Sun Country (SNCY) Rule 144 Notice: 704 Shares From Vesting to Be Sold
Rhea-AI Filing Summary
Form 144 notice for Sun Country Airlines Holdings, Inc. (SNCY) reports a proposed sale of 704 common shares through Fidelity Brokerage Services LLC with an aggregate market value of $9,384.32. The shares are scheduled for sale on 09/03/2025 on NASDAQ. The 704 shares were acquired by restricted stock vesting as 8 shares on 03/31/2025 and 696 shares on 06/30/2025, with the acquisition characterized as compensation. The filing also discloses prior sales by John M. Gyurci of 3,150 shares on 06/12/2025 (gross proceeds $36,193.50) and 309 shares on 07/01/2025 (gross proceeds $3,619.62). The filer certifies no undisclosed material adverse information and includes the required representations for Rule 144 compliance.
Positive
- Disclosure appears complete for the proposed sale: acquisition dates, nature (compensation), broker, and sale date are provided
- Securities originate from restricted stock vesting, which clarifies the basis for sale and is a routine compensation outcome
Negative
- Insider executed prior sales in the past three months (3,150 shares on 06/12/2025 and 309 shares on 07/01/2025), which increases recent insider selling activity disclosure requirements
Insights
TL;DR: Routine Rule 144 filing documenting sale of recently vested restricted stock; appears procedural and compliant.
The notice records a proposed sale of 704 shares derived entirely from restricted stock vesting, with clear acquisition dates and compensation as the payment nature. The use of a registered broker and the Rule 144 disclosure language indicate the filer is following standard insider-sale procedures. The filing includes recent prior sales by the same individual, which is relevant for aggregation under Rule 144 but does not itself indicate noncompliance. No material undisclosed information is asserted in the form.
TL;DR: Small insider sale relative to company size; informational for share-supply tracking but not material.
The 704-share proposed sale represents a very small volume versus the reported 53,316,378 shares outstanding. The shares originate from compensation-related vesting rather than open-market purchases, which clarifies the supply source. Prior sales of 3,150 and 309 shares are disclosed; while useful for monitoring insider activity, these transactions are minor in absolute terms and unlikely to affect company valuation materially.