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TILE Form 144 Filed for 5,000-Share Insider Sale via Goldman Sachs

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

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.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What does the Form 144 for Interface, Inc. (TILE) disclose?

The form discloses a proposed sale of 5,000 common shares through Goldman Sachs on 08/21/2025 valued at $130,800.

How many outstanding shares does Interface report on the Form 144?

The filing lists 58,361,516 shares outstanding.

When and how were the shares being sold acquired?

They were acquired as restricted stock awards: 3,848 shares on 03/16/2024 and 1,152 shares on 02/26/2020, both noted as compensation.

Were any securities sold by this person in the past three months?

The form states Nothing to Report for securities sold during the past three months.

What representation does the filer make regarding material information?

The filer represents they do not know of any material adverse information about the issuer that has not been publicly disclosed.
Interface Inc

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