[144] Primoris Services Corporation SEC Filing
Rhea-AI Filing Summary
Primoris Services Corporation (PRIM) disclosure: This Form 144 shows that shares of Primoris common stock held for the account of John Perisich are proposed for sale through J.P. Morgan Securities LLC. The notice identifies 11,607 shares with an aggregate market value of $1,290,466.26, against 54,012,786 shares outstanding, with an approximate sale date of 08/11/2025 on the NYSE. The filing lists recent acquisitions of the reported shares as transfers to a trust on specific dates in 2016, 2019 and 2022, and shows a prior sale by the same person on 08/06/2025 of 15,695 shares for $1,728,505. The seller certifies they do not possess undisclosed material adverse information about the issuer.
Positive
- Regulatory compliance: The filer submitted a Form 144 detailing the proposed sale and required disclosures.
- Transaction transparency: Filing lists precise share counts, aggregate market values, broker (J.P. Morgan Securities LLC) and exchange (NYSE).
Negative
- Recent insider selling: The same person completed a sale of 15,695 shares on 08/06/2025 for $1,728,505 prior to the proposed sale.
- Additional supply: A proposed sale of 11,607 shares (aggregate value $1,290,466.26) could increase available shares from an insider on 08/11/2025.
Insights
TL;DR: Routine insider disclosure; quantifiable insider selling recorded but no operational metrics provided.
The Form 144 is a regulatory notice documenting an insider sale proposal rather than company operating results. It specifies the broker, the exact share counts and market values for the proposed sale (11,607 shares; $1,290,466.26) and discloses a recent completed sale (15,695 shares; $1,728,505). For investors this provides clarity on insider liquidity but contains no revenue, profit or forward guidance to alter fundamental valuation models.
TL;DR: Filing demonstrates compliance with Rule 144 and records transfers to trust; no governance violations disclosed.
The filing lists acquisitions via transfers to a trust on multiple dates and confirms the seller's certification about non-possession of undisclosed material adverse information. It documents both a recent completed sale and a planned sale through J.P. Morgan Securities LLC on the NYSE. From a governance perspective this is a routine transparency filing; it neither indicates unusual insider arrangements nor signals a breach of disclosure obligations based on the information provided.