[144] Primoris Services Corp SEC Filing
Rhea-AI Filing Summary
Form 144 notice for Primoris Services Corp (PRIM) discloses a proposed sale of 3,006 common shares by a person who acquired those shares on 03/01/2024 through restricted stock vesting as compensation. The filer lists an approximate sale date of 09/15/2025, an aggregate market value of $372,744.30, and total shares outstanding of 54,012,786. The filing states there were no securities sold by this person in the past three months and includes the standard representation that the seller does not possess undisclosed material adverse information about the issuer.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small planned sale of vested restricted shares, disclosed per Rule 144; likely immaterial to PRIM's market capitalization.
The filing reports a proposed sale of 3,006 common shares acquired via restricted stock vesting on 03/01/2024 and intended for sale around 09/15/2025. The aggregate market value is reported as $372,744.30 against 54,012,786 shares outstanding. From a financial-analyst perspective, the disclosed quantity represents a very small fraction of outstanding shares and appears to be routine insider liquidity following vesting. The notice contains the required attestation about lack of undisclosed material adverse information and shows no prior sales in the past three months by this person.
TL;DR: Proper Rule 144 disclosure for compensation-related vested shares; procedural compliance is evident.
The filer documents acquisition by restricted stock vesting and the intention to sell under Rule 144, including broker details (Fidelity Brokerage Services LLC) and expected sale timing. The submission includes the standard signature representation about material information and notes no recent sales to aggregate. From a governance standpoint, the form follows required disclosure protocols for insider sales tied to compensation events.