Macy's insider files Rule 144 to sell 12,843 vested shares on NYSE

Rhea-AI Filing Summary

Macy's, Inc. notice of proposed sale reports an intended sale of 12,843 shares of common stock through Charles Schwab on 09/11/2025 with an aggregate market value of $218,844.72. The filing shows total shares outstanding of 268,505,751, and the shares to be sold were acquired via restricted stock vesting and performance vesting between 09/04/2023 and 09/04/2024 from Macy's as compensation. The filer reports no securities sold in the past three months. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information about the issuer.

Positive

• Compliance: The filing provides required Rule 144 details including acquisition dates, nature of acquisition, broker, planned sale date and aggregate market value
• Transparency: All vested compensation tranches are itemized and aggregate to the stated number of shares to be sold

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine Rule 144 notice for vested compensation shares; modest size relative to outstanding stock.

The filing documents a proposed sale of 12,843 shares derived from multiple restricted stock vesting events totaling the same amount, with an aggregate value of $218,844.72. Compared with the reported 268.5 million shares outstanding, the block represents a de minimis fraction of the float and is unlikely to move market prices. The disclosure meets Rule 144 requirements by identifying acquisition dates, nature of acquisition (compensation), broker and planned sale date.

Corporate Governance Expert

TL;DR: Filing reflects standard insider liquidity from vested awards and contains required attestation.

The record shows the securities were received via restricted and performance vesting from the issuer across 2023–2024 and that no other sales were reported in the prior three months. The signer affirms no undisclosed material adverse information, and the notice identifies the executing broker and intended exchange (NYSE). This is a routine governance compliance action rather than a red flag for governance or disclosure practices.

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	12843	218844.72	268505751	09/11/2025	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	09/04/2023	Restricted Stock Vesting	Macy's, Inc.			2873	09/04/2023	Compensation
Common Stock	03/21/2024	Performance Restricted Stock Vesting	Macy's, Inc.			2969	03/21/2024	Compensation
Common Stock	03/24/2024	Restricted Stock Vesting	Macy's, Inc.			799	03/24/2024	Compensation
Common Stock	03/25/2024	Restricted Stock Vesting	Macy's, Inc.			2125	03/25/2024	Compensation
Common Stock	03/31/2024	Restricted Stock Vesting	Macy's, Inc.			1193	03/31/2024	Compensation
Common Stock	09/04/2024	Restricted Stock Vesting	Macy's, Inc.			2884	09/04/2024	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 12,843 Macy's common shares valued at $218,844.72, to be sold on 09/11/2025 via Charles Schwab on the NYSE.

How were the shares acquired that are being sold?

All reported shares were acquired as restricted stock vesting or performance restricted stock vesting from Macy's between 09/04/2023 and 09/04/2024 as compensation.

How large is the proposed sale relative to Macy's outstanding shares?

The proposed sale of 12,843 shares is small versus the reported 268,505,751 shares outstanding, representing a de minimis percentage of total shares.

Were any Macy's shares sold by the filer in the past three months?

The filing states Nothing to Report for securities sold during the past three months by the person for whose account the securities are to be sold.

Which broker and exchange are listed for the sale?

The broker is listed as Charles Schwab & Co., 211 Main Street, San Francisco, CA and the exchange is the NYSE.