Hecla Form 144 Notice — Hecla Charitable Foundation Plans 160K-Share Sale
Rhea-AI Filing Summary
Hecla Mining Company (HL) filed a Form 144 reporting a proposed sale of 160,000 shares of common stock through broker D.A. Davidson (address: 608 Northwest Blvd., Coeur d'Alene, ID). The aggregate market value of the proposed sale is $1,267,200.00 and the company reports 669,983,628 shares outstanding. The shares to be sold were acquired on 05/20/2020 when Hecla Mining gifted 650,000 shares to the Hecla Charitable Foundation. The Form 144 lists an approximate sale date of 08/26/2025 and a payment date of 08/28/2025. The filer attests there is no undisclosed material adverse information and the filing contains no reported securities sales in the prior three months.
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Insights
TL;DR: Routine Form 144 disclosing a charitable foundation's planned sale of donated Hecla shares via a broker, not an insider liquidity event.
The filing documents a proposed disposition of 160,000 Hecla common shares by the Hecla Charitable Foundation through D.A. Davidson with an aggregate market value of $1,267,200. The shares were originally gifted by Hecla Mining on 05/20/2020 and the foundation still holds 650,000 shares from that gift. The notice indicates the sale is scheduled for 08/26/2025 and no sales were reported in the prior three months. This appears to be a routine Rule 144 notice for a charitable account rather than a direct company transaction; it does not disclose insider compensation, material operational changes, or balance-sheet effects for Hecla Mining.
TL;DR: Form 144 is a compliance disclosure for resale of donated shares; it raises no governance red flags on its face.
The report identifies the Hecla Charitable Foundation as the account for which securities will be sold and affirms the filer does not possess undisclosed material adverse information. The filing provides broker details, share counts, acquisition date, and outstanding shares, supporting Rule 144 compliance. There is no indication of unusual timing, related-party transfers beyond the original gift, or recent insider sales that would suggest governance concerns. Absent additional filings or context, this is a standard transfer disclosure.