[144] International Paper Co. SEC Filing

Rhea-AI Filing Summary

Burlington Stores, Inc. (BURL) insider Jennifer Vecchio has filed Form 144 to sell 420 common shares—approximately $112.4 thousand at current prices—through UBS Financial Services beginning 01 Aug 2025 on the NYSE.

With 63.1 million shares outstanding, the proposed sale represents just 0.0007 % of the float. Vecchio previously sold 1,406 shares in the past three months for an aggregate $324 thousand. If the new notice is executed in full, recent insider dispositions would total 1,826 shares (~$437 thousand), still immaterial to Burlington’s share count and market cap.

No operational or financial data accompanies the filing. Form 144 merely signals intent; the shares may ultimately be sold, sold in part, or not sold at all.

Positive

• None.

Negative

• Continued insider selling trend—1,826 shares filed or sold over four months may be read as mildly negative sentiment, although size is immaterial.

Insights

Securities Analyst

TL;DR: Minor Form 144 sale, negligible float impact—largely neutral.

The 420-share notice equates to less than one-thousandth of a percent of BURL’s outstanding stock, so supply overhang risk is de minimis. While the filing continues a modest pattern of insider disposals (1,826 shares YTD), the dollar amounts are immaterial versus Burlington’s multi-billion-dollar market cap. Absent other context, this looks like routine portfolio diversification rather than a bearish signal. I view the disclosure as neutral for valuation and sentiment.

Portfolio Manager

TL;DR: Ongoing but tiny insider selling; monitor, but no portfolio action warranted.

From a position-sizing perspective, the proposed sale is noise. Even aggregating the last three months, insider selling hasn’t crossed 0.003 % of shares outstanding. Liquidity impact should be imperceptible, and nothing in the filing suggests operational stress. Nonetheless, I track insider trends: continued monthly sales could hint at personal liquidity needs or cautious outlook. At this stage, however, risk/reward for BURL remains governed by retail fundamentals, not this Form 144.

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
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	19573	882143.37	527901518	08/01/2025	NYSE

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	07/01/2025	Restricted stock vesting under a registered plan	Issuer			19573	07/01/2025	Not Applicable

* 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

How many Burlington Stores (BURL) shares are being registered for sale?

420 common shares are listed for potential sale under this Form 144.

What is the approximate market value of the proposed sale?

The filing cites an aggregate value of about $112,446.

Who is the insider selling Burlington Stores stock?

The seller is Jennifer Vecchio, according to the Form 144.

How many Burlington Stores shares has this insider sold recently?

Vecchio sold 1,406 shares across three trades between May and July 2025, grossing roughly $324 k.

What percentage of BURL’s shares outstanding does the new filing represent?

The 420 shares equal roughly 0.0007 % of the 63.1 million shares outstanding.

On which exchange will the shares be sold?

The filing lists the NYSE as the intended trading venue.