Primoris (PRIM) files Form 144 for small $1.16 M insider sale

Rhea-AI Filing Summary

Primoris Services Corporation (PRIM) – Form 144 Notice of Proposed Sale

The filer has notified the SEC of an intention to sell 15,000 common shares of Primoris Services Corporation pursuant to Rule 144. The proposed transaction will be executed through Morgan Stanley Smith Barney LLC on or about 24 June 2025. The shares were originally acquired on 31 July 2008 via a merger or acquisition transaction directly from the issuer. No other sales by the same beneficial owner have been reported in the preceding three-month period.

The filing lists an aggregate market value of $1,161,369 for the planned sale, implying an indicative price of roughly $77.42 per share. Relative to the company’s 54,001,988 shares outstanding, the disposition represents only 0.03 %, suggesting minimal dilution or ownership impact. The notice also states that the seller affirms no knowledge of undisclosed material adverse information about the issuer and acknowledges the penalties for false statements under 18 U.S.C. §1001.

No filer name, relationship to the issuer, or additional contact details have been provided in the excerpt. Likewise, there are no comments, past-sale disclosures, or remarks that would indicate unusual circumstances or a broader disposition strategy.

Investor takeaway: This is a routine Form 144 filing signaling a small prospective insider sale. While insider sales can attract attention, the volume is immaterial relative to total shares outstanding, and no negative information is asserted by the seller.

Positive

• None.

Negative

• Insider intends to sell 15,000 shares valued at roughly $1.16 million, which may be perceived negatively by some investors even though the percentage of outstanding shares is minimal.

Insights

Securities Analyst

TL;DR: Minor insider sale—15k shares (0.03 %) worth $1.16 M; limited market impact.

The Form 144 reveals a single planned sale that is trivial versus PRIM’s float. No pricing discount, block sale, or unusual timing is apparent, and the seller has held the shares since 2008, indicating a long-term position rather than near-term profit-taking. Liquidity on NYSE should easily absorb a 15 k-share order, so pressure on the share price is expected to be negligible. Because no other insider activity is reported for the last three months and there is no accompanying negative disclosure, I view the filing as routine.

Corporate Governance Expert

TL;DR: Governance neutral; disclosure satisfies Rule 144, but transparency incomplete.

The notice meets technical compliance requirements, yet key identifiers—filer name and relationship to the issuer—are missing from the provided excerpt. Absent that data, stakeholders cannot fully assess potential signaling effects tied to executive or director transactions. Nonetheless, the attestation that no material non-public information exists mitigates governance risk. Overall, the event does not raise red flags, but more fulsome disclosure would enhance transparency.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	15000	1161369.00	54001988	06/24/2025	NYSE

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/31/2008	Merger/Acquisition	Issuer			15000	07/31/2008	Not Applicable

* 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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Primoris Services (PRIM) shares are being sold under this Form 144?

The filing covers 15,000 common shares.

What is the estimated market value of the planned PRIM share sale?

The aggregate market value listed is $1,161,369.

When is the approximate sale date for the PRIM shares?

The filer indicates an approximate sale date of 24 June 2025.

What percentage of Primoris’s outstanding shares does the 15,000-share sale represent?

It represents roughly 0.03 % of the 54,001,988 shares outstanding.

Which broker will handle the sale of PRIM shares?

The shares will be sold through Morgan Stanley Smith Barney LLC.

When and how were the shares originally acquired?

They were acquired on 31 July 2008 via a merger/acquisition transaction with the issuer.