Insider Simon Keeton plans $3.5M ON (NASDAQ: ON) stock sale
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
onsemi insider Simon Keeton has filed a notice of proposed share sales under Rule 144. The filing covers 48,860 shares of common stock with an aggregate market value of $3,505,698.73, to be sold through Morgan Stanley Smith Barney LLC on NASDAQ, with an approximate sale date of February 17, 2026.
The securities to be sold were acquired through restricted stock, performance share awards, and an employee stock purchase plan. The filing also notes that Keeton sold 21,000 common shares in the past three months for gross proceeds of $1,170,057.00. Shares of the issuer outstanding were 394,020,530.
Positive
- None.
Negative
- None.
FAQ
What does the Form 144 filing by Simon Keeton mean for ON?
The filing shows insider Simon Keeton plans to sell 48,860 ON shares under Rule 144. These are planned secondary sales, not new share issuances, so the company does not raise capital and existing shareholders are not diluted by this filing.
Which broker is handling the planned ON (ON) Rule 144 sale?
The notice identifies Morgan Stanley Smith Barney LLC Executive Financial Services as broker for the proposed sale of 48,860 ON common shares. The planned sales are listed as occurring on the NASDAQ exchange around February 17, 2026, subject to market conditions and Rule 144.