Plexus (PLXS) Files Form 144 for 2,102 Performance Shares
Rhea-AI Filing Summary
Plexus Corporation (PLXS) Form 144: A notice of proposed sale reports 2,102 common shares to be sold through Morgan Stanley Smith Barney LLC on NASDAQ with an approximate sale date of 08/15/2025. The filing lists an aggregate market value of $274,163.86 and 26,986,726 shares outstanding. The shares were acquired as performance shares on 11/16/2023 from the issuer and were fully paid on that date. The filer reports no securities sold in the past three months. The notice includes the standard signer representation that the selling person is not aware of any undisclosed material adverse information about the issuer.
Positive
- Full transaction details disclosed: class, broker, number of shares, aggregate value, and approximate sale date are all provided
- Acquisition origin specified: shares were granted as performance shares and acquired on 11/16/2023
- No recent dispositions: filer reports nothing to report for securities sold in the past three months
Negative
- None.
Insights
TL;DR: Form 144 discloses a small proposed sale of 2,102 performance shares worth $274k, filed for sale through Morgan Stanley on NASDAQ.
The filing is routine: it identifies the broker, the class, the acquisition date and nature (performance shares), the proposed approximate sale date, aggregate market value and total shares outstanding. There are no reported sales in the prior three months, which indicates this is a new planned disposition rather than a follow-up sale. Materiality appears limited given the disclosed size, and the form includes the required representation regarding undisclosed material adverse information.
TL;DR: Governance disclosure standards met: acquisition details and broker are provided; filer affirms no undisclosed material information.
The Form 144 provides the key compliance elements: nature and date of acquisition (performance shares on 11/16/2023), proposed broker and sale date, and the seller's legal attestation. The relationship to the issuer field is present but not populated in the provided text. No information in the filing suggests a governance violation; the notice follows Rule 144 procedural requirements.
FAQ
What does Plexus (PLXS) Form 144 report?
Does the Form 144 show prior sales by the same person?
Which broker and exchange are listed for the proposed sale?
Does the filer assert any undisclosed material information about Plexus?