SKT Form 144: 17,500 Shares Proposed Sale on NYSE ($607,925.50)

Tanger Inc. (SKT) filing a Form 144 notifies a proposed public sale of 17,500 common shares through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $607,925.50 and total shares outstanding listed as 113,174,006.

Rhea-AI Filing Summary

Tanger Inc. (SKT) filing a Form 144 notifies a proposed public sale of 17,500 common shares through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $607,925.50 and total shares outstanding listed as 113,174,006. The shares were acquired on 02/15/2025 from the issuer as restricted stock that vested under a registered plan, in two allotments of 1,916 and 15,584 shares. The filer reports no securities sold in the past three months. The notice includes the standard representation that the seller is not aware of any undisclosed material information and references the possibility of a Rule 10b5-1 trading plan.

Positive

• Transaction details disclosed: Number of shares, broker, exchange, aggregate market value, and acquisition details are provided
• Acquisition source clarified: Shares arose from restricted stock vesting under a registered plan on 02/15/2025
• No recent sales: The filer reports Nothing to Report for sales in the past three months

Negative

• Key administrative fields missing in provided content: filer CIK and issuer name/address are not filled in the supplied document
• No seller identity disclosed: The person for whose account the securities will be sold is not named in the provided text
• No detail on trading plan: The form references a possible Rule 10b5-1 plan but does not state whether a plan exists or its adoption date

Insights

Financial Analyst

TL;DR: Routine insider sale notice: 17,500 SKT shares to be sold via Morgan Stanley, acquired as vested restricted stock on 02/15/2025.

The Form 144 is a standard regulatory notice identifying a proposed sale of 17,500 common shares with an aggregate market value of $607,925.50. The shares were delivered from restricted stock that vested under a registered plan on 02/15/2025, split into two grant amounts. No sales by the reporting person were reported in the prior three months. This filing does not include proceeds allocation, seller identity, or any additional contractual details, so market impact is likely minimal and informational.

Corporate Governance Expert

TL;DR: Compliance filing appears complete on sale details but lacks identifiable filer and issuer fields in the document provided.

From a governance and disclosure perspective, the form supplies the material mechanics of the proposed transaction: broker, number of shares, acquisition date and nature, and the customary attestation regarding material nonpublic information and potential 10b5-1 plans. However, key administrative fields such as filer CIK and issuer name/address are not present in the provided content, limiting traceability. The filing itself is a routine compliance step rather than a substantive corporate event.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does SKT's Form 144 announce?

The filing notifies a proposed sale of 17,500 common shares of SKT on the NYSE through Morgan Stanley Smith Barney LLC with an aggregate market value of $607,925.50.

When were the SKT shares acquired that are proposed for sale?

The shares were acquired on 02/15/2025 as restricted stock that vested under a registered plan, in two allotments of 1,916 and 15,584 shares.

Does the filing report any SKT sales in the past three months?

No. The Form 144 states "Nothing to Report" for securities sold during the past three months by the person for whose account the securities are to be sold.

Which broker and exchange will handle the proposed SKT sale?

The broker listed is Morgan Stanley Smith Barney LLC and the exchange is the NYSE with an approximate sale date of 09/05/2025.

Does the Form 144 indicate whether the seller has material nonpublic information?

By signing the notice the person represents they do not know any material adverse information that has not been publicly disclosed; the form references this attestation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/05/2025 - 04:27 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001826424
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	TANGER INC.
SEC File Number	001-11986
Address of Issuer	3200 Northline Avenue, Suite 360 Greensboro NORTH CAROLINA 27408
Phone	(336) 292-3010
Name of Person for Whose Account the Securities are To Be Sold	LESLIE A SWANSON GALLARDO
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	17500	607925.50	113174006	09/05/2025	NYSE

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/15/2025	Restricted stock vesting under a registered plan	Issuer			1916	02/15/2025	Not Applicable
Common	02/15/2025	Restricted stock vesting under a registered plan	Issuer			15584	02/15/2025	Not Applicable

* 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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/05/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Leslie Swanson Gallardo
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)