[144] Service Corporation International SEC Filing
Service Corporation International (SCI) Form 144 shows an insider sale of 14,550 common shares, with an aggregate market value of $1,186,779.48, to be executed on 08/20/2025 on the NYSE. The filing states the shares were acquired and paid for on 08/20/2025 through a stock option exercise and purchased with cash. The seller identified in related recent trades is John Faulk, who sold 14,550 shares on 08/08/2025 for gross proceeds of $1,168,925.18. The filing includes a standard attestation that the filer is not aware of undisclosed material adverse information about the issuer.
- Timely and complete disclosure of the proposed sale including acquisition method, payment, broker, and planned trade date
- Clear indication that shares were acquired via a stock option exercise and paid in cash, which supports routine insider liquidity
- None.
Insights
TL;DR: Insider exercised options and intends to sell 14,550 shares for about $1.19M; the size is immaterial versus outstanding shares.
The filing documents a same-day stock option exercise and proposed sale of 14,550 common shares, valued at roughly $1.19 million. Versus the reported 140,240,018 shares outstanding, this represents a de minimis percentage, suggesting limited market impact. The separate entry showing a 08/08/2025 sale by John Faulk of identical share count indicates related recent trading activity by the same individual. Disclosure complies with Rule 144 requirements and signals standard liquidity actions by an insider rather than a corporate event.
TL;DR: The filing is routine and compliant; the insider attestation and option-exercise details reduce governance concerns.
The document provides required transparency: date of acquisition, nature of acquisition as a stock option exercise, payment method (cash), and planned sale date with broker identification. The included representation that no undisclosed material adverse information exists is the standard attestation. Given the small relative size of the sale, there are no immediate governance red flags from the filing itself.