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[8-K] Prudential Financial, Inc. Reports Material Event

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Rhea-AI Filing Summary

Copart Inc. (CPRT) has filed a Form 144 indicating the proposed sale of 24,088 common shares through Morgan Stanley Smith Barney on the NASDAQ around 15 July 2025. The shares were recently acquired on the same date via the cash exercise of stock options. Based on the filing’s stated outstanding share count of 966.9 million, the planned sale represents roughly 0.0025 % of total shares, with an aggregate market value of $1.14 million. No other sales by the same insider were reported in the past three months, and no additional material information—such as the seller’s identity or relationship to the issuer—was disclosed.

The notice is routine and does not, by itself, suggest any change in Copart’s fundamentals; rather, it provides procedural advance disclosure required when an insider intends to sell restricted or control securities under Rule 144.

Copart Inc. (CPRT) ha presentato un Modulo 144 che indica la proposta vendita di 24.088 azioni ordinarie tramite Morgan Stanley Smith Barney sul NASDAQ intorno al 15 luglio 2025. Le azioni sono state recentemente acquisite nella stessa data tramite il esercizio in contanti di opzioni su azioni. Considerando il numero di azioni in circolazione dichiarato nella comunicazione, pari a 966,9 milioni, la vendita pianificata rappresenta circa lo 0,0025% del totale delle azioni, con un valore di mercato complessivo di 1,14 milioni di dollari. Negli ultimi tre mesi non sono state segnalate altre vendite da parte dello stesso insider, né sono state fornite ulteriori informazioni rilevanti, come l’identità del venditore o il suo rapporto con l’emittente.

La comunicazione è di natura ordinaria e non suggerisce, di per sé, alcuna modifica ai fondamentali di Copart; si tratta piuttosto di una divulgazione preventiva richiesta quando un insider intende vendere titoli soggetti a restrizioni o di controllo secondo la Regola 144.

Copart Inc. (CPRT) ha presentado un Formulario 144 indicando la venta propuesta de 24,088 acciones comunes a través de Morgan Stanley Smith Barney en NASDAQ alrededor del 15 de julio de 2025. Las acciones fueron adquiridas recientemente en la misma fecha mediante el ejercicio en efectivo de opciones sobre acciones. Según el conteo de acciones en circulación declarado en la presentación, que es de 966.9 millones, la venta planeada representa aproximadamente el 0.0025% del total de acciones, con un valor de mercado agregado de 1.14 millones de dólares. No se reportaron otras ventas por parte del mismo insider en los últimos tres meses, ni se divulgó información adicional relevante, como la identidad del vendedor o su relación con el emisor.

El aviso es rutinario y no sugiere, por sí solo, ningún cambio en los fundamentos de Copart; más bien, proporciona una divulgación anticipada requerida cuando un insider planea vender valores restringidos o de control bajo la Regla 144.

Copart Inc. (CPRT)는 Form 144를 제출하여 2025년 7월 15일경 Morgan Stanley Smith Barney를 통해 24,088 보통주 매각을 제안했습니다. 해당 주식은 같은 날 주식매수선택권 현금 행사를 통해 최근에 취득되었습니다. 제출된 발행 주식 수는 9억 6,690만 주로, 계획된 매각은 전체 주식의 약 0.0025%에 해당하며, 총 시장 가치는 114만 달러입니다. 지난 3개월 동안 같은 내부자의 다른 매각 보고는 없었으며, 판매자의 신원이나 발행사와의 관계와 같은 추가 중요한 정보도 공개되지 않았습니다.

이 통지는 일상적인 절차이며, 단독으로 Copart의 기본적 상황 변화를 시사하지 않습니다. 이는 내부자가 Rule 144에 따라 제한 또는 통제 주식을 매각하려 할 때 요구되는 사전 공시 절차입니다.

Copart Inc. (CPRT) a déposé un Formulaire 144 indiquant la vente proposée de 24 088 actions ordinaires via Morgan Stanley Smith Barney sur le NASDAQ aux alentours du 15 juillet 2025. Ces actions ont été récemment acquises à la même date par le biais de l’exercice au comptant d’options d’achat d’actions. Sur la base du nombre d’actions en circulation déclaré dans le dépôt, soit 966,9 millions, la vente prévue représente environ 0,0025 % du total des actions, pour une valeur marchande globale de 1,14 million de dollars. Aucune autre vente par le même initié n’a été signalée au cours des trois derniers mois, et aucune information supplémentaire importante – telle que l’identité du vendeur ou sa relation avec l’émetteur – n’a été divulguée.

