[144] Perimeter Solutions, Inc. SEC Filing
Perimeter Solutions, Inc. (PRM) Form 144 notice reports a proposed sale of 250,000 common shares by an insider through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $5,567,750.00. The shares were acquired and are proposed to be sold on 09/04/2025 following the exercise of options under a registered plan, and payment for the acquisition was in cash. The filer certifies there is no undisclosed material adverse information and indicates no securities of the issuer were sold by the filer in the prior three months.
- Clear procedural disclosure: The filing specifies broker, dates, acquisition method, and payment, meeting Rule 144 reporting requirements
- No prior sales reported: The filer reports "Nothing to Report" for securities sold in the past three months
- Limited identifying information: The filer’s relationship or role with the issuer is not specified in the provided text, reducing context for investors
Insights
TL;DR: Insider intends to sell 250,000 shares (~$5.57M) after option exercise; routine disclosure with limited market impact.
The Form 144 shows a scheduled sale tied to a same-day exercise of registered options, executed through Morgan Stanley Smith Barney LLC on the NYSE. The filing discloses the mechanics (exercise then sale, cash payment) and affirms no prior sales in the last three months. Relative to the reported outstanding share count of 146,452,138, the proposed sale represents roughly 0.17% of shares outstanding, which is small and unlikely to materially affect market valuation. The disclosure meets Rule 144 procedural requirements but does not provide information on the identity or role of the seller beyond being a person for whose account the securities are to be sold.
TL;DR: Transaction appears procedural following option exercise; compliance representation included, no red flags in filing text.
The notice documents an exercise-of-options acquisition and immediate proposed sale, with broker and transaction dates specified. The signature/representation language affirms no undisclosed material adverse information and references Rule 10b5-1 considerations. The form lacks identifying details about the filer’s relationship beyond the generic field, so governance implications are limited by absence of role/title disclosure. From a governance perspective, this is a standard Form 144 disclosure without indications of insider-driven material events.