Goosehead (GSHD) Form 144 Notice: Insider Plans to Sell 3,000 Shares

Rhea-AI Filing Summary

Goosehead Insurance, Inc. (GSHD) submitted a Form 144 notice for a proposed sale of 3,000 Class A common shares through J.P. Morgan Securities LLC on 08/19/2025. The filing reports an aggregate market value of $255,870 based on total shares outstanding of 25,350,955. The 3,000 Class A shares were acquired on 08/19/2025 in exchange for Class B units that were originally acquired on April 27, 2018; payment is listed as N/A. No securities sales by the reporting person were disclosed for the prior three months. The filer attests to lacking undisclosed material adverse information about the issuer.

Insights

Securities Analyst

TL;DR: Small insider sale notice for 3,000 shares; likely routine and not material to valuation.

The Form 144 reports a proposed brokered sale of 3,000 Class A shares with an aggregate market value of $255,870, executed through a major broker. The shares were received in a unit exchange tied to Class B units acquired in 2018. There are no reported prior sales in the last three months, which suggests this is an isolated transaction. For a company with ~25.35 million shares outstanding, this quantity represents a de minimis percentage of the float and is unlikely to meaningfully affect market liquidity or valuation.

Corporate Governance Specialist

TL;DR: Filing documents compliance with Rule 144; disclosure is procedural rather than material.

The notice appears to fulfill Rule 144 disclosure requirements by identifying the securities, broker, acquisition history, and the representation about material non-public information. The conversion of Class B units into Class A shares is documented for the specific shares being sold. Absent additional context—such as ongoing large-volume disposals or related-party patterns—this filing reads as a procedural sale notice rather than a governance concern.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	J.P. Morgan Securities LLC 390 Madison Avenue - 6th Floor New York NY 10017	3000	255870	25350955	08/19/2025	NASDAQ

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	08/19/2025	Class A Common Shares received in exchange of Class B Units. The Class B Units were acquired on April 27, 2018.	Issuer			3000	08/19/2025	N/A

* 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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for GSHD disclose?

The Form 144 discloses a proposed sale of 3,000 Class A common shares via J.P. Morgan Securities LLC on 08/19/2025, aggregate value $255,870.

How many shares of GSHD are outstanding according to the filing?

The filing reports 25,350,955 shares outstanding.

When and how were the shares being sold acquired?

The 3,000 Class A shares were acquired on 08/19/2025 in exchange for Class B units that were originally acquired on April 27, 2018.

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

No; the filing states 'Nothing to Report' for securities sold during the past three months.

Which broker is handling the proposed sale of GSHD shares?

J.P. Morgan Securities LLC, located at 390 Madison Avenue, New York, NY.