Ollie's (OLLI) Files Form 144 for 107,058-Share Option Exercise Sale
Rhea-AI Filing Summary
Ollie's Bargain Outlet Holdings, Inc. (OLLI) filed a Form 144 notice reporting a proposed sale of 107,058 common shares through Morgan Stanley Smith Barney LLC on 09/22/2025. The filing lists an aggregate market value of $14,718,333.84 and shows 61,310,152 shares outstanding. The shares were acquired and are to be sold on the same date as the exercise of stock options, with payment made in cash.
The notice indicates no securities sold by the reporting person in the past three months and includes the standard representation that the seller is not aware of undisclosed material adverse information. Broker details and transaction mechanics are provided for investor transparency.
Positive
- Complete transaction details provided: number of shares, aggregate value, broker, acquisition date, and payment method are all disclosed
- Compliance with Rule 144: filing includes required representations and notes no sales in the past three months
- Broker identified: Morgan Stanley Smith Barney LLC is named, supporting execution transparency
Negative
- None.
Insights
TL;DR: Routine insider sale notice for option exercise; provides full transaction detail and broker information.
This Form 144 documents a scheduled sale tied to an option exercise rather than an open-market disposition without stated restrictions. It includes key metrics: 107,058 shares, $14.72 million aggregate market value, and the broker handling the transaction. The filing states no prior sales in the past three months, which is relevant to aggregation rules and shareholder disclosure practices. Overall, the filing appears procedural and informational rather than indicative of a material corporate event.
TL;DR: Disclosure aligns with Rule 144 compliance; standard attestation about material nonpublic information is included.
The notice follows Rule 144 mechanics by specifying acquisition method (exercise of stock options), payment method (cash), and broker details. The inclusion of the seller's representation regarding material information and the absence of other sales in the prior three months support regulatory transparency. From a governance perspective, this is a routine compliance filing rather than a signal of governance change or material corporate action.