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SYY files Form 144 for 37,606-share disposition worth $3M

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Sysco Corporation (SYY) – Form 144 filing discloses an insider’s intent to sell common stock under Rule 144.

  • Proposed sale: 37,606 shares with an aggregate market value of about $3.05 million.
  • Size: Represents roughly 0.008 % of the company’s 484.8 million shares outstanding, a de-minimis portion of the float.
  • Source of shares: Shares stem from employee stock-option grants dated 19 Aug 2021, 10 Aug 2023 and 11 Sep 2023; options were exercised for cash on 23 Jul 2025 just prior to the planned sale.
  • Execution details: Broker—Fidelity Brokerage Services; intended sale date—23 Jul 2025; exchange—NYSE.
  • Recent activity: The filer reports no other sales in the past three months.

The notice does not execute a trade but allows the insider to sell within 90 days. Given the modest dollar value and tiny fraction of total shares, the transaction is unlikely to have a material impact on SYY’s share price; nevertheless, it provides transparency into forthcoming insider dispositions.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Minor insider sale—$3 M, 0.008 % of float—unlikely to move SYY shares.

The Form 144 indicates an insider plans to sell 37,606 shares, worth roughly $3.05 million. Relative to Sysco’s nearly 485 million shares outstanding, the sale is negligible and should not exert meaningful supply pressure. Shares originate from option exercises, suggesting routine liquidity rather than a bearish signal. Absence of recent insider selling and use of a reputable broker further point to an orderly, low-impact transaction. I classify the filing as informational and not materially price-sensitive.

TL;DR: Routine Rule 144 filing, no red flags for governance or disclosure.

Rule 144 requires insiders to pre-notify the market when disposing of restricted or controlled stock. The filer affirms lack of undisclosed adverse information, aligning with governance best practices. Exercised option shares are being sold through normal channels, and there is no aggregation of other sales in the past quarter. The share count and value are small, so I deem this a standard compliance action with neutral governance impact.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

How many Sysco (SYY) shares are being sold under the Form 144?

The notice covers 37,606 common shares of Sysco Corporation.

What is the dollar value of the proposed insider sale for SYY?

The aggregate market value listed is approximately $3.05 million.

What percentage of Sysco’s shares outstanding does 37,606 shares represent?

It equals about 0.008 % of the 484.8 million shares outstanding.

When and where will the shares be sold?

The filing cites an approximate sale date of 23 Jul 2025 on the NYSE.

How were the shares being sold originally acquired?

They were obtained via employee stock-option grants dated Aug 2021, Aug 2023 and Sep 2023 and exercised for cash on 23 Jul 2025.

Were there any other insider sales of Sysco stock in the past three months?

No. The Form 144 states "Nothing to Report" for prior 3-month sales.

Does filing a Form 144 guarantee the shares will be sold?

No. Form 144 merely permits the sale within 90 days; the insider may decide not to execute.
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