[144] PHOTRONICS INC SEC Filing
Form 144 filed for Photronics, Inc. (PLAB) reports a proposed sale of 42,750 common shares with an aggregate market value of $1,026,000 via Fidelity Brokerage Services, expected on or about 10/02/2025. The filing states there are 59,004,625 shares outstanding, so the proposed sale represents a small fraction of the company.
The 42,750 shares were acquired through restricted stock vesting between January 2020 and April 2023 in scheduled tranches and were issued as compensation. The filer certifies they do not possess undisclosed material adverse information.
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Insights
Routine insider sale flagged: modest size relative to float, sourced from vested compensation.
The filing discloses a proposed sale of 42,750 common shares valued at $1,026,000 through Fidelity, representing roughly 0.07% of the 59,004,625 shares outstanding. All shares originated from scheduled restricted stock vesting between 2020 and 2023 and were granted as compensation. For market impact, this size is immaterial to overall supply. The disclosure is complete for a Rule 144 notice: sale amount, broker, acquisition dates, and nature of acquisition are provided.
Disclosure aligns with compliance norms; transaction appears to be monetization of vested compensation, not a sudden divestiture.
The filer documents tranche-by-tranche vesting from the issuer over multiple years, totaling the exact number of shares proposed for sale, and affirms no undisclosed material information. The use of a standard broker and a formal Rule 144 notice suggests adherence to disclosure and trading controls. No indications of accelerated or atypical transfers are present in the filing.