[144] Lamar Advertising Co SEC Filing

Rhea-AI Filing Summary

Lamar Advertising Co (LAMR) filed a Form 144 notifying a proposed sale of 22,000 Class A common shares through J.P. Morgan Securities LLC on 08/22/2025. The filing states an aggregate market value for the planned sale of $2,731,665 and reports 86,798,604 shares outstanding. The shares were acquired on 08/19/2025 in a transaction described as "Partnership Inits" from the issuer, with payment recorded on 08/19/2025. No securities were reported sold by the seller in the past three months. The filer affirms there is no undisclosed material adverse information and notes the legal warning about intentional misstatements.

Positive

• Complete regulatory detail provided including broker, planned sale date, share count, and aggregate market value
• No securities sold in the prior three months, simplifying Rule 144 aggregation considerations

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider sales notice: 22,000 LAMR Class A shares listed for sale via JP Morgan with material details disclosed.

The Form 144 is a standard regulatory notice that provides specifics needed for Rule 144 compliance: number of shares, aggregate market value, broker, planned sale date, and acquisition details. The reported acquisition three days before the planned sale (08/19/2025 acquisition; 08/22/2025 planned sale) is unusual in timing but the filing simply records facts without additional explanation. No prior sales in the past three months were reported, which may matter for aggregation rules. This filing alone does not indicate company performance or a change in control; it documents an intended transaction by a person included in Rule 144's definition.

Corporate Governance Expert

TL;DR: Compliance-focused disclosure: Form 144 supplies necessary elements for public transparency ahead of a securities sale.

The notice contains required elements: broker identity (J.P. Morgan Securities LLC), planned sale date, class and quantity of shares, aggregate value, and acquisition provenance. The filer explicitly represents no undisclosed material adverse information, aligning with signature attestations typical for Form 144. From a governance perspective, the filing is procedural and informative; it does not itself signal a governance event or regulatory issue.

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
Class A Common	J.P. Morgan Securities LLC 390 Madison Avenue - 6th Floor New York NY 10017	22000	2731665	86798604	08/22/2025	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 *
Class A Common	08/19/2025	Partnership Inits	Issuer			22000	08/19/2025	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 Form 144 for LAMR disclose?

The filing discloses a proposed sale of 22,000 Class A common shares via J.P. Morgan Securities LLC on 08/22/2025 with aggregate market value $2,731,665.

When were the shares being sold by LAMR acquired?

The shares were acquired on 08/19/2025 in a transaction described as Partnership Inits from the issuer, with payment recorded on 08/19/2025.

How many LAMR shares are outstanding according to the filing?

The filing reports 86,798,604 shares outstanding.

Who is the broker handling the planned sale in the LAMR Form 144?

The broker named is J.P. Morgan Securities LLC located at 390 Madison Avenue, New York, NY.

Does the Form 144 indicate prior sales by the seller in the last three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.