Form 144: 26,000 SkyWest shares from performance lapse valued at $3.02M
Rhea-AI Filing Summary
SkyWest Inc. submitted a Form 144 disclosing a proposed sale of 26,000 shares of common stock through Charles Schwab & Co., Inc. The filing lists an aggregate market value of $3,017,651.00 and shows 40,378,254 shares outstanding, meaning the proposed sale represents roughly 0.064% of outstanding common stock. The shares were acquired on 02/10/2025 by Performance Stock Lapse from SkyWest, Inc. and the nature of payment is recorded as Equity Compensation.
The Form 144 also reports a prior sale during the past three months: 17,000 shares sold on 05/27/2025 (gross proceeds $1,715,435.00) by Russell A Childs. The notice includes the Rule 144 certification that the seller does not possess undisclosed material adverse information.
Positive
- Sale arises from equity compensation, indicating these shares were granted and vested rather than purchased on the open market.
- Proposed sale represents only ~0.064% of outstanding common shares, a relatively small amount versus total outstanding shares.
Negative
- Filer contact and CIK fields are not populated in the provided extract, which limits immediate verification from this content alone.
Insights
Insider plans to sell 26,000 SkyWest shares (~$3.02M); prior 17,000-share sale was disclosed in May.
The transaction arises from a recent performance stock lapse, indicating these shares were granted as compensation and became available to the holder on 02/10/2025. The proposed sale of 26,000 shares equals about 0.064% of the company's outstanding common stock, a small fraction that is unlikely, by itself, to be market moving. The filing follows Rule 144 disclosure norms, lists Charles Schwab as the broker, and documents a prior 17,000-share sale with reported proceeds, which shows ongoing vesting/liquidity activity.
Disclosure is consistent with routine insider liquidity from equity compensation, not an extraordinary governance event.
The Form 144 identifies the nature of acquisition as a performance stock lapse and records equity compensation as the payment type, which supports a compensation-related sale rather than an operational or governance concern. The notice includes the seller's representation about absence of undisclosed material information and specifies the broker. One administrative observation: several filer contact fields shown in the content are not populated, which may complicate verification of the filer from this extract.