SU Group (SUGP) plans $54k share sale under Rule 144 filing

Rhea-AI Filing Summary

SU Group Holdings Limited (SUGP) – Form 144 filing: The submitting shareholder intends to sell 120,000 ordinary shares through Tiger Brokers (HK) Global Limited on or about 07/09/2025. At an aggregate market value of $53,940, the indicated price is roughly $0.45 per share. With 13,847,500 shares outstanding, the planned sale represents ≈0.9 % of total shares. The shares were originally acquired via one private placement (117,738 shares on 06/20/2023) and several small open-market purchases in March 2025 (2,262 shares in total). No other sales by this holder have occurred in the past three months, and the filer attests to having no undisclosed material adverse information. The notice fulfills SEC Rule 144 requirements, signalling the holder’s intent and providing transaction transparency to the market.

Positive

• Full Rule 144 compliance enhances transparency and reduces regulatory risk.
• Sale size is only ≈0.9 % of shares outstanding, implying negligible dilution or control shift.

Negative

• Planned insider/affiliate sale may create modest negative sentiment despite small size.

Insights

Securities Analyst

TL;DR – Small Rule 144 sale; negligible dilution, modest negative sentiment.

This Form 144 covers 120,000 ordinary shares worth roughly $54k, just 0.9 % of SUGP’s outstanding stock. While insider or affiliate selling can be read as a bearish signal, the dollar amount is immaterial and the sale size is far below daily trading volume typical for micro-caps. The transaction appears orderly, routed through a well-known broker, and the filer confirms no material non-public information. Overall impact on valuation or liquidity is minimal; however, it may contribute to short-term supply and modest negative sentiment.

Corporate Governance Expert

TL;DR – Proper disclosure; governance-compliant, low impact.

The filer adhered to Rule 144’s disclosure framework, detailing acquisition sources, sale timing, and affirming no undisclosed adverse facts. This transparency supports good governance. The absence of prior 3-month sales and the minor proportion of shares limit market impact. The filing signals normal liquidity-seeking behaviour rather than strategic divestiture. Investors should monitor future Form 4 or 13D/G updates for pattern confirmation, but this single notice is routine.

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
Ordinary shares	Tiger Brokers (HK) Global Limited 1/F, 308 Des Voeux Road Central Hong Kong Hong Kong F4 000000	120000	53940.00	13847500	07/09/2025	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 *
Ordinary shares	06/20/2023	Through a private placement from a shareholder	SU Group Holdings Limited			117738	06/20/2023	Cash
Ordinary shares	03/06/2025	Through a public offering or in the public market	SU Group Holdings Limited			224	03/06/2025	Cash
Ordinary shares	03/07/2025	Through a public offering or in the public market	SU Group Holdings Limited			1638	03/07/2025	Cash
Ordinary shares	03/10/2025	Through a public offering or in the public market	SU Group Holdings Limited			400	03/31/2025	Cash

* 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

How many SU Group Holdings (SUGP) shares are being sold under this Form 144?

The filer intends to sell 120,000 ordinary shares.

What is the aggregate market value of the proposed SUGP sale?

The total value is $53,940, implying an average price of about $0.45 per share.

What percentage of SU Group’s outstanding shares does the sale represent?

Approximately 0.9 % of the 13,847,500 shares outstanding.

When is the anticipated sale date for these SUGP shares?

The approximate sale date disclosed is 07/09/2025.

Where will the shares be sold and through which broker?

The shares are slated for sale on NASDAQ via Tiger Brokers (HK) Global Limited.