[144] Similarweb Ltd. SEC Filing
Similarweb Ltd. filed a Form 144 reporting a proposed sale of 801,433 ordinary shares through Oppenheimer & Co. Inc. on the NYSE, with an aggregate market value of $6,756,080.19. The filing lists 82,618,511 shares outstanding, and the approximate date of sale is 08/14/2025.
The securities were reported as acquired under the issuer's employee stock options plan on four dates with the following quantities: 10/13/2015: 528,920, 04/19/2017: 67,278, 07/26/2017: 105,238, and 05/07/2019: 100,000. Payment is listed as cash upon exercise on 08/14/2025. The filer represents there is no material nonpublic information and reports nothing to report for securities sold during the past three months.
- Full disclosure of number of shares to be sold and the aggregate market value
- Acquisition details provided for each lot, showing securities originated from employee stock option plan
- Planned sale of 801,433 shares valued at $6,756,080.19 may increase available supply in the market
- No information in the filing to explain any intent or reason for the sale beyond exercise and sale mechanics
Insights
TL;DR: Routine Form 144 discloses a planned sale of 801,433 shares valued at $6.76M; size is notable but impact depends on market context.
The filing clearly states the number of shares to be sold, the aggregate market value, the broker (Oppenheimer & Co.), and the approximate sale date of 08/14/2025. All shares were acquired via the issuer's employee stock options plan and will be paid in cash upon exercise. The filing notes no securities sold in the past three months and includes the standard attestation regarding material nonpublic information. Based on the disclosed facts alone, this is a routine insider sale notice; its materiality for investors cannot be determined from the filing by itself.
TL;DR: Disclosure shows option-origin shares are being exercised and offered for sale, with the filer affirming no undisclosed material information.
The document identifies the acquisition source as the companys employee stock options plan across four acquisition dates and provides exact share counts for each grant. The inclusion of the attestation about material adverse information and the note on Rule 10b5-1 plans are standard governance controls for insider sales. From a governance perspective, the filing meets disclosure requirements and documents provenance of the shares, which aids transparency for stakeholders.