Insider filing: REE plans sale of 3,474 shares from 2024 RSU grant
Rhea-AI Filing Summary
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.
Positive
- 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.
Negative
- 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