[144] Open Text Corp SEC Filing

Rhea-AI Filing Summary

Open Text Corp (OTEX) filed a Form 144 notice disclosing a proposed sale of 217,957 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $7,232,772.27. The filing lists 254,316,690 shares outstanding, and indicates an approximate sale date of 09/05/2025 on NASDAQ. The shares were acquired by the seller through previously exercised options on multiple dates in 2019, 2020 and 2021, and were paid for in cash. The filer states there were no securities sold by the person in the past three months and signs the required representations about lacking undisclosed material information.

Positive

• Rule 144 disclosure filed detailing broker, share count, aggregate value, acquisition dates, and payment method
• No securities sold by the reporting person in the prior three months, per the filing

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider plans to sell 217,957 shares equal to about 0.086% of outstanding stock, disclosed under Rule 144.

The Form 144 shows a proposed brokered sale of 217,957 common shares valued at $7,232,772.27 through Morgan Stanley Smith Barney LLC with an approximate sale date of 09/05/2025. The securities were acquired via previously exercised options on several dates in 2019, 2020 and 2021 and paid in cash. Given the stated outstanding share count of 254,316,690, the proposed sale represents approximately 0.086% of the outstanding shares, indicating a relatively small reported disposition relative to the share base. No sales in the prior three months are reported.

Corporate Governance Expert

TL;DR: The filing is a routine Rule 144 disclosure confirming compliance and an insider sale executed via a broker.

The notice meets Rule 144 disclosure requirements by identifying the broker, number of shares, aggregate value, acquisition dates and payment method. The seller affirms no undisclosed material information and reports no aggregated sales in the past three months. This is a standard insider disclosure that documents compliance with resale conditions for restricted or control securities acquired via option exercises.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	217957	7232772.27	254316690	09/05/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	11/08/2021	Previously Exercised Options	Issuer			40875	11/08/2021	Cash
Common	11/12/2019	Previously Exercised Options	Issuer			13953	11/12/2019	Cash
Common	02/10/2020	Previously Exercised Options	Issuer			82740	02/10/2020	Cash
Common	11/12/2019	Previously Exercised Options	Issuer			14815	11/12/2019	Cash
Common	11/08/2021	Previously Exercised Options	Issuer			17174	11/08/2021	Cash
Common	02/11/2020	Previously Exercised Options	Issuer			48400	02/11/2020	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Open Text (OTEX) Form 144 disclose?

The filing discloses a proposed sale of 217,957 common shares valued at $7,232,772.27 through Morgan Stanley Smith Barney LLC with an approximate sale date of 09/05/2025.

How many Open Text shares are outstanding according to the filing?

The Form 144 reports 254,316,690 shares outstanding.

How were the shares acquired that are being sold in the OTEX filing?

The listed shares were acquired through previously exercised options on dates in 2019, 2020, and 2021 and payment was made in cash.

Who is the broker named in the Open Text Form 144?

The broker named is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza 8th Floor New York NY 10004.

Does the filer report any securities sold in the past three months?

The filing states: Nothing to Report for securities sold during the past three months.