Sohu.com (SOHU) Files Form 144 for 28,940 ADS Sale on 08/19/2025
Rhea-AI Filing Summary
Sohu.com Limited (SOHU) filed a Form 144 reporting a proposed sale of American Depositary Shares (ADS). The filing shows 28,940 ADS intended for sale with an aggregate market value of $450,595.80 based on 30,065,400 shares outstanding. The planned approximate date of sale is 08/19/2025 on Nasdaq. The ADS were acquired on 05/31/2018 pursuant to a liquidating distribution by Sohu.com Inc., exchanged for previously issued common shares that resulted from vested RSUs, and the payment type is listed as Stock-for-Stock. The filer reports no securities sold in the past three months and includes the standard representation that no undisclosed material adverse information is known.
Positive
- None.
Negative
- Proposed sale of 28,940 ADS with an aggregate market value of $450,595.80 scheduled for 08/19/2025
- No securities sold in the past three months is reported, so this filing reflects a future intended disposition rather than recent trading activity
Insights
TL;DR: Routine Rule 144 notice of proposed sale of 28,940 ADS totaling $450,595.80; appears procedural rather than urgent.
The filing documents a scheduled sale under Rule 144 rather than an open-market disclosure of executed trades. Key facts: 28,940 ADS to be sold on Nasdaq on 08/19/2025, acquired 05/31/2018 via a liquidating distribution tied to prior RSUs, consideration noted as stock-for-stock. No sales in past three months are reported. For investors, this is a disclosure of an intended transfer of beneficial ownership that should be tracked for actual trading activity but does not by itself change company fundamentals.
TL;DR: Form 144 is a compliance filing indicating a proposed disposition of shares by an insider or covered person.
The notice meets Rule 144 disclosure requirements by identifying the class (ADS), acquisition date (05/31/2018), nature of acquisition (liquidating distribution from Sohu.com Inc.), and planned sale date (08/19/2025). The filer attests no undisclosed material adverse information. This filing documents transfer intent and preserves safe-harbor conditions for resale; it does not certify execution or market impact. Governance teams should log the filing and monitor for the reported sale execution or subsequent amendments.