LHX insider sold $28.28M recently; new 40,138-share sale planned for $10.82M
Rhea-AI Filing Summary
Form 144 filed for L3Harris Technologies (LHX) shows an insider notice to sell 40,138 shares on 08/11/2025 on the NYSE, with an aggregate market value of $10,818,005.61. The filing identifies the seller in recent sale history as Christopher E. Kubasik and reports that the securities to be sold were acquired under an option granted on 12/20/2017 from the issuer, with payment in cash on 08/11/2025.
The filing also discloses three sales by Christopher E. Kubasik in the prior three months totaling 107,273 shares for $28,282,910.76 (sales on 06/11/2025, 06/12/2025 and 07/29/2025). The 40,138-share notice represents approximately 0.0215% of the 187,094,798 shares outstanding reported in the form; the prior three months' sales represent approximately 0.0573% of outstanding shares. The signer certifies no undisclosed material adverse information is known.
Positive
- Transparent Rule 144 disclosure showing dates, share counts, broker and aggregate values for planned and recent sales
- Securities originated from an option granted on 12/20/2017, with the filing showing cash payment on 08/11/2025, indicating documented compensation action
Negative
- Substantial insider dispositions in dollar terms: prior three-month sales totaled $28,282,910.76
- Additional planned sale of $10,818,005.61 on 08/11/2025 by the same insider may draw investor attention despite representing small percentages of outstanding stock
Insights
TL;DR: Insider Christopher E. Kubasik plans to sell 40,138 shares ($10.82M) after selling 107,273 shares for $28.28M in the prior three months.
The filings document significant dollar-value insider sales concentrated over recent months but represent very small fractions of the issuer's reported outstanding shares: ~0.0215% for the planned sale and ~0.0573% for prior three-month sales. From a financial-analyst perspective, these transactions are material in absolute dollars yet limited in share-count relative to total equity outstanding, reducing the likelihood of direct dilution or balance-sheet impact. The use of option proceeds and cash payment is consistent with routine executive compensation exercises and dispositions disclosed under Rule 144.
TL;DR: Repeated recent insider sales are notable for governance monitoring but the filings show Rule 144 compliance and explicit disclosures.
The Form 144 provides transparent disclosure of both the planned sale and recent dispositions by the same insider, including dates, amounts, and gross proceeds. The filer attests to lacking undisclosed material adverse information and documents that the securities originated from an option grant dated 12/20/2017. For governance review, the pattern of sales merits monitoring for consistency with disclosed trading plans or prearranged instructions, but the form contains no indication of noncompliance or material company-specific adverse information.