[144] NETSOL TECHNOLOGIES INC SEC Filing
Form 144 filed for NETSOL TECHNOLOGIES INC (NTWK) reports a proposed sale of 25,000 common shares through Charles Schwab & Co., with an aggregate market value of $128,000.00. The shares represent part of a total outstanding share count reported as 11,474,841. The securities were acquired by donation from Najeeb Ghauri on 04/09/2025. The filing indicates an approximate sale date of 10/01/2025 on the Nasdaq. The filer certifies no undisclosed material adverse information and notes there were no securities sold by the reporting person in the past three months.
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Insights
TL;DR: Insider plans a modest sale of 25,000 NTWK shares (about 0.22% of outstanding) acquired by donation.
The Form 144 shows a proposed brokerage sale of 25,000 common shares valued at $128,000 through Charles Schwab, to occur on 10/01/2025. The shares were acquired via donation from Najeeb Ghauri on 04/09/2025. Given the reported outstanding shares of 11,474,841, this proposed sale is a small fraction of the float and is not likely to be materially dilutive. The filing also states no sales in the prior three months and includes the standard certification regarding undisclosed material information.
TL;DR: Routine Rule 144 notice for sale of donated shares; disclosure meets Rule 144 form requirements.
The notice documents the required disclosure elements: acquisition date and nature (donation), donor identity, number of shares, aggregate market value, broker name and planned sale date. The signature/representation language affirms absence of undisclosed material information. There is no indication of trading-plan adoption or aggregated sales in prior months. From a governance perspective, the filing is procedural and compliant with Rule 144 disclosures.