Cette notification est de nature routinière et ne suggère pas, en elle-même, de changement dans les fondamentaux de Copart ; elle constitue plutôt une divulgation préalable requise lorsqu’un initié prévoit de vendre des titres restreints ou sous contrôle en vertu de la Règle 144.

Copart Inc. (CPRT) hat ein Formular 144 eingereicht, das den geplanten Verkauf von 24.088 Stammaktien über Morgan Stanley Smith Barney an der NASDAQ um den 15. Juli 2025 anzeigt. Die Aktien wurden am selben Tag durch die Bar-Ausübung von Aktienoptionen erworben. Basierend auf der angegebenen ausstehenden Aktienanzahl von 966,9 Millionen entspricht der geplante Verkauf etwa 0,0025 % der Gesamtaktien mit einem Gesamtmarktwert von 1,14 Millionen US-Dollar. In den letzten drei Monaten wurden keine weiteren Verkäufe desselben Insiders gemeldet, und es wurden keine zusätzlichen wesentlichen Informationen – wie die Identität des Verkäufers oder seine Beziehung zum Emittenten – offengelegt.

Die Mitteilung ist routinemäßig und deutet für sich genommen nicht auf eine Veränderung der Fundamentaldaten von Copart hin; vielmehr stellt sie die vorgeschriebene vorläufige Offenlegung dar, wenn ein Insider beabsichtigt, eingeschränkte oder kontrollierte Wertpapiere gemäß Regel 144 zu verkaufen.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Small Rule 144 filing; 24k-share insider sale (<0.003 % o/s) worth $1.1 m—unlikely to move CPRT.

The filing signals a modest liquidity move by an insider, with no evidence of broader divestment trends (no prior 3-month sales). Importantly, the sale size is immaterial relative to Copart’s ~967 million shares outstanding and should not affect float or price dynamics. Because the options were exercised concurrently, the transaction appears to be a routine monetisation event rather than a strategic exit. Unless accompanied by additional insider selling or adverse disclosures, the market impact is expected to be negligible.

Copart Inc. (CPRT) ha presentato un Modulo 144 che indica la proposta vendita di 24.088 azioni ordinarie tramite Morgan Stanley Smith Barney sul NASDAQ intorno al 15 luglio 2025. Le azioni sono state recentemente acquisite nella stessa data tramite il esercizio in contanti di opzioni su azioni. Considerando il numero di azioni in circolazione dichiarato nella comunicazione, pari a 966,9 milioni, la vendita pianificata rappresenta circa lo 0,0025% del totale delle azioni, con un valore di mercato complessivo di 1,14 milioni di dollari. Negli ultimi tre mesi non sono state segnalate altre vendite da parte dello stesso insider, né sono state fornite ulteriori informazioni rilevanti, come l’identità del venditore o il suo rapporto con l’emittente.

La comunicazione è di natura ordinaria e non suggerisce, di per sé, alcuna modifica ai fondamentali di Copart; si tratta piuttosto di una divulgazione preventiva richiesta quando un insider intende vendere titoli soggetti a restrizioni o di controllo secondo la Regola 144.

Copart Inc. (CPRT) ha presentado un Formulario 144 indicando la venta propuesta de 24,088 acciones comunes a través de Morgan Stanley Smith Barney en NASDAQ alrededor del 15 de julio de 2025. Las acciones fueron adquiridas recientemente en la misma fecha mediante el ejercicio en efectivo de opciones sobre acciones. Según el conteo de acciones en circulación declarado en la presentación, que es de 966.9 millones, la venta planeada representa aproximadamente el 0.0025% del total de acciones, con un valor de mercado agregado de 1.14 millones de dólares. No se reportaron otras ventas por parte del mismo insider en los últimos tres meses, ni se divulgó información adicional relevante, como la identidad del vendedor o su relación con el emisor.

El aviso es rutinario y no sugiere, por sí solo, ningún cambio en los fundamentos de Copart; más bien, proporciona una divulgación anticipada requerida cuando un insider planea vender valores restringidos o de control bajo la Regla 144.

Copart Inc. (CPRT)는 Form 144를 제출하여 2025년 7월 15일경 Morgan Stanley Smith Barney를 통해 24,088 보통주 매각을 제안했습니다. 해당 주식은 같은 날 주식매수선택권 현금 행사를 통해 최근에 취득되었습니다. 제출된 발행 주식 수는 9억 6,690만 주로, 계획된 매각은 전체 주식의 약 0.0025%에 해당하며, 총 시장 가치는 114만 달러입니다. 지난 3개월 동안 같은 내부자의 다른 매각 보고는 없었으며, 판매자의 신원이나 발행사와의 관계와 같은 추가 중요한 정보도 공개되지 않았습니다.

