TILE Form 144 Filed for 5,000-Share Insider Sale via Goldman Sachs
Rhea-AI Filing Summary
Form 144 filed for Interface, Inc. (TILE) by a person proposing to sell 5,000 common shares through Goldman Sachs & Co. LLC on 08/21/2025 on NASD with an aggregate market value of $130,800. The company reports 58,361,516 shares outstanding. The shares offered were acquired as restricted stock awards: 3,848 shares on 03/16/2024 and 1,152 shares on 02/26/2020, both recorded as compensation. No securities were sold by the filer in the past three months. The filer certifies they are not aware of undisclosed material adverse information.
Positive
- Filing complies with Rule 144 disclosure by reporting the proposed sale and acquisition details
- Use of a well-known broker (Goldman Sachs & Co. LLC) for execution of the sale
- Acquisition type disclosed as restricted stock awards, clarifying the securities' origin and nature
Negative
- None.
Insights
TL;DR: Small insider sale, immaterial versus public float; procedural compliance observed.
The notice reports an intended sale of 5,000 common shares valued at $130,800, representing approximately 0.0086% of the reported 58.36 million shares outstanding. The shares were issued as restricted stock awards in 2020 and 2024 and the trade is to be executed via Goldman Sachs. From a financial-materiality perspective, the size of the filing is negligible relative to the outstanding share count and therefore unlikely to meaningfully affect valuation or liquidity. The filing follows Rule 144 disclosure procedures and discloses no recent sales in the prior three months.
TL;DR: Governance processes followed; disclosure aligns with Rule 144 requirements.
The document shows the insider is using a broker and has provided the required representation about absence of undisclosed material adverse information. Acquisition details identify the securities as compensation-based restricted stock awards, which is relevant for determining transferability under Rule 144. No unusual items or governance red flags are disclosed in the form itself.