Iron Mountain (IRM) Form 144 Notifies Proposed 69,125-Share Sale
Rhea-AI Filing Summary
Form 144 filed for Iron Mountain Inc. (IRM) shows a proposed sale of 69,125 shares of common stock through Fidelity Brokerage Services with an aggregate market value of $6,191,057.81, planned for 09/03/2025 on the NYSE. The filing states the shares were acquired via stock options originally granted 02/18/2016 and that payment will be in cash. The filer has reported two previous sales of 69,125 shares each on 07/01/2025 and 08/01/2025, with gross proceeds of $6,937,149.98 and $6,536,059.08 respectively. The notice includes the customary insider representation that the seller does not possess undisclosed material adverse information.
Positive
- Compliance with Rule 144 disclosure: The filer provides transaction details, broker, and acquisition history.
- Source of shares disclosed: Shares were acquired via options granted on 02/18/2016, clarifying basis of sale.
Negative
- None.
Insights
TL;DR: Insider intends another Rule 144 sale of 69,125 IRM shares; prior monthly sales of the same size were recently reported.
The filing documents a proposed Rule 144 sale executed through Fidelity for 69,125 shares valued at $6.19 million, acquired pursuant to options granted in 2016 and to be sold for cash. Two similar sales by the same individual occurred on 07/01/2025 and 08/01/2025 generating roughly $6.94 million and $6.54 million. From an investor perspective, these are structured, reported transactions complying with Rule 144 disclosure requirements; based on the absolute size versus the issuer's outstanding shares (295,348,225), the sales appear routine and not clearly material to capitalization.
TL;DR: The filer disclosed option-originated share sales and certified absence of undisclosed material information.
The notice specifies the securities were obtained from options granted 02/18/2016 and are being monetized under Rule 144 with cash proceeds. The signature section reiterates the attestation regarding material nonpublic information and references Rule 10b5-1 plan language (date fields present but not populated). The document demonstrates formal compliance with disclosure obligations for officer/affiliate dispositions; no indication in the filing of trading-plan adoption dates or other conditions that would change the compliance assessment.