Netscout (NTCT) Files Rule 144 Notice for 4,000 RSU Shares Sale
Rhea-AI Filing Summary
Netscout Systems, Inc. (NTCT) Notice of Proposed Sale under Rule 144 for 4,000 shares of Common Stock to be sold through Merrill Lynch on 08/22/2025 on the NASDAQ at an aggregate market value of $91,640.00. The filing states the seller acquired the shares on 10/26/2024 through the vesting of a restricted stock unit award granted under the issuer's equity compensation plan. The filing reports 71,875,269 shares outstanding and indicates no securities of the issuer were sold by the seller in the past three months. The filer affirms they are unaware of any undisclosed material adverse information regarding the issuer.
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Insights
TL;DR: Routine insider Rule 144 notice disclosing a small planned sale of vested RSUs; no recent sales reported.
This Form 144 documents a proposed sale of 4,000 shares (aggregate value $91,640) through a broker on the NASDAQ, stemming from RSU vesting on 10/26/2024. The disclosure is procedural and consistent with compliance for selling restricted securities. With total shares outstanding of 71,875,269, the proposed sale is immaterial to equity supply and unlikely to affect market dynamics. The absence of reported sales in the prior three months and the signature representation about lack of material nonpublic information are standard compliance elements.
TL;DR: Filing reflects standard insider compliance and confirms RSU-derived shares are being sold under Rule 144.
The notice indicates the shares were acquired via the issuer's equity compensation plan and will be sold through a broker, which aligns with expected governance processes for executive or employee equity monetization. The filer’s attestation regarding material nonpublic information and the absence of prior three-month sales are typical governance disclosures. No governance red flags or unusual transaction structures are evident from the provided content.