STOCK TITAN

Progressive (PGR) Form 144 details 2,218-share planned sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Progressive Corporation (PGR) filed a Form 144 covering the proposed sale of 2,218 common shares (approx. market value $552,814) through Fidelity Brokerage Services on the NYSE, with an expected trade date of 28 Jul 2025. The filing shows 586,223,643 shares outstanding; the planned sale represents about 0.0004 % of total shares, indicating de minimis dilution risk. The securities were acquired via restricted-stock vesting on 25 Jul 2025 and are being sold for the account of the filer (name not disclosed in the excerpt).

The filer also sold 4,000 shares on 20 Jun 2025 for gross proceeds of $1.041 million. No material adverse information or undisclosed data were acknowledged, as required by Rule 144 certifications. Relationship to issuer and 10b5-1 plan status were not provided.

  • Form type: 144 (notice of intent to sell restricted/affiliate shares)
  • Broker: Fidelity Brokerage Services, Smithfield, RI
  • Class: Common stock
  • Aggregate market value of proposed sale: $552.8k

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Small insider-related sale (2,218 shares) worth $553k; immaterial versus 586.2 M outstanding, neutral signal.

The Form 144 signals intent, not certainty, of sale. Share count is negligible (0.0004 % of float) and unlikely to affect liquidity or price for a >$100 B-cap insurer. Previous 4,000-share sale in June indicates ongoing diversification but still minor. Absence of 10b5-1 details or role of seller limits insight into motivation. Overall, I view the filing as routine administrative disclosure with no valuation impact.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

How many Progressive (PGR) shares are covered by this Form 144 filing?

The notice covers 2,218 common shares of Progressive Corporation.

What is the approximate market value of the shares to be sold?

The aggregate market value is listed at $552,814.32.

When is the anticipated sale date for the shares?

The filer indicates an approximate sale date of 28 July 2025.

What percentage of Progressive’s outstanding shares does the proposed sale represent?

Roughly 0.0004 % of the 586,223,643 shares outstanding.

Have there been recent sales by the same filer?

Yes, 4,000 shares were sold on 20 Jun 2025 for $1.041 million in gross proceeds.