[144] Monarch Casino & Resort Inc SEC Filing

Rhea-AI Filing Summary

FedEx Corporation’s FY25 Form 10-K outlines several structural and strategic shifts but provides limited current-year P&L detail. Key disclosures include:

• One FedEx integration: On 1 Jun 2024 FedEx Ground and FedEx Corporate Services were merged into Federal Express, creating a unified air-ground network now reported as two segments: Federal Express and FedEx Freight.
• Planned spin-off: In Dec 2024 the Board approved a tax-free spin-off of FedEx Freight, targeting completion by Jun 2026.
• Fiscal-year change: Effective 1 Jun 2026 the company will shift its year-end from 31 May to 31 Dec.
• Network 2.0 & DRIVE: Efficiency program now active in ~290 locations; Canada rollout finished and ~130 U.S. facilities converted.
• Pricing actions: U.S. domestic & international list rates rose 5.9% on 6 Jan 2025; most pandemic-era demand surcharges were suspended 31 May 2025.
• Fuel profile: Jet-fuel spend fell to $2.83 bn (3.2 % of revenue) from $3.60 bn in FY24; FedEx remains un-hedged.
• Capital structure: 235.9 m shares outstanding (17 Jul 2025); non-affiliate market value c.$66.8 bn.
• Labor: 440 k employees at Federal Express; pilot contract talks continue under NMB mediation after July 2023 vote.

No revenue, EPS or cash-flow figures are provided in the excerpt; investors must review the full financial statements in Item 8 for performance metrics.

Insights

Corporate Strategy Analyst

TL;DR: Filing signals portfolio reshaping via Freight spin-off and network optimization; absent financials keep immediate valuation impact neutral.

The Freight spin-off could unlock a pure-play LTL entity and let core express focus on margin recovery, yet timelines (FY26) limit near-term catalysts. One FedEx and Network 2.0 show execution progress—290 sites converted—but benefits hinge on parcel-volume recovery. Fuel and surcharge data confirm cost tailwinds versus FY24. The fiscal-year change will shorten the next reporting period, complicating YoY comparability. Ongoing pilot negotiations pose limited operational risk at present. Overall, strategic direction is positive but incremental, with valuation implications dependent on future earnings detail.

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 245 Summer Street Boston MA 02110	9999	1035296.46	18466406	07/21/2025	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	07/21/2025	Stock Option Exercise	Issuer			9999	07/21/2025	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

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)