NTGR insider notice: 11,757 RSU shares set to sell via Morgan Stanley
Rhea-AI Filing Summary
Form 144 notice for NETGEAR, Inc. (NTGR) reports a proposed sale of 11,757 shares of common stock, with an aggregate market value of $289,339.77, to be executed approximately on 08/22/2025 through Morgan Stanley Smith Barney LLC on NASDAQ. The filing shows 29,008,557 shares outstanding for the class. The shares originate from Restricted Stock Units granted by the issuer: 4,447 RSU shares acquired on 06/02/2022 and 7,310 RSU shares acquired on 05/29/2025. The filer certifies there are no disclosures of material nonpublic information and that no securities of the issuer were sold by the reporting person in the past three months.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider notice to sell RSU-derived shares via broker; appears procedural and compliant with Rule 144 requirements.
The Form 144 documents a planned sale of 11,757 common shares derived from restricted stock units, routed through a recognized broker-dealer and scheduled for 08/22/2025. The filing lists acquisition dates and amounts for the RSUs, which helps establish holding period and eligibility under resale rules. There are no reported sales in the prior three months, and the filer affirms no material nonpublic information. From a compliance perspective, the notice contains the core required data points for a Rule 144 filing.
TL;DR: Sale size is modest relative to outstanding shares and stems from RSU vesting events.
The 11,757 shares represent a small fraction of the 29,008,557 shares outstanding, suggesting limited potential market impact. The breakdown of shares by RSU grant dates (06/02/2022: 4,447 shares; 05/29/2025: 7,310 shares) clarifies that proceeds arise from vested compensation awards rather than open-market purchases. The use of a major broker-dealer aligns with typical execution practices for insiders monetizing vested equity. No material financial metrics or company guidance are disclosed in the filing.