Netscout (NTCT) Form 144 Filed for 5,644 Common Shares
Rhea-AI Filing Summary
Netscout Systems, Inc. (NTCT) Form 144 discloses a proposed sale of 5,644 common shares through Fidelity Brokerage Services with an aggregate market value of $137,944.62. The filing lists approximately 71,875,269 shares outstanding and an approximate sale date of 08/27/2025. The shares were acquired via restricted stock vesting: 3,644 on 09/12/2019 and 2,000 on 09/10/2020, both as compensation. The filing also reports a recent sale by Alfred Grasso of 5,356 shares on 08/26/2025 for $129,296.74. The notice includes the standard representation that the seller has no undisclosed material adverse information.
Positive
- Clear disclosure of the proposed sale with broker, share counts, acquisition dates, and consideration, meeting Rule 144 requirements.
Negative
- None.
Insights
TL;DR: Routine insider sale disclosure; size is immaterial relative to outstanding shares.
The filing shows a planned sale of 5,644 common shares valued at $137,944.62, representing about 0.0079% of the reported 71.88 million shares outstanding. The sold and to-be-sold shares were received as restricted stock vesting (compensation) in 2019 and 2020, suggesting these are not open-market purchases but distribution of previously granted equity. Given the small percentage of outstanding shares and the prior vesting dates, this transaction is likely immaterial to NTCT's capital structure or valuation. Disclosure is consistent with Rule 144 reporting requirements and provides transparent timing and provenance of the securities.
TL;DR: Proper Rule 144 notice filed; standard certification about lack of undisclosed material information included.
The Form 144 adequately identifies the broker, share counts, acquisition method, and recent related sale by an associated party. The signature/representation language reiterates compliance with disclosure obligations and, if accurate, reduces governance risk from alleged insider trading. There is no indication of a trading plan date or 10b5-1 reliance in the remarks, so trades appear to be standard Rule 144 dispositions rather than pre-approved plans. Overall, procedural governance controls appear followed; the filing raises no material governance concerns on its face.