STOCK TITAN

Affiliate files Form 144 to sell 29,400 shares (PSX) on 05/08/2026

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

Rhea-AI Filing Summary

Affiliate proposed sale of Common Stock reported on Form 144. The notice lists proposed cash sales tied to stock options dated 02/06/2018 for 5,400 shares and 02/05/2019 for 24,000 shares, with a sale date of 05/08/2026. The filing also discloses prior sales in the last three months: 16,856, 4,944, and 15,629 shares, with associated proceeds shown in dollars.

Positive

  • None.

Negative

  • None.

Insights

Form 144 reports proposed cash sales by an affiliate tied to option-originated shares.

The filing lists proposed sales of 5,400 and 24,000 Common Stock shares attributable to stock options dated 02/06/2018 and 02/05/2019, respectively, with a planned sale date of 05/08/2026. The transactions are presented as cash sales.

The filing shows prior dispositions during March 2026 (three separate entries with share counts and dollar proceeds). These historical sales provide context on recent selling activity; cash‑flow treatment for the proposed sales is stated as Cash.

Proposed shares from 02/06/2018 option 5,400 shares Stock Option dated 02/06/2018; sale date 05/08/2026
Proposed shares from 02/05/2019 option 24,000 shares Stock Option dated 02/05/2019; sale date 05/08/2026
Total proposed shares listed 29,400 shares Aggregate of the two option-originated lots shown in the filing
March 5, 2026 sale (entry 1) proceeds $2,833,273.26 Proceeds for 16,856 shares sold 03/05/2026
March 5, 2026 sale (entry 2) proceeds $815,672.66 Proceeds for 4,944 shares sold 03/05/2026
March 31, 2026 sale proceeds $2,970,077.63 Proceeds for 15,629 shares sold 03/31/2026
Form 144 regulatory
"144: Securities To Be Sold | Common Stock | 02/06/2018"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Stock Option financial
"Stock Option | Phillips 66 | | | 5,400 | 05/08/2026"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
Cash financial
"02/05/2019 | Stock Option | Phillips 66 | | | 24,000 | 05/08/2026 | Cash"

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 PSX's Form 144 disclose about proposed sales?

The Form 144 discloses proposed cash sales of Common Stock tied to stock options dated 02/06/2018 (5,400 shares) and 02/05/2019 (24,000 shares), with a sale date of 05/08/2026.

How many shares were sold in the past three months according to the filing?

The filing lists three prior sales: 16,856 shares, 4,944 shares, and 15,629 shares, each with dollar proceeds reported alongside the share counts.

What proceeds are shown for the March 2026 sales in the Form 144?

The March 5, 2026 entries show proceeds of $2,833,273.26 and $815,672.66; the March 31, 2026 entry shows proceeds of $2,970,077.63 as reported in the filing.

Are the proposed sales linked to option exercises in the filing?

Yes. The proposed cash sales are listed with 'Stock Option' as the origin for the 02/06/2018 (5,400 shares) and 02/05/2019 (24,000 shares) entries in the filing.

What is the stated sale method for the proposed transactions?

The Form 144 lists the method as Cash for the proposed Common Stock sales dated 05/08/2026, indicating cash dispositions of shares originating from options.