ON (ON Semiconductor) files Form 144 for 15,000-share sale on NASDAQ
Rhea-AI Filing Summary
ON Semiconductor Corp filed a Form 144 reporting a proposed sale of 15,000 common shares through Morgan Stanley Smith Barney LLC on NASDAQ, with an aggregate market value of $768,259.50 and 408,973,992 shares outstanding. The filing lists an approximate sale date of 08/13/2025. The shares were acquired on 02/11/2023 via restricted stock vesting under a registered plan, and payment was recorded on that date. The filer reports no securities sold in the past three months. This Form 144 is a routine disclosure that specifies size, provenance, and execution channel for the planned sale.
Positive
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Negative
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Insights
TL;DR: Planned sale of 15,000 ON shares is immaterial relative to outstanding stock and reads as routine Rule 144 disclosure.
The Form 144 shows a proposed disposition of 15,000 common shares via Morgan Stanley Smith Barney with an aggregate value of $768,259.50. Compared with 408,973,992 shares outstanding, the sale equals roughly 0.0037% of the outstanding shares, indicating negligible market impact. The securities were acquired by restricted stock vesting on 02/11/2023, and there are no reported sales in the prior three months, which supports a view that this is a routine, compliant sale of vested equity rather than an active trading pattern.
TL;DR: Filing documents compliant insider disposition of vested awards; size is small and disclosure is complete for Rule 144 purposes.
The notice documents the intended sale channel, broker, and the origin of the shares (restricted stock vesting under a registered plan on 02/11/2023). The absence of any reported sales in the last three months and the explicit declaration of no undisclosed material adverse information are standard certifications on this form. Given the 15,000-share size versus 408,973,992 outstanding, this is unlikely to raise governance or market-impact concerns but does satisfy transparency expectations for officer/director/affiliate dispositions.