PLXS Insider Sale Notice — 4,500 RSU Shares for $628,290
Rhea-AI Filing Summary
Plexus Corp (PLXS) Form 144 notice shows a proposed sale of 4,500 common shares through Robert W. Baird on 09/02/2025, with an aggregate market value of $628,290. The shares were acquired on 01/27/2023 upon vesting of restricted stock units and were paid as compensation. The filing reports 26,986,726 shares outstanding. It also discloses three prior sales by the same person of 1,500 shares each on 06/02/2025, 07/01/2025 and 08/01/2025 with gross proceeds of $194,805.45, $201,765 and $188,445, respectively.
Positive
- Clear compliance with Rule 144 disclosure requirements including broker, acquisition details, and sale dates
- Securities originated from compensation (RSU vesting), clarifying the source of shares rather than open-market purchase
- Prior sales disclosed for the past three months, enhancing transparency about insider liquidity
Negative
- None.
Insights
TL;DR: Insider plans to sell vested RSUs totaling 4,500 shares; size is immaterial versus outstanding shares.
The filing documents a routine Form 144 sale of 4,500 shares that were acquired via RSU vesting on 01/27/2023 and are being routed through Robert W. Baird with an aggregate market value of $628,290. The filer previously sold three lots of 1,500 shares each over the past three months. Compared with the issuer's reported outstanding shares of 26,986,726, the proposed sale is a de minimis portion of equity and is consistent with monetizing compensation rather than a large-scale disposition.
TL;DR: Disclosure aligns with Rule 144 requirements; provides clear provenance and recent transaction history.
The notice includes necessary provenance: acquisition date, nature of acquisition (vesting of RSUs), payment type (compensation), broker details, and recent sales history. This level of disclosure supports transparency around insider liquidity. There is no indication in the filing of undisclosed material information or reliance on a 10b5-1 plan; the signature/remarks section contains the standard attestation about material nonpublic information.
FAQ
What does the PLXS Form 144 disclose about the upcoming sale?
What insider sales occurred in the past three months for PLXS?
Was a trading plan (Rule 10b5-1) disclosed in this Form 144?