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[144] United Parks & Resorts Inc. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

United Parks & Resorts Inc. (PRKS) filed a Form 144 reporting a proposed sale of 26,414 shares of common stock through Merrill Lynch on the NYSE with an aggregate market value of $1,357,351.12. The filer reports total shares outstanding of 55,013,897 and lists the approximate sale date as 09/15/2025. The securities were acquired and are being sold on 09/15/2025 via exercise of employee stock options from United Parks & Resorts Inc. and the payment method is described as a broker-assisted cashless exercise. The filing states there were no securities sold in the past three months by the person for whose account these securities are to be sold and includes the standard representation that the signer does not possess undisclosed material adverse information.

Positive

  • Full regulatory disclosure of the proposed sale including shares, aggregate value, and sale method
  • Acquisition and sale same-day via broker-assisted cashless exercise is clearly documented
  • No securities sold in the past three months by the reporting person, as stated in the filing

Negative

  • Insider intends to sell 26,414 shares, which may be viewed negatively by some investors despite being an option exercise

Insights

TL;DR: Routine Form 144 discloses an insider sale of 26,414 shares via cashless option exercise; appears procedural and disclosed.

The filing documents a single proposed sale executed via broker-assisted cashless exercise on the same date the securities were acquired, which is common for option exercises that use sale proceeds to cover exercise costs and taxes. The aggregate value reported is $1,357,351.12 and the company has 55,013,897 shares outstanding, giving investors precise figures for the transaction. No other sales in the past three months are reported, reducing the likelihood this is part of a larger, undisclosed selling pattern. This is a compliance-focused filing rather than an operational disclosure.

TL;DR: Form 144 shows compliant disclosure of an employee option exercise and intended sale; it raises routine governance transparency points.

The notice identifies the nature of acquisition as an exercise of employee stock options and specifies a broker-assisted cashless exercise as the payment mechanism, which is explicit and helpful for governance reviewers. The signer affirms no undisclosed material adverse information, and the filing records no recent sales by the same person. From a governance perspective, the document meets disclosure requirements; it does not, on its face, indicate governance or insider-trading concerns beyond the reported sale.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What does the Form 144 for PRKS report?

The Form 144 reports a proposed sale of 26,414 shares of common stock on 09/15/2025 with an aggregate market value of $1,357,351.12.

How were the PRKS shares acquired that are being sold?

The shares were acquired on 09/15/2025 through an exercise of employee stock options from United Parks & Resorts Inc.

What payment method is used for the PRKS transaction?

The filing states the payment method as a broker-assisted cashless exercise.

Which broker and exchange are involved in the proposed sale?

The broker is listed as Merrill Lynch and the sale is to occur on the NYSE.

Has the reporting person sold other PRKS securities in the past three months?

The filing indicates Nothing to Report for securities sold during the past three months.
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