Hanover Insurance (THG) Form 144 reveals $0.95M insider share sale

Rhea-AI Filing Summary

The Hanover Insurance Group, Inc. (THG) filed a Form 144 indicating the intent of an insider to sell up to 5,626 common shares on or after 08/01/2025 through Fidelity Brokerage Services on the NYSE. The proposed sale represents roughly 0.016 % of THG’s 35.8 million shares outstanding and carries an aggregate market value of about $946,033.

The shares were acquired via the exercise of stock options granted on 02/28/2020, with cash used to cover the purchase price on the same date as the planned sale (08/01/2025). The filer reported no other THG share sales in the past three months. As required, the filer certifies not to possess undisclosed material adverse information about the company.

While the transaction is modest relative to THG’s float, Form 144 signals potential insider supply entering the market, which some investors may view as a short-term negative sentiment indicator.

Positive

• None.

Negative

• Insider intends to sell 5,626 shares valued at ~$946k, introducing a minor amount of additional supply and potentially signaling reduced insider conviction.

Insights

Financial Analyst

TL;DR: Small insider sale (0.016% float) worth $946k; neutral-to-slightly negative signal, limited quantitative impact.

The filing discloses a routine option-related sale of 5,626 shares. At less than one-fifth of one percent of shares outstanding, the dilution and liquidity impact are immaterial. However, insider disposition—especially timed immediately after option exercise—can be interpreted as modestly bearish sentiment from the filer. No clustering of recent insider sales is evident, reducing concern of a broader sell-off. Overall, I classify the event as low impact; portfolio managers tracking insider activity may note it but are unlikely to adjust positions solely on this notice.

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	5626	946032.72	35771407	08/01/2025	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	08/01/2025	Option Granted - 02/28/2020	Issuer			5626	08/01/2025	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

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 THG shares are being sold under this Form 144?

The notice covers up to 5,626 common shares.

What is the estimated market value of the proposed THG share sale?

The aggregate market value is approximately $946,033 based on the filing's data.

When can the THG shares be sold?

The filer lists an approximate sale date of 08/01/2025.

What percentage of THG's outstanding shares does the sale represent?

It equals about 0.016 % of the 35.8 million shares outstanding.

How were the shares acquired before the planned sale?

They were obtained through a stock-option exercise originally granted on 02/28/2020.