[144] REE Automotive Ltd. SEC Filing
REE Automotive Ltd. Form 144 notice reports a proposed sale of 3,474 Ordinary shares by a reporting person through Oppenheimer & Co. at an aggregate market value of $2,522.12, with an approximate sale date of 09/15/2025 on Nasdaq. The securities were acquired on 09/15/2024 as a Restricted Share Unit award under REE Automotive Ltd.'s 2021 Share Incentive Plan totaling 56,211 shares granted. The filing also discloses three ordinary-share sales by the same person in the past three months: 3,481 shares on 06/16/2025 for $2,227.84, 74 shares on 08/18/2025 for $50.28, and 334 shares on 08/25/2025 for $233.80. The filer affirms no undisclosed material adverse information.
- Compliance disclosure: The filer submitted a Form 144 providing required details for the proposed sale, including broker, dates, and amounts.
- Clear acquisition source: Shares to be sold were acquired as a Restricted Share Unit award under the 2021 Share Incentive Plan, and the filing states the nature of payment as a grant award.
- Insider selling activity: The filing and recent transactions show cumulative sales of 3,889 shares in the past three months, which may be viewed negatively by some investors.
- Limited context: The form does not disclose the reporting person's remaining ownership stake or whether sales are part of a broader trading plan.
Insights
TL;DR: Insider plans modest sale of 3,474 ordinary shares from 2024 RSU grant; recent small sales also disclosed.
The Form 144 provides a compliance notice for a proposed sale under Rule 144 of 3,474 Ordinary shares with an aggregate market value of $2,522.12, indicating the shares derive from a 09/15/2024 Restricted Share Unit award. The filing documents recent disposals totaling 3,889 shares across three transactions in June and August 2025, with combined gross proceeds of $2,511.92. This filing is procedural and shows the reporting person is following Rule 144 reporting requirements for off‑market or brokered sales through Oppenheimer & Co.
TL;DR: Routine insider sale notice; disclosures meet Rule 144 reporting elements, including acquisition and payment details.
The form details the acquisition source (company RSU under the 2021 Share Incentive Plan) and payment notation (grant award), along with seller certifications regarding material nonpublic information. The document demonstrates adherence to disclosure and signature certification conventions required for Rule 144 transactions but does not provide context on overall insider ownership percentages or impact on control.