[144] SLM Corporation SEC Filing

Rhea-AI Filing Summary

Advance Auto Parts (AAP) has filed a Form 4 disclosing that SVP U.S. Stores Jason Hand acquired 3.722 common shares on 07/25/2025 via automatic dividend reinvestment at $63.646 per share. His direct stake rose to 9,879.965 shares. The transaction carries code “A,” confirming it was issuer-related rather than an open-market buy, and no derivative securities were involved. The addition represents less than 0.01 % of AAP’s shares outstanding and is considered routine, with negligible effect on the company’s valuation or insider-sentiment interpretation.

Insights

Financial Analyst

TL;DR: Tiny dividend-reinvestment buy; ownership now 9.9k shares; neutral for AAP investors.

This Form 4 records a mechanical dividend reinvestment, not a discretionary purchase. The 3.722-share increase is immaterial relative to both Jason Hand’s existing position and AAP’s 59 m share float. Such filings are routine for executives enrolled in dividend programs and typically provide no actionable signal on future performance or insider confidence. Accordingly, the market impact is expected to be neutral.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	Merrill Lynch 1800 K ST NW Suite 800 Washington DC 20006	55000	1769749.00	208481380	07/29/2025	NASDAQ

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	02/18/2025	Stock Plan Activity	Issuer			3448	02/18/2025	n/a
Common	02/17/2025	Stock Plan Activity	Issuer			2803	02/17/2025	n/a
Common	02/16/2025	Stock Plan Activity	Issuer			5763	02/16/2025	n/a
Common	02/18/2024	Stock Plan Activity	Issuer			3378	02/18/2024	n/a
Common	02/17/2024	Stock Plan Activity	Issuer			27355	02/17/2024	n/a
Common	02/13/2024	Stock Plan Activity	Issuer			12253	02/13/2024	n/a

* 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

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did AAP insider Jason Hand purchase?

3.722 shares of Advance Auto Parts common stock through dividend reinvestment.

How many AAP shares does Jason Hand now own?

After the transaction, his direct holdings total 9,879.965 shares.

Was the transaction open-market?

No. The filing uses code "A," indicating automatic dividend reinvestment, not an open-market buy.

What price was paid for the shares?

The reinvested shares were priced at $63.646 each.

Is this insider trade material to AAP stock?

The purchase is immaterial (<0.01 % of shares outstanding) and is viewed as having minimal market impact.

When did the transaction and filing occur?

Transaction date: 07/25/2025; Form 4 filed: 07/29/2025.