[144] OPEN TEXT CORP SEC Filing

Rhea-AI Filing Summary

Form 144 notice shows a proposed sale by an insider of 100,009 common shares, with an aggregate market value of $3,868,308.12, planned for 10/10/2025 on NASDAQ. The shares were recorded as acquired on 10/10/2025 through an exercise of options under a registered plan with payment in cash. The filing lists the broker as Morgan Stanley Smith Barney LLC.

The issuer has 254,316,690 shares outstanding, and the filer disclosed two recent sales within the prior three months: 108,320 shares sold on 10/07/2025 for $4,108,306.80 and 217,957 shares sold on 09/05/2025 for $7,232,772.28. The signer affirms no undisclosed material adverse information.

Positive

• Shares acquired via exercise under a registered plan on 10/10/2025, indicating a planned liquidity event
• Broker engagement with Morgan Stanley Smith Barney LLC suggests standard execution channels

Negative

• Insider proposing to sell $3,868,308.12 of stock on 10/10/2025, increasing insider share turnover
• Recent insider sales of 108,320 and 217,957 shares in the past three months for proceeds of $4,108,306.80 and $7,232,772.28

Insights

Corporate Governance Analyst

Insider sold exercised shares using a broker; recent multiple sales indicate ongoing liquidity events.

The filing records the proposed sale of 100,009 common shares acquired by option exercise on 10/10/2025

Transaction execution will use Morgan Stanley Smith Barney LLC on 10/10/2025. Investors may note the filer completed two transactions totaling 326,277 shares in the prior three months, which are material to insider turnover and should be observed over the next several weeks for additional sales activity.

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	100009	3868308.12	254316690	10/10/2025	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	10/10/2025	Exercise of options under a registered plan	Issuer			100009	10/10/2025	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
MARK J BARRENECHEA 275 FRANK TOMPA DRIVE WATERLOO A6 N2L 0A1	Common	10/07/2025	108320	4108306.80
THE MARK J BARRENECHEA REV TR 275 FRANK TOMPA DRIVE WATERLOO A6 N2L 0A1	Common	09/05/2025	217957	7232772.28

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 OTEX's Form 144 filed here disclose about the proposed sale?

It discloses a proposed sale of 100,009 common shares with an aggregate market value of $3,868,308.12 to occur on 10/10/2025 on NASDAQ.

How were the 100,009 shares acquired according to the filing for OTEX?

The filing states the shares were acquired on 10/10/2025 by exercise of options under a registered plan and paid in cash.

Who is the broker handling the proposed sale in the OTEX Form 144?

The broker named is Morgan Stanley Smith Barney LLC located at 1 New York Plaza, New York, NY.

Has the filer sold OTEX shares recently?

Yes. The filing reports sales of 108,320 shares on 10/07/2025 for $4,108,306.80 and 217,957 shares on 09/05/2025 for $7,232,772.28.

How many OTEX shares are outstanding per the Form 144?

The filing lists 254,316,690 shares outstanding for the issuer.