Macy's (M) Files Form 144 for 200K-Share Sale Valued at $3.45M

Rhea-AI Filing Summary

Macy's, Inc. (M) filed a Form 144 notifying a proposed sale of 200,000 shares of Common Stock through Charles Schwab & Co. with an aggregate market value of $3,448,000.00 and approximately 271,539,526 shares outstanding. The securities listed were acquired via restricted stock and performance restricted stock vesting on dates from 07/09/2021 through 03/23/2023 as compensation from Macy's, Inc. The filing shows no reported sales in the past three months and includes the seller's representation that they know of no undisclosed material adverse information.

Positive

• Regulatory compliance: The filer submitted a Form 144 with broker, share count, aggregate market value, and acquisition history, demonstrating disclosure transparency.
• Acquisition basis disclosed: Securities were acquired through restricted stock and performance restricted stock vesting, clearly listed with dates and amounts.

Negative

• Insider sale planned: A proposed sale of 200,000 shares (aggregate value $3,448,000) may be viewed negatively by some investors as insider liquidity.
• No recent sales reported: While the form shows no sales in the past three months, the large proposed sale could attract market attention despite being routine.

Insights

Financial Analyst

TL;DR: Insider proposes a sale of 200,000 Macy's shares valued at $3.45M; routine disclosure, likely non-material to company fundamentals.

The filing documents a proposed sale of 200,000 common shares via a broker with an aggregate market value of $3,448,000 and lists the specific grant vintages and vesting dates for the securities (July 2021–March 2023). No sales in the prior three months are reported. This is a Rule 144 notice that records the intent to sell securities obtained as compensation; it does not provide any new financial performance data or operational updates. The disclosure meets regulatory transparency requirements but by itself does not demonstrate change to Macy's capital structure or cash position.

Corporate Governance Expert

TL;DR: Proper Form 144 submission documents an insider sale plan; shows compliance and no indication of undisclosed material information.

The form identifies the broker, quantity, aggregate value, and acquisition details (restricted and performance RSU vesting). The signer affirms absence of undisclosed material adverse information, and the filing records compensation-based acquisition rather than open-market purchases. From a governance perspective, the filing is a standard disclosure of insider liquidity activity; it aids shareholder transparency but does not signal governance changes or unusual insider behavior based solely on the information provided.

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 Stock	Charles Schwab & Co. 211 Main Street San Francisco CA 94105	200000	3448000.00	271539526	09/05/2025	NYSE

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 Stock	07/09/2021	Restricted Stock Vesting	Macy's, Inc.			64638	07/09/2021	Compensation
Common Stock	03/24/2022	Performance Restricted Stock Vesting	Macy's, Inc.			20186	03/24/2022	Compensation
Common Stock	03/25/2022	Restricted Stock Vesting	Macy's, Inc.			7482	03/25/2022	Compensation
Common Stock	07/09/2022	Restricted Stock Vesting	Macy's, Inc.			105727	07/09/2022	Compensation
Common Stock	03/23/2023	Performance Restricted Stock Vesting	Macy's, Inc.			1967	03/23/2023	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

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 Macy's (M) Form 144 report?

The Form 144 reports a proposed sale of 200,000 shares of Macy's common stock through Charles Schwab & Co. with an aggregate market value of $3,448,000.

Who acquired the shares being sold and how were they obtained?

The shares were acquired from Macy's, Inc. as compensation via restricted stock and performance restricted stock vesting on dates from 07/09/2021 through 03/23/2023.

Are there any reported sales of Macy's stock by this person in the past three months?

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

Which broker is handling the proposed sale?

Charles Schwab & Co., 211 Main Street, San Francisco, CA 94105, is listed as the broker.

What statement does the filer make about material information?

The filer represents they do not know any material adverse information regarding the issuer that has not been publicly disclosed.