PAG Form 144: Insider notice to sell 3,000 shares valued at $552,904

Rhea-AI Filing Summary

Penske Automotive Group (PAG) filed a Form 144 notifying a proposed sale of 3,000 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $552,904.20 and an approximate sale date of 08/13/2025 on the NYSE. The filing shows the shares were acquired on 06/01/2024 as restricted stock vesting under a registered plan and were issued for services rendered.

The filing lists 66,044,372 shares outstanding, which provides scale for the proposed sale, and separately discloses a past sale where Shane Spradlin sold 3,158 shares on 06/09/2025 for gross proceeds of $527,704.64. Some administrative fields (Filer CIK/CCC and an explicit "Name of Person for Whose Account" entry) are not provided in the form content supplied.

Insights

Securities Analyst

TL;DR: A routine Form 144 notice for 3,000 shares (~$552.9k); size is immaterial relative to total shares outstanding.

The filing reports a proposed sale of 3,000 common shares with an aggregate market value of $552,904.20, implying an approximate per-share value of about $184.30. Against 66,044,372 shares outstanding, the 3,000-share block represents roughly 0.0045% of the float, which is immaterial from a market-impact perspective. The shares were acquired 06/01/2024 via restricted stock vesting under a registered plan (payment: services rendered), indicating this is a liquidity event tied to compensation rather than a market-driven disposition. Impact to shareholders or valuation is likely neutral.

Corporate Governance Expert

TL;DR: Disclosure is standard for insiders converting restricted equity to sellable shares; form contains required attestation but omits some administrative identifiers.

The Form 144 includes the required representation that the seller does not possess undisclosed material information and documents the acquisition method (restricted stock vesting) and planned broker (Morgan Stanley Smith Barney LLC). The filing also lists a recent sale by Shane Spradlin (3,158 shares on 06/09/2025 for $527,704.64), which provides recent trading context. Notably, the supplied content does not include the filer CIK/CCC or an explicit "Name of Person for Whose Account" in the issuer section, which are administrative items that should ordinarily appear. From a governance standpoint the notice is routine and informational; it raises no material governance concerns in the supplied text.

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	3000	552904.20	66044372	08/13/2025	NYSE

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	06/01/2024	Restricted stock vesting under a registered plan	Issuer			3000	06/01/2024	Services Rendered

* 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
SHANE SPRADLIN 2555 TELEGRAPH RD BLOOMFIELD HILLS MI 48302-0954	Common	06/09/2025	3158	527704.64

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 Penske Automotive (PAG) Form 144 disclose?

It discloses a proposed sale of 3,000 common shares via Morgan Stanley with aggregate market value $552,904.20 and approximate sale date 08/13/2025 on the NYSE.

When and how were the 3,000 shares acquired?

The shares were acquired on 06/01/2024 as restricted stock vesting under a registered plan, and the filing notes payment was for services rendered.

Does the filing show any recent sales by insiders for PAG?

Yes. The form shows Shane Spradlin sold 3,158 shares on 06/09/2025 for gross proceeds of $527,704.64.

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

Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004 is listed as the broker for the proposed sale.

Are any required administrative details missing from the supplied Form 144 content?

Yes. The supplied content does not include Filer CIK/CCC entries and does not explicitly populate the "Name of Person for Whose Account the Securities are To Be Sold" field in the issuer section.