Power Solutions (PSIX) Form 144: 6,000-Share Sale Planned; Prior 7,000-Share Sale Reported
Rhea-AI Filing Summary
Form 144 notice for Power Solutions International, Inc. (PSIX) shows a proposed sale of 6,000 common shares through Raymond James & Associates with an aggregate market value of $600,000, slated for 09/18/2025 on NASDAQ. The filer acquired the shares on 05/23/2011 by conversion of preferred stock, representing 19,000 shares originally acquired. The issuer has 23,029,846 shares outstanding according to the form. The filing also discloses a sale two weeks earlier: Kenneth Landini sold 7,000 common shares on 09/08/2025 for gross proceeds of $595,000. The notice includes the standard representation that the seller does not possess undisclosed material adverse information about the issuer.
Positive
- None.
Negative
- Insider selling disclosed: Proposed sale of 6,000 shares for $600,000 on 09/18/2025
- Recent prior sale: 7,000 shares sold on 09/08/2025 for $595,000, showing recent insider liquidity
Insights
TL;DR: Insider-form sale of 6,000 PSIX shares valued at $600,000; prior sale of 7,000 shares occurred on 09/08/2025.
This Form 144 documents a proposed Rule 144 sale rather than an operational event for Power Solutions International. The position originated from a preferred-stock conversion in 2011 (19,000 shares acquired). The scheduled sale size (6,000 shares) is small relative to the issuer's reported 23,029,846 outstanding shares, suggesting limited direct market impact solely from this filing. The disclosure of a recent 7,000-share sale on 09/08/2025 provides additional context on recent insider liquidity activity but does not, by itself, indicate change in company fundamentals.
TL;DR: Rule 144 notice records routine insider liquidity; no claims of undisclosed adverse information are made.
The filer affirms no material nonpublic information is known, consistent with Rule 144 attestations. The record shows the securities were acquired through a preferred-stock conversion in 2011, which is relevant to holding-period compliance for Rule 144. The filing is procedural and should be viewed as disclosure of selling intent and prior sales rather than an operational disclosure by the company.