Qualys (QLYS) Rule 144 Notice: 5,295 Shares Proposed Sale
Rhea-AI Filing Summary
Qualys, Inc. (QLYS) Form 144 discloses a proposed Rule 144 sale of 5,295 common shares with an aggregate market value of $714,295, scheduled approximately for 08/27/2025 on Nasdaq. The shares were acquired as vested restricted stock grants on 06/12/2020 and were paid as equity compensation.
The filing identifies Charles Schwab as the broker and reports related recent sales by John A. Zangardi: 1,287 shares sold for $169,918 on 08/13/2025 and 3,860 shares sold for $520,403 on 08/22/2025. The total outstanding shares reported in the filing are 36,095,879, and the filer certifies no undisclosed material adverse information.
Positive
- Transparent disclosure of proposed sale under Rule 144, including acquisition and payment details
- Recent sales reported with dollar amounts and dates, supporting market transparency and compliance
Negative
- None.
Insights
TL;DR Insider disclosed a small, routine sale of vested equity under Rule 144; transparency reduces informational asymmetry.
The filing documents a proposed sale of 5,295 shares valued at $714,295 originating from vested restricted stock grants dated 06/12/2020. The disclosure follows required procedures and notes two recent sales by the same named individual totaling 5,147 shares and roughly $690,321 in proceeds in August 2025. Given the shares outstanding figure (36,095,879), the sale size is immaterial on an absolute percentage basis and appears procedural rather than a company-specific signal.
TL;DR Filing reflects compliance with Rule 144; no governance red flags evident from disclosed items alone.
The notice indicates the securities were granted as equity compensation and that the seller attests to lack of undisclosed material adverse information. The involvement of a major broker and timely reporting of recent sales are consistent with standard insider selling practices. There is no information in the filing to suggest breaches of trading policy or undisclosed related-party transactions.