Sun Communities Form 144: Planned $2.3 M insider share sale

Rhea-AI Filing Summary

Sun Communities, Inc. (SUI) filed a Form 144 indicating a proposed sale of 18,100 common shares through broker Charles Schwab on or after 20 Jun 2025. The shares have an aggregate market value of approximately $2.28 million based on the filer’s stated market price and represent roughly 0.01 % of the 127.64 million shares outstanding. All shares were originally granted as restricted-stock awards between 2018 and 2025; no cash purchases were involved and there have been no sales by the filer in the past three months. Form 144 is a notice rather than a commitment, but it signals the insider’s intent to sell under Rule 144 safe-harbor provisions.

The filing does not disclose the seller’s name, relationship to the company, or any adverse information regarding Sun Communities’ operations. Given the modest size relative to the public float and absence of additional context, the transaction appears routine and is unlikely to have a material impact on the company’s share price or capital structure.

Insights

Securities Analyst

TL;DR: Insider intends to sell $2.3 M in SUI stock (0.01 %), a routine, low-impact Form 144 filing.

The notice reflects an affiliate’s plan to dispose of 18,100 Sun Communities shares under Rule 144. All shares stem from equity compensation grants, suggesting normal diversification rather than a reaction to undisclosed news. With the sale equating to roughly one-hundredth of one percent of outstanding stock, market impact should be negligible. Absence of prior three-month sales and the use of a single broker further support a low-risk, orderly disposition.

Corporate Governance Expert

TL;DR: Filing is procedurally routine; no governance red flags identified.

Form 144 compliance indicates the insider is following proper disclosure protocols. Lack of identifying details limits assessment of potential signaling, yet the small volume and typical vesting schedule of the awards point to personal liquidity management. Because the filer attests to possessing no undisclosed adverse information, the event ranks as administratively neutral from a governance standpoint.

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
Common	Charles Schwab Corporation 3000 Schwab Way Westlake TX 76262	18100	2279514.00	127641660	06/20/2025	NYSE

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 *
Common	04/05/2018	Restricted Stock Award	Issuer			2000	04/05/2018	Equity Compensation
Common	04/10/2018	Restricted Stock Award	Issuer			200	04/10/2018	Equity Compensation
Common	03/15/2019	Restricted Stock Award	Issuer			2400	03/15/2019	Equity Compensation
Common	02/12/2021	Restricted Stock Award	Issuer			2800	02/12/2021	Equity Compensation
Common	01/09/2023	Restricted Stock Award	Issuer			1700	01/09/2023	Equity Compensation
Common	02/01/2024	Restricted Stock Award	Issuer			1700	02/01/2024	Equity Compensation
Common	01/13/2025	Restricted Stock Award	Issuer			1700	01/13/2025	Equity Compensation
Common	05/13/2025	Restricted Stock Award	Issuer			5600	05/13/2025	Equity Compensation

* 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 Sun Communities (SUI) shares are proposed for sale in this Form 144?

18,100 common shares are listed for potential sale.

What is the estimated market value of the SUI shares to be sold?

The filing states an aggregate value of about $2.28 million.

What percentage of Sun Communities’ outstanding shares does the sale represent?

Approximately 0.01 % of the 127.64 million shares outstanding.

When may the insider begin selling the shares under Rule 144?

The approximate sale date is 20 June 2025, subject to market conditions.

Were there any insider sales of SUI stock in the prior three months?

No. The filing reports "Nothing to Report" for sales in the past three months.