[144] Strattec Security Corp SEC Filing
Rhea-AI Filing Summary
Form 144 notice filed for Strattec Security Corp (STRT) reports a proposed sale of 22,890 common shares through J.P. Morgan Securities LLC with an aggregate market value of 1,513,945. The filing states there are 4,161,334 shares outstanding and lists an approximate sale date of 08/28/2025 on NASDAQ.
The securities to be sold were awarded to the filer in multiple stock awards between 11/15/2018 and 08/23/2023 totaling the shares reported, and no sales by the filer are reported in the past three months. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider sale notice for 22,890 shares, representing a small portion of outstanding stock; likely neutral for valuation.
The filing documents a proposed sale of 22,890 common shares with an aggregate market value of 1,513,945 scheduled for 08/28/2025 via J.P. Morgan Securities. Acquisition dates span 2018–2023 and were recorded as stock awards from the issuer. With total shares outstanding of 4,161,334, the transaction size appears modest relative to the float. No sales were reported by the filer in the prior three months, which reduces immediate signaling of ongoing insider disposition.
TL;DR: Filing follows Rule 144 disclosure conventions and includes required seller representation; no red flags in paperwork.
The form contains the broker name, share count, aggregate value, acquisition history, payment details, and the seller's declaration regarding undisclosed material information. Acquisition types are listed as "Stock Award" with cash payment dates matching award dates. The document notes no recent sales in the past three months. From a compliance perspective, the notice appears complete for a Rule 144 sale filing.