[144] International Bancshares Corp SEC Filing

Rhea-AI Filing Summary

International Bancshares Corp (IBOC) Form 144 notice shows a proposed sale of 120,000 shares of common stock through Piper Sandler & Co., with an aggregate market value of $8,503,200.00. The sale is scheduled for 08/14/2025 on NASDAQ. The shares were acquired on 07/23/1996 as a partnership contribution from Santig Ltd, and payment was recorded on the acquisition date. The filer reports no securities sold in the past three months for the person on whose account these shares will be sold. The notice includes the required representation that the seller is not aware of undisclosed material adverse information about the issuer.

Positive

• Full procedural disclosure: broker, share count, aggregate market value, acquisition details, and planned sale date are all reported
• No reported sales in the past three months for the person whose account the securities will be sold from
• Seller attestation included that they are not aware of undisclosed material adverse information

Negative

• Large aggregate value of the proposed sale: $8,503,200.00, which may be material in dollar terms
• Sale by an affiliate/insider could be interpreted by some investors as a liquidity action by an insider (fact: proposed sale is disclosed)

Insights

Securities Analyst

TL;DR Proposed sale of 120,000 common shares valued at $8.5M disclosed; transaction is being processed through a broker and the filer reports no recent sales.

This Form 144 provides the standard required disclosure for an intended sale by an affiliate or insider. It names the broker (Piper Sandler & Co.), specifies the aggregate market value ($8,503,200.00), and the planned sale date (08/14/2025). The filing also confirms the securities were acquired in 1996 by partnership contribution from Santig Ltd and that there were no sales in the past three months. For investors, the filing establishes that an insider-related sale is planned and that procedural compliance and broker facilitation are documented.

Corporate Governance Expert

TL;DR The Form 144 is a routine compliance disclosure showing a sizable but single proposed insider sale with required certifications.

The notice contains the standard representations, including a signature attesting no undisclosed material adverse information. It documents the acquisition history and the nature of the original acquisition (partnership contribution). The disclosure of no securities sold in the prior three months indicates this proposed sale is not part of a recent pattern of reported sales by the same person. From a governance perspective, the filing meets Rule 144 notification requirements and records broker involvement for execution.

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

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
Common Stock	Piper Sandler & Co Inc 350 North 5th St Ste 1000 Minneapolis MN 55401	120000	8503200.00	62156398	08/14/2025	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 *
Common Stock	07/23/1996	Partnership Contribution	Santig Ltd			120000	07/23/1996	NA

* 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 IBOC Form 144 disclose about the proposed sale?

The filing discloses a proposed sale of 120,000 common shares via Piper Sandler & Co. with an aggregate market value of $8,503,200.00 and an approximate sale date of 08/14/2025 on NASDAQ.

Who acquired the shares and when were they acquired according to the filing?

The shares were acquired on 07/23/1996 as a partnership contribution from Santig Ltd.

Does the filing report recent sales by the same person?

The Form 144 states Nothing to Report under securities sold during the past three months, indicating no reported sales in that period.

Which broker is handling the proposed sale in the filing?

The broker named is Piper Sandler & Co. (350 North 5th St Ste 1000 Minneapolis MN 55401).

What certification does the seller include in the Form 144?

The seller signs a representation that they do not know of any material adverse information about the issuer that has not been publicly disclosed.