[144] KORN FERRY SEC Filing
Rhea-AI Filing Summary
Korn Ferry (KFY) Form 144 reports a proposed sale of 10,620 shares of common stock through UBS Financial Services with an approximate aggregate market value of $754,020. The filing states the shares represent vested restricted stock units acquired on 09/18/2025, with the proposed sale dated 09/25/2025 on the NYSE. The filer reports 52,390,000 shares outstanding and indicates no securities sold by the same person in the prior three months. The notice is marked LIVE and includes the required certification that the seller is not aware of undisclosed material adverse information.
Positive
- Timely disclosure of the proposed sale with required details (broker, shares, value, dates)
- Securities originated from RSU vesting, indicating sale of compensation-related shares rather than newly acquired external holdings
- No other sales by the same person in the prior three months, simplifying Rule 144 aggregation
Negative
- Insider sale reduces beneficial ownership, which some investors may view unfavorably
- Filing lacks the identity of the selling individual in the provided excerpt, limiting transparency about insider role
Insights
TL;DR: Routine insider sale of vested RSUs; transaction size is small relative to total shares outstanding and is likely non-material to the company.
The filing documents a single proposed sale of 10,620 shares valued at $754,020 following RSU vesting on 09/18/2025. Compared with 52.39 million shares outstanding, this represents a de minimis fraction of equity, implying limited direct impact on market capitalization or earnings. The use of UBS as broker and the absence of other sales in the prior three months suggest this is a planned disposition of vested compensation rather than an accelerated exit. Disclosure appears complete for Rule 144 purposes.
TL;DR: Disclosure aligns with regulatory expectations for Rule 144 sales of vested equity; signature attestation included.
The Form 144 includes required elements: acquisition date and nature (RSU vesting), broker details, proposed sale date, and a certification regarding material non-public information. There are no reports of other sales in the prior three months, which simplifies aggregation rules. From a governance perspective, timely filing and the attestation reduce compliance risk; the filing does not indicate any trading-plan adoption or other restrictions.