Netscout (NTCT) files Form 144 for 3,500-share insider sale
Rhea-AI Filing Summary
Netscout Systems Inc (NTCT) filed a Form 144 disclosing a proposed sale of 3,500 common shares through Fidelity Brokerage with an approximate sale date of 08/12/2025. The filing reports an aggregate market value of $77,105 and shows 71,875,269 shares outstanding, indicating the size of the proposed transaction relative to the issuer's share count.
The securities were acquired on 09/10/2021 via restricted stock vesting and paid as compensation. The filing also lists a prior sale within three months: Joseph G Hadzima Jr Rvcbl Trust sold 3,500 shares on 06/10/2025 for $83,475. The signer affirms no undisclosed material adverse information and references Rule 10b5-1 provisions without a plan date noted.
Positive
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Negative
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Insights
TL;DR: Routine insider notice: proposed sale of 3,500 NTCT shares acquired via restricted stock vesting, modest in size versus outstanding shares.
This Form 144 is a standard disclosure under Rule 144 announcing an intended sale of 3,500 common shares through Fidelity on 08/12/2025 with an aggregate market value of $77,105. The shares were acquired by restricted stock vesting on 09/10/2021 and were compensation. Given the outstanding share count reported (71,875,269), the transaction size is small on a percentage basis and appears procedural rather than strategically material.
TL;DR: Disclosure meets required certifications; includes representation about material nonpublic information and notes Rule 10b5-1 considerations.
The filing includes the standard attestation that the seller is unaware of any undisclosed material adverse information and references Rule 10b5-1 plan adoption or instruction date, though no plan date is provided. The document also records a recent related sale (3,500 shares on 06/10/2025 for $83,475) which is properly disclosed. From a governance perspective, the form satisfies procedural transparency requirements.