[144] KLA Corporation SEC Filing

Rhea-AI Filing Summary

CNA Financial Corp (CNA) filed a Form 144 indicating that Chairman & CEO Dino Robusto intends to sell 6,250 common shares (≈ $281,250 at the filing reference price) through Fidelity Brokerage on or after 4 Aug 2025. The shares were originally obtained via performance share plan vesting on 15 Mar 2020.

The notice also lists three prior Rule 144 sales by Robusto during the last three months—each for 6,250 shares—generating combined proceeds of about $885 thousand. After the proposed sale, cumulative 2025 disposals disclosed in this filing series would total 25,000 shares, whereas CNA’s shares outstanding stand at 270.6 million, making the activity <0.01 % of float.

Form 144 is a pre-sale notice, not a confirmation of execution, but repeated monthly sales by the top insider can influence investor sentiment. No operating results, guidance or other fundamental data are provided; therefore the event is financially immaterial yet potentially noteworthy for corporate-governance monitors.

Positive

• Sale size is immaterial relative to 270.6 million shares outstanding, posing no dilution or liquidity risk.
• Transparent Rule 144 notice suggests trades are pre-planned and compliant, reducing governance concerns.

Negative

• Recurring insider sales by the CEO may create negative sentiment flags despite limited financial impact.

Insights

Corporate Governance Analyst

TL;DR: CEO plans another modest share sale; dollar impact trivial but pattern could weigh on insider-sentiment screens.

Under Rule 144, insiders must file a notice before selling restricted or controlled stock. Robusto’s planned 6,250-share disposal follows three identical transactions executed monthly since May. The aggregate 25,000-share program equals roughly 0.009 % of CNA’s outstanding shares—too small to affect liquidity, valuation or voting control. However, systematic sales by the chief executive may signal limited short-term confidence or simple diversification, and could appear on automated trading or governance alerts. Because the amounts are small and routine, I classify the disclosure as not materially impactful to equity value.

Portfolio Manager

TL;DR: Transaction size is de minimis; no change to investment thesis, but I flag insider-selling trend for monitoring.

From a portfolio perspective, the proposed sale’s market-cap impact is negligible (≈$0.28 m versus CNA’s multi-billion valuation). Liquidity risk is nonexistent; execution via Fidelity should be seamless. Nonetheless, recurring sales by a senior executive can exert mild optical pressure on the stock during thin trading sessions. I would neither up- nor down-weight the position solely on this filing, yet continued monthly disgorgement could become a soft overhang if paired with weaker fundamentals or guidance. Overall, neutral impact.

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	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	320	286960.00	132241430	08/04/2025	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	08/01/2025	Restricted Stock Vesting	Issuer			71	08/01/2025	Compensation
Common	08/04/2025	Restricted Stock Vesting	Issuer			249	08/04/2025	Compensation

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Virendra Kirloskar One Technology Drive Milpitas CA 95035	Common	07/02/2025	39	34768.50

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 CNA shares does the CEO intend to sell under this Form 144?

The notice covers 6,250 common shares with an estimated value of $281,250.

When is the planned sale date for the CNA stock under Rule 144?

The approximate sale date disclosed is August 4, 2025.

What percentage of CNA's total shares does the proposed sale represent?

Only about 0.002 %–0.003 % of the 270.6 million shares outstanding.

How many CNA shares has Dino Robusto already sold in 2025?

He has sold 18,750 shares across May, June and July 2025 for roughly $885,000.

Does the Form 144 filing guarantee the shares will be sold?

No; Form 144 is a pre-sale notice. Execution may vary based on market conditions or insider discretion.

Why were the shares originally acquired by the CEO?

The shares vested from a Performance Share Plan (PSP) on 15 Mar 2020.