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NetScout director plans $266K stock sale

NETSCOUT SYSTEMS INC (NTCT) received a Rule 144 notice covering a proposed sale of up to 7,000 shares of common stock for the account of director Christopher Perretta.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

NETSCOUT SYSTEMS INC (NTCT) received a Rule 144 notice covering a proposed sale of up to 7,000 shares of common stock for the account of director Christopher Perretta. The shares are held at Fidelity Brokerage Services LLC and have an aggregate market value of $266,000.00 in the notice.

The 7,000 shares to be sold were acquired from the issuer on September 8, 2022 through Restricted Stock Vesting as compensation. The planned sale is referenced for trading on NASDAQ, with the notice signed by an authorized representative of Fidelity acting as attorney-in-fact for Christopher Perretta.

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Shares proposed for sale 7,000 shares Common stock of NETSCOUT SYSTEMS INC covered by the Rule 144 notice
Aggregate market value $266,000.00 Total market value of the 7,000 NTCT shares referenced in the notice
Acquisition date of shares September 8, 2022 Date the 7,000 shares were acquired through Restricted Stock Vesting as compensation
Planned sale date referenced September 11, 2026 Date listed in the securities information section alongside the 7,000-share sale
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Vesting financial
"Common | 09/08/2022 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
attorney-in-fact regulatory
"as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for NETSCOUT SYSTEMS INC (NTCT)?

The Form 144 notice discloses a proposed sale of up to 7,000 shares of NTCT common stock for the account of director Christopher Perretta, with an aggregate market value of $266,000.00, to be sold through Fidelity Brokerage Services LLC on NASDAQ.

Who is selling shares of NTCT and in what amount?

Director Christopher Perretta is the person for whose account securities are proposed to be sold. The notice covers up to 7,000 shares of NETSCOUT SYSTEMS INC common stock held at Fidelity Brokerage Services LLC.

How were the NTCT shares being sold under Form 144 acquired?

The 7,000 shares of NTCT common stock covered by the Form 144 were acquired on September 8, 2022 through Restricted Stock Vesting from the issuer as compensation.

What is the aggregate market value of the NTCT shares in this Form 144?

The notice states an aggregate market value of $266,000.00 for the 7,000 shares of NETSCOUT SYSTEMS INC common stock proposed to be sold under Rule 144.

Which broker and market are involved in the NTCT Form 144 sale?

The proposed sale of NTCT shares is through Fidelity Brokerage Services LLC, with the securities listed for trading on NASDAQ, as indicated in the Form 144 notice.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

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