,715 shares (cash payment) and performance shares granted 02/08/2025 for 13,154 shares. The aggregate market value is stated as $1,612,871.65 against 952,077,801 shares outstanding. This notice provides transparency on timing, acquiring events, and the broker used, but contains no financial performance data.
TL;DR: The filing complies with Rule 144 disclosure requirements and includes acquisition and broker details.
The document provides the required representations, including that the seller does not possess undisclosed material adverse information. It lists the plan of sale, broker details, and the signature/attestation language. There are no disclosures of prior sales in the last three months. The filing appears procedural and intended to establish compliance rather than signal corporate governance changes.