이 통지는 일상적인 절차이며, 단독으로 Copart의 기본적 상황 변화를 시사하지 않습니다. 이는 내부자가 Rule 144에 따라 제한 또는 통제 주식을 매각하려 할 때 요구되는 사전 공시 절차입니다.

Copart Inc. (CPRT) a déposé un Formulaire 144 indiquant la vente proposée de 24 088 actions ordinaires via Morgan Stanley Smith Barney sur le NASDAQ aux alentours du 15 juillet 2025. Ces actions ont été récemment acquises à la même date par le biais de l’exercice au comptant d’options d’achat d’actions. Sur la base du nombre d’actions en circulation déclaré dans le dépôt, soit 966,9 millions, la vente prévue représente environ 0,0025 % du total des actions, pour une valeur marchande globale de 1,14 million de dollars. Aucune autre vente par le même initié n’a été signalée au cours des trois derniers mois, et aucune information supplémentaire importante – telle que l’identité du vendeur ou sa relation avec l’émetteur – n’a été divulguée.

Cette notification est de nature routinière et ne suggère pas, en elle-même, de changement dans les fondamentaux de Copart ; elle constitue plutôt une divulgation préalable requise lorsqu’un initié prévoit de vendre des titres restreints ou sous contrôle en vertu de la Règle 144.

Copart Inc. (CPRT) hat ein Formular 144 eingereicht, das den geplanten Verkauf von 24.088 Stammaktien über Morgan Stanley Smith Barney an der NASDAQ um den 15. Juli 2025 anzeigt. Die Aktien wurden am selben Tag durch die Bar-Ausübung von Aktienoptionen erworben. Basierend auf der angegebenen ausstehenden Aktienanzahl von 966,9 Millionen entspricht der geplante Verkauf etwa 0,0025 % der Gesamtaktien mit einem Gesamtmarktwert von 1,14 Millionen US-Dollar. In den letzten drei Monaten wurden keine weiteren Verkäufe desselben Insiders gemeldet, und es wurden keine zusätzlichen wesentlichen Informationen – wie die Identität des Verkäufers oder seine Beziehung zum Emittenten – offengelegt.

Die Mitteilung ist routinemäßig und deutet für sich genommen nicht auf eine Veränderung der Fundamentaldaten von Copart hin; vielmehr stellt sie die vorgeschriebene vorläufige Offenlegung dar, wenn ein Insider beabsichtigt, eingeschränkte oder kontrollierte Wertpapiere gemäß Regel 144 zu verkaufen.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
  ___________________________
  FORM 8-K
  ___________________________
  
CURRENT REPORT
 Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): July 15, 2025
  ___________________________
PRUDENTIAL FINANCIAL, INC.
(Exact name of registrant as specified in its charter)
  ___________________________
New Jersey001-1670722-3703799
(State or other jurisdiction(Commission(I.R.S. Employer
of incorporation)File Number)Identification Number)
 
751 Broad Street
Newark, NJ 07102
(Address of principal executive offices and zip code)
 
(973) 802-6000
(Registrant’s telephone number, including area code)
___________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered
Common Stock, Par Value $.01PRUNew York Stock Exchange
5.950% Junior Subordinated NotesPRHNew York Stock Exchange
5.625% Junior Subordinated NotesPRSNew York Stock Exchange
4.125% Junior Subordinated NotesPFHNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 



Item 2.02    Results of Operations and Financial Condition.

The information contained in Item 7.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.02.

Item 7.01    Regulation FD Disclosure.

Prudential Financial, Inc. (the “Company”) is furnishing this Current Report to disclose (1) certain preliminary financial information regarding the quarter ended June 30, 2025, prior to the availability of the Company’s quarterly earnings release and quarterly financial supplement for the period, scheduled for release on July 30, 2025, and (2) the expected quarterly impacts to adjusted operating income(1) of the update of actuarial assumptions and other refinements.

Assets Under Management of the PGIM Segment
As of June 30, 2025, assets under management of the PGIM segment were $1.44 trillion.

Other Related Revenues, Net of Related Expenses, of the PGIM Segment
For the quarter ended June 30, 2025, PGIM’s other related revenues, net of related expenses, were approximately $50 million on an adjusted operating income basis(1). “Other related revenues” include incentive fees, transaction fees, and revenues from seed and co-investments and mortgage originations.

