TFSL Form 144: Insider Notice to Sell 7,200 Shares ($102K)

TFS Financial Corporation (TFSL) filed a Form 144 reporting a proposed sale of 7,200 common shares through Fidelity Brokerage Services LLC on 08/29/2025.

Accepted by SEC EDGAR 08/29/2025 - 12:19 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

TFS Financial Corporation (TFSL) filed a Form 144 reporting a proposed sale of 7,200 common shares through Fidelity Brokerage Services LLC on 08/29/2025. The filing lists an aggregate market value of $102,276.00 and notes total shares outstanding of 280,688,024, indicating this sale is a very small fraction of the companys outstanding stock. The shares were originally acquired as a stock award on 06/16/2008.

The filer certifies they are not aware of any undisclosed material adverse information about the issuer. No other sales in the past three months were reported. This Form 144 is a routine notice required when an insider or affiliated person intends to sell restricted or control securities under Rule 144.

Positive

• Transaction is procedurally compliant: Form 144 filed with broker and sale date specified
• Immaterial size: 7,200 shares represent a very small fraction of 280,688,024 outstanding shares
• Long holding period: Shares were acquired in 2008 as a stock award, supporting Rule 144 eligibility

Negative

• No mention of a Rule 10b5-1 plan: The filing does not state whether the sale is pursuant to a pre-established trading plan
• Insider sale disclosed: While immaterial, insider intention to sell may prompt investor questions about timing

Insights

Securities Compliance Analyst

TL;DR: Routine Rule 144 notice for a small insider sale, with holdings acquired as a 2008 stock award; procedural disclosure only.

The filing documents a proposed sale of 7,200 common shares valued at $102,276, executed through a registered broker on a specified date. The shares were awarded in 2008, which supports their eligibility for resale under Rule 144 if holding-period and other conditions are met. The representation that no undisclosed material adverse information exists is standard. There are no reported sales in the prior three months, reducing concerns about a pattern of insider disposals. Impact to shareholders and market supply is immaterial given the large share count outstanding.

Equity Capital Markets Specialist

TL;DR: Transaction is immaterial to market dynamics; compliance and timing matter more than economics here.

The proposed sale equals roughly 0.0026% of outstanding shares, so market impact is negligible. Use of a major broker indicates standard execution practice. Since the acquisition was a stock award from 2008, standard resale conditions likely apply; however, the filing does not state whether a Rule 10b5-1 plan governs the timing. From a capital-markets perspective, this disclosure is procedural and unlikely to affect liquidity or valuation.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does TFS Financial Corporations Form 144 for TFSL disclose?

The filing reports a proposed sale of 7,200 common shares via Fidelity on 08/29/2025, with aggregate market value $102,276.00 and shares originally acquired as a stock award on 06/16/2008.

How large is the sale relative to TFSLs outstanding shares?

The sale of 7,200 shares is approximately 0.0026% of the reported 280,688,024 shares outstanding, an immaterial amount for market impact.

Does the Form 144 indicate any recent sales by the filer?

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

Were the shares eligible for resale under Rule 144?

The shares were acquired as a stock award on 06/16/2008, which suggests the statutory holding period has been met; the filing does not provide additional legal opinions.

Does the filing disclose any undisclosed material information about TFSL?

The signer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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	0001388161
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	TFS Financial CORP
SEC File Number	001-33390
Address of Issuer	7007 BROADWAY AVENUE CLEVELAND MASSACHUSETTS 44105
Phone	(216) 441-6000
Name of Person for Whose Account the Securities are To Be Sold	Stefanski Marc A
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	Director

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 245 Summer Street Boston MA 02110	7200	102276.00	280688024	08/29/2025	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	06/16/2008	Stock Award	Issuer			7200	06/16/2008	n/a

* 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	shares are being sold from FMT CO CUST IRA FBO ABIGAIL M STEFANSKI
Date of Notice	08/29/2025
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	/s/ Audrey Skillern as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Marc Stefanski
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)