[144] Tecnoglass Inc. SEC Filing

Rhea-AI Filing Summary

Tecnoglass Inc. (TGLS) Form 144 shows a proposed sale of 1,495,898 ordinary shares through Citigroup Global Markets Inc., with an aggregate market value of $118,220,819. The filing states there are 46,987,148 shares outstanding, and the approximate sale date is 08/14/2025 on the NYSE. The shares were acquired on 12/20/2013 in a business combination with Andina Acquisition Corporation and were received in exchange of assets. The filer reports no securities sold in the past three months and includes the required representation that they know of no undisclosed material adverse information about the issuer.

Positive

• Securities were acquired in 2013 via a business combination, indicating long-term ownership prior to this proposed sale
• Filer reports no securities sold in the past three months, suggesting this notice is not part of a recent rapid divestiture

Negative

• Proposed sale of 1,495,898 shares with an aggregate market value of $118,220,819, which could add selling pressure when executed

Insights

Securities Analyst

TL;DR: A significant block of shares is proposed for sale, but the filing contains no disclosures of recent sales or undisclosed adverse information.

The filing identifies a proposed sale of 1,495,898 ordinary shares via Citigroup Global Markets Inc., valued at $118.2 million, to occur on 08/14/2025 on the NYSE. The shares were originally acquired in a business combination on 12/20/2013. There are 46,987,148 shares outstanding per the filing, which provides context for the size of the block relative to the company. The filer indicates no sales in the past three months and represents no known undisclosed material adverse information. From a market-impact standpoint, the filing is procedural disclosure required under Rule 144; it notifies the market of an intent to sell but does not itself confirm execution or motive.

Corporate Governance Expert

TL;DR: The notice documents a planned sale by a holder from a 2013 business combination, with standard attestations about material information.

The filing documents that the shares were obtained in a business combination with Andina Acquisition Corporation and were exchanged as assets on 12/20/2013. The filer signs the required attestation regarding knowledge of material adverse information. There are no disclosures of recent sales activity by the filer in the prior three months, and no additional remarks or trading-plan details are provided. This filing fulfills Rule 144 notification obligations but does not include governance events or disclosures that would independently alter the company’s governance profile.

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
ORDINARY SHARES	Citigroup Global Markets Inc 388 Greenwich St. New York, NY 10013	1495898	118220819.00	46987148	08/14/2025	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 *
ORDINARY SHARES	12/20/2013	BUSINESS COMBINATION	ANDINA ACQUISITION CORPORATION			20567141	12/20/2013	EXCHANGE OF ASSETS

* 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 Tecnoglass Inc.'s (TGLS) Form 144 disclose?

The filing discloses a proposed sale of 1,495,898 ordinary shares through Citigroup Global Markets Inc., valued at $118,220,819, with an approximate sale date of 08/14/2025 on the NYSE.

How many Tecnoglass shares are outstanding according to the filing?

The filing states there are 46,987,148 shares outstanding.

When and how were the shares being sold originally acquired?

The shares were acquired on 12/20/2013 in a business combination with Andina Acquisition Corporation and received in exchange of assets.

Does the filer report recent sales of Tecnoglass securities?

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

Who is the broker named in the Form 144?

Citigroup Global Markets Inc. is listed as the broker with address 388 Greenwich St. New York, NY 10013.