Alternative Investment Income of the General Account
For the quarter ended June 30, 2025, the alternative investment income of the Company’s General Account, excluding the Closed Block Division and Funds Withheld portfolios, (the “GA Portfolio”) is estimated to be approximately $55 - $75 million below the Company’s near-term expectations. “Alternative investment income” includes the adjusted operating income of the GA Portfolio’s interests in private equity, hedge fund and real estate-related investments, as well as real estate investments held through direct ownership, and excludes the results from those interests held by Divested Businesses and unaffiliated investors that have been consolidated on the Company’s balance sheet.

Annual Review and Update of Actuarial Assumptions and Other Refinements
During the second quarter of each year, the Company performs an annual comprehensive review of assumptions. Following the conclusion of this process for 2025, the Company expects to update its actuarial assumptions and make other refinements. Below is a summary of the estimated material impacts to adjusted operating income(1) by business segment.

Segment
Expected One-Time
AOI(1) Impact
(in millions)
Expected Ongoing
Quarterly AOI(1) Impact
(in millions)
Individual Retirement Strategies(2)
$ (80)$ (20)
Institutional Retirement Strategies$ (30)$ —
Individual Life$ 60$ —

(1) The Company analyzes the operating performance of each segment using pre-tax “adjusted operating income.” Adjusted operating income does not equate to “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” or “Net income (loss)” as determined in accordance with U.S. GAAP but is the measure of segment profit or loss used by the Company’s chief operating decision maker to evaluate segment performance and allocate resources. Adjusted operating income is calculated by adjusting each segment’s “Income (loss) before income taxes and equity in earnings of joint ventures and other operating entities” for the following items: realized investment gains (losses), net, and related charges and adjustments; change in value of market risk benefits, net of related hedging gains (losses); market experience updates; divested and run-off businesses; equity in earnings of joint ventures and other operating entities and earnings attributable to noncontrolling interests; and other adjustments. For more information about adjusted operating income, see the “Segment Information” Note to the Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2024.
(2) The impact to the Individual Retirement Strategies segment for the second quarter of 2025 is expected to be $(100) million in aggregate, which reflects both the $(80) million of one-time charges as well as the expected $(20) million of ongoing quarterly impacts.

The preliminary financial information presented above for the quarter ended June 30, 2025, is estimated and unaudited and has been prepared in good faith on a basis consistent with prior periods based on information available to management as of the date hereof; however, we have not completed our financial closing procedures for the quarter ended June 30, 2025, and our actual results could be materially different from these preliminary financial results.





Certain of the statements included in this report, including those regarding our estimated financial results for the second quarter of 2025 discussed herein and the expected ongoing quarterly adjusted operating income impact of the update of actuarial assumptions and other refinements, constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “expects”, “believes”, “anticipates”, “includes”, “plans”, “assumes”, “estimates”, “projects”, “intends”, “should”, “will”, “shall”, or variations of such words are generally part of forward-looking statements. Forward-looking statements are made based on management’s current expectations and beliefs concerning future developments and their potential effects upon Prudential Financial, Inc. and its subsidiaries. Prudential Financial, Inc.’s actual results may differ, possibly materially, from expectations or estimates reflected in such forward-looking statements. Certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements can be found in the “Risk Factors” and “Forward-Looking Statements” sections included in Prudential Financial, Inc.’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. The estimated financial results for the second quarter of 2025 presented herein could differ from our actual results because we have not completed our financial closing procedures for the period. Prudential Financial, Inc. does not undertake to update any particular forward-looking statement included in this presentation.



SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date: July 15, 2025
PRUDENTIAL FINANCIAL, INC.
By:/s/ Robert E. Boyle
 Name: Robert E. Boyle
Title:   Senior Vice President and Principal Accounting Officer
 


FAQ

How many Copart (CPRT) shares are being sold under this Form 144?

The notice covers 24,088 common shares.

What is the aggregate market value of the planned Copart share sale?

The filing lists an aggregate market value of $1,135,267.44.

When is the approximate sale date for the Copart shares?

The shares may be sold on or about July 15, 2025.

What percentage of Copart’s outstanding shares does the sale represent?

Approximately 0.0025 % of the 966.9 million shares outstanding.

How were the shares acquired before the planned sale?

They were obtained through the exercise of stock options on July 15, 2025, paid in cash.

Which broker is handling the transaction?

Morgan Stanley Smith Barney LLC Executive Financial Services.
Prudential Finl

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