Ollie's (OLLI) Form 144 Filed for 2,117-Share Sale on NASDAQ
Rhea-AI Filing Summary
Ollie's Bargain Outlet Holdings, Inc. (OLLI) filed a Form 144 notifying of a proposed sale of 2,117 common shares, with an aggregate market value of $275,210.00, listing approximately 61,341,122 shares outstanding. The sale is planned for 09/03/2025 on NASDAQ through Morgan Stanley Smith Barney LLC. The shares to be sold were acquired via restricted stock vesting under a registered plan on 10/18/2022 (499 shares), 03/25/2023 (711 shares), 10/18/2023 (499 shares) and 10/18/2024 (408 shares). The filer reports no securities sold in the past three months and includes the standard representation regarding material nonpublic information in the signature/remarks section.
Positive
- Broker identified: Morgan Stanley Smith Barney LLC is named to execute the sale
- Acquisition history disclosed: All shares originated from restricted stock vesting events with acquisition dates and amounts provided
- No recent sales: The filer reports nothing to report for securities sold in the past three months
Negative
- Insider sale announced: A proposed sale of 2,117 shares (aggregate value $275,210.00) is scheduled, indicating insider selling activity
Insights
TL;DR: Insider proposes to sell a small block of vested restricted shares through a registered broker on NASDAQ.
This Form 144 is a routine disclosure under Rule 144 reporting a proposed sale of 2,117 common shares valued at $275,210.00. The shares originated from restricted stock vesting events across 2022–2024 under a registered plan. The filing names Morgan Stanley Smith Barney LLC as the broker and shows no sales in the prior three months, which is a factual detail relevant to aggregation and timing rules. The form includes the required signature representation about material nonpublic information.
TL;DR: Transaction appears procedural: vested awards being registered for sale via an institutional broker.
The notice documents acquisition dates and amounts for each vested lot: 499 shares on 10/18/2022, 711 shares on 03/25/2023, 499 shares on 10/18/2023 and 408 shares on 10/18/2024. The planned sale date is 09/03/2025 on NASDAQ. No past three-month sales are reported, which may affect calculation of allowable sale volumes under Rule 144. All information presented is transactional and non-interpretive.