[144] TFS Financial Corporation SEC Filing

Rhea-AI Filing Summary

Form 144 notice for TFS Financial Corporation (TFSL) reports a proposed sale of 12,000 shares of the companys common stock through Morgan Stanley Smith Barney LLC on the NASDAQ, with an aggregate market value of $156,590.40 and an approximate sale date of 08/15/2025. The filing lists three tranches of restricted stock acquired from the issuer on 12/10/2023 (200 shares), 12/10/2024 (10,000 shares) and 02/22/2025 (1,800 shares). The filer reports no securities sold in the past three months. The form contains standard signature and representation language but does not provide a named filer in the visible fields.

Positive

• Disclosure of planned sale amount and timing: 12,000 shares, approximate sale date 08/15/2025, broker identified as Morgan Stanley Smith Barney LLC
• Acquisition history provided: Three restricted stock grants totaling 12,000 shares with acquisition dates 12/10/2023, 12/10/2024, and 02/22/2025
• No recent sales reported: The filer reports nothing sold in the past three months

Negative

• Filer identity not visible: The provided content does not show a named filer or CIK, reducing transparency about whether the seller is an affiliate
• Relationship to issuer unspecified: Relationship field appears blank in the visible text, limiting assessment of governance or insider implications
• Limited context on purpose of sale: Filing includes standard representations but no information on whether a trading plan (e.g., Rule 10b5-1) was adopted

Insights

Securities Analyst

TL;DR: A small scheduled sale of 12,000 TFSL shares is disclosed; details on timing and acquisition dates are provided but the filing lacks an identified filer.

The notice documents a proposed sale of 12,000 common shares valued at $156,590.40 to be executed via Morgan Stanley Smith Barney LLC on NASDAQ on or about 08/15/2025. Acquisition history shows the shares originated as restricted stock granted by the issuer across three dates totaling 12,000 shares. The filing confirms no sales in the prior three months. The absence of an explicit filer name or CIK in the visible sections reduces transparency about the sellers relationship to the company and whether the sale is by an officer, director, or other affiliate.

Corporate Governance Expert

TL;DR: Filing meets Rule 144 disclosure of planned resale but omits identifiable filer details, limiting governance clarity.

This Form 144 provides required transaction specifics: class, broker, number of shares, market value, outstanding shares, and acquisition dates for restricted grants. Such disclosure supports compliance with resale rules and public transparency about timing and volume. However, key filer identification fields appear blank in the provided text, which constrains assessment of any insider trading implications or adherence to company trading policies. The standard representation about lack of undisclosed material information is present.

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	12000	156590.40	280688024	08/15/2025	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 *
Common	02/22/2025	Restricted Stock	Issuer			1800	02/22/2025	Not Applicable
Common	12/10/2023	Restricted Stock	Issuer			200	12/10/2023	Not Applicable
Common	12/10/2024	Restricted Stock	Issuer			10000	12/10/2024	Not Applicable

* 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

What does the TFSL Form 144 disclose about the planned sale?

The filing discloses a proposed sale of 12,000 common shares of TFS Financial Corporation with an aggregate market value of $156,590.40, to be executed via Morgan Stanley Smith Barney LLC on NASDAQ, approximately 08/15/2025.

When were the shares being sold originally acquired?

The shares were acquired as restricted stock from the issuer on 12/10/2023 (200 shares), 12/10/2024 (10,000 shares), and 02/22/2025 (1,800 shares).

Does the filing show any sales by the same person in the past three months?

No. The section for securities sold during the past three months states "Nothing to Report".

Which broker will handle the sale and on what exchange?

The broker listed is Morgan Stanley Smith Barney LLC and the securities are listed for sale on NASDAQ.

Does the filing identify the seller or their relationship to TFSL?

The provided content does not display a named filer, CIK, or a specified relationship to the issuer in the visible fields.