SYY Form 144: Planned $3.2 M Insider Sale Represents 0.008% Float

Rhea-AI Filing Summary

Sysco Corp. (SYY) filed a Form 144 indicating an affiliate’s intent to sell 40,000 common shares through Fidelity Brokerage on the NYSE beginning 07/22/2025. The shares were acquired via employee stock options granted 08/25/2017 and exercised for cash on the planned sale date. At an aggregate market value of $3.2 million, the proposed sale equates to roughly 0.008% of the company’s 484.75 million shares outstanding. No other sales by the filer were reported within the past three months, and the signer affirms awareness of no undisclosed material adverse information. The notice is procedural, does not alter Sysco’s capital structure, and its scale suggests limited market impact.

Positive

• None.

Negative

• Insider intends to sell 40,000 shares ($3.2 m), which can be perceived negatively, although scale is immaterial.

Insights

Corporate Governance Expert

TL;DR: Routine Form 144; small insider sale, immaterial to control or governance.

The filing simply notifies regulators of a forthcoming insider transaction. At 0.008% of shares outstanding, the sale will not affect voting control or governance dynamics. The options-to-cash conversion indicates ordinary compensation monetisation rather than strategic divestiture. Absence of past-90-day sales or 10b5-1 plan disclosure suggests a one-off trade. Overall, this is standard compliance with Rule 144 and does not signal governance risk.

Portfolio Manager

TL;DR: Modest $3.2 m insider sale; negligible dilution, neutral for valuation.

The transaction’s size—40 k shares versus 485 m outstanding—will have minimal liquidity impact and should not meaningfully pressure Sysco’s share price. Insider selling can sometimes raise sentiment concerns, but the dollar amount is small relative to Sysco’s ~$40 bn market cap. No earnings or guidance data accompany the filing, so fundamental outlook remains unchanged. I view the disclosure as non-impactful to the investment case.

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	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	40000	3200000.00	484751681	07/22/2025	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	07/22/2025	Options Granted - 08/25/2017	Issuer			40000	07/22/2025	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

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 Sysco (SYY) shares are being sold under this Form 144?

The notice covers 40,000 common shares.

What is the estimated value of the proposed Sysco share sale?

The aggregate market value is approximately $3.2 million.

When is the earliest sale date for the shares?

The filer may begin selling on or after 07/22/2025.

What percentage of Sysco's shares outstanding does this sale represent?

Only about 0.008% of the 484.75 million shares outstanding.

Were any other shares sold by the filer in the past three months?

No. The filing states "Nothing to report" for prior 3-month sales.