Open Text (NASDAQ: OTEX) officer eyes sale of restricted stock

Rhea-AI Filing Summary

OPEN TEXT CORP (OTEX) is the issuer of common shares that Paul Michael Duggan has notified for potential sale under Rule 144. The notice covers 1,961 common shares, held in an account at Morgan Stanley Smith Barney LLC Executive Financial Services, with an aggregate market value of $49,025.00 as of this filing. The shares are described as Restricted Stock, to be sold on the NASDAQ market, with Duggan identified as an officer of the issuer.

In addition, Duggan reports prior sales of OPEN TEXT CORP common shares during the past three months: 13,790 shares sold on June 3, 2026 for $341,854.00, and 13,870 shares sold on May 23, 2026 for $321,922.00. This filing is a notice of proposed disposition of restricted or control securities in compliance with Rule 144.

Key Figures

Common shares proposed to be sold: 1,961 shares Aggregate market value of proposed sale: $49,025.00 Shares sold on June 3, 2026: 13,790 shares +3 more

6 metrics

Common shares proposed to be sold 1,961 shares Shares of OPEN TEXT CORP common stock covered by the Rule 144 notice

Aggregate market value of proposed sale $49,025.00 Value of 1,961 OPEN TEXT CORP common shares in the Form 144

Shares sold on June 3, 2026 13,790 shares OPEN TEXT CORP common shares sold by Paul Duggan during past 3 months

Proceeds from June 3, 2026 sale $341,854.00 Value of 13,790 OPEN TEXT CORP shares sold on June 3, 2026

Shares sold on May 23, 2026 13,870 shares OPEN TEXT CORP common shares sold by Paul Duggan during past 3 months

Proceeds from May 23, 2026 sale $321,922.00 Value of 13,870 OPEN TEXT CORP shares sold on May 23, 2026

Key Terms

Rule 144, Restricted Stock, Form 144

3 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Stock financial

"Common | 08/05/2026 | Restricted Stock | Issuer"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Form 144 regulatory

"144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

FAQ

What does this Form 144 filing mean for OPEN TEXT CORP (OTEX)?

It is a notice that officer Paul Michael Duggan may sell 1,961 restricted common shares of OPEN TEXT CORP under Rule 144, with an indicated aggregate market value of $49,025.00. It discloses proposed sales and recent prior sales of the issuer’s stock.

How many OTEX shares is Paul Duggan proposing to sell under this Form 144?

Paul Duggan is proposing to sell 1,961 common shares of OPEN TEXT CORP. The filing lists these as Restricted Stock to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services on the NASDAQ market.

What is the market value of the OTEX shares covered by this Form 144?

The Form 144 indicates an aggregate market value of $49,025.00 for the 1,961 common shares of OPEN TEXT CORP that are proposed to be sold under Rule 144.

What OTEX share sales has Paul Duggan made in the past three months?

The filing reports two sales of OPEN TEXT CORP common shares: 13,790 shares sold on June 3, 2026 for $341,854.00, and 13,870 shares sold on May 23, 2026 for $321,922.00.

Who is selling the OTEX shares disclosed in this Form 144?

The person for whose account the securities are to be sold is Paul Michael Duggan, identified as an officer of OPEN TEXT CORP. The securities are to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services.

What type of OTEX securities are covered by this Form 144 notice?

The securities are OPEN TEXT CORP common shares classified as Restricted Stock. The Form 144 notice covers a proposed sale of 1,961 restricted common shares under Rule 144.

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Available on EDGAR 08/21/2026 - 06:28 PM Accepted by SEC EDGAR 08/21/2026 - 06:28 PM Learn about SEC filing dates

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	0001983825
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	OPEN TEXT CORPORATION
SEC File Number	000-27544
Address of Issuer	275 FRANK TOMPA DRIVE WATERLOO ONTARIO, CANADA N2L 0A1
Phone	519-888-7111
Name of Person for Whose Account the Securities are To Be Sold	PAUL DUGGAN
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	Officer

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	1961	49025.00	242126739	08/21/2026	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	08/05/2026	Restricted Stock	Issuer			1961	08/05/2026	Not Applicable

* 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
PAUL DUGGAN 275 FRANK TOMPA DRIVE WATERLOO A6 N2L 0A1	Common	06/03/2026	13790	341854.00
PAUL DUGGAN 275 FRANK TOMPA DRIVE WATERLOO A6 N2L 0A1	Common	05/23/2026	13870	321922.00

144: Remarks and Signature

Remarks
Date of Notice	08/21/2026
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	/s/ Paul Michael Duggan
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)