PAG Form 144 Filing — 1,604 Vested Shares Listed for Sale via Morgan Stanley

Rhea-AI Filing Summary

Penske Automotive Group (PAG) insider submitted a Form 144 to sell 1,604 shares of common stock through Morgan Stanley Smith Barney, with an aggregate market value of $289,900.86. The filing lists approximately 66,044,372 shares outstanding and an approximate sale date of 08/18/2025. The shares were acquired on 12/13/2023 as restricted stock that vested under a registered plan and were received as compensation. The filer reports no securities sold by the same person in the past three months and includes the standard representation that no undisclosed material adverse information is known.

Positive

• Planned sale is documented and routed through a registered broker (Morgan Stanley Smith Barney), indicating standard transaction processes
• Shares originated from restricted stock vesting under a registered plan, showing the disposal is of previously granted compensation

Negative

• None.

Insights

Securities Analyst

TL;DR Small planned sale of vested restricted shares by an insider using a brokered execution.

The filing documents a proposed sale of 1,604 shares through Morgan Stanley Smith Barney with an aggregate market value of $289,900.86 and an approximate sale date of 08/18/2025. The shares originated from restricted stock that vested on 12/13/2023 and were granted as compensation. There are no reported sales by the same person in the prior three months. Given the size relative to the outstanding share count provided in the filing, this appears to be a routine insider liquidity event rather than a material corporate development.

Corporate Governance Expert

TL;DR Form 144 is a standard disclosure for compliance with Rule 144 when insiders sell vested restricted shares.

The notice follows Rule 144 requirements by identifying the broker, the class and number of securities, acquisition date and nature (restricted stock vesting under a registered plan), and the intended sale date. The filer affirms no undisclosed material adverse information. The filing indicates adherence to regulatory and company reporting norms; it does not, by itself, signal governance or operational issues.

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	1604	289900.86	66044372	08/18/2025	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	12/13/2023	Restricted stock vesting under a registered plan	Issuer			1604	12/13/2023	Compensation

* 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 Form 144 for PAG disclose?

The filing discloses a proposed sale of 1,604 common shares through Morgan Stanley Smith Barney with aggregate market value $289,900.86 and an approximate sale date of 08/18/2025.

When were the shares to be sold acquired according to the Form 144?

The shares were acquired on 12/13/2023 as restricted stock that vested under a registered plan and were received as compensation.

Does the filing report any securities sold in the past three months by this person?

No. The Form 144 states 'Nothing to Report' for securities sold during the past three months by the person for whose account the securities are to be sold.

Through which broker will the PAG shares be sold?

Morgan Stanley Smith Barney LLC Executive Financial Services located at 1 New York Plaza, 8th Floor, New York, NY is listed as the broker.

What representation does the filer make regarding material information?

The filer represents they do not know any material adverse information regarding the issuer that has not been publicly disclosed, as required on the form.