TNC insider files Rule 144 to sell 4,042 vested shares valued at $336,324

Rhea-AI Filing Summary

Tennant Company (TNC) notice reports a proposed sale under Rule 144 of 4,042 common shares, with an aggregate market value of $336,324.23, representing part of the company's publicly traded common stock listed on the NYSE. The shares were acquired on 02/21/2025 through the vesting of a stock award from TENNANT CO and are characterized as a compensatory payment. The filer indicates no securities sold in the past three months and names Merrill Lynch as the broker with an approximate sale date of 08/19/2025. The notice includes the required representation that the seller is not aware of undisclosed material adverse information.

Positive

• Acquisition was compensatory: the 4,042 shares were acquired via vesting of a stock award on 02/21/2025.
• No recent sales: the filer reports Nothing to Report for securities sold in the past three months, indicating no recent disposals to aggregate.

Negative

• Proposed sale slated: the notice lists an approximate sale date of 08/19/2025 for 4,042 shares (aggregate market value $336,324.23).
• Potential increase in available float: the filing documents an upcoming liquidation of vested shares, which will be transacted through Merrill Lynch.

Insights

Securities Analyst

TL;DR: Insider proposes to sell a modest block of vested shares; transaction is compensatory and scheduled for August 2025.

The filing shows a straightforward Rule 144 sale notice for 4,042 shares acquired via vesting on 02/21/2025. The aggregate value of roughly $336k is small relative to typical market caps for listed issuers, and no sales were reported in the prior three months. Use of Merrill Lynch as broker and the inclusion of the standard representation about material non-public information are routine for these notices. This is a clean, compensatory-derived sale filing without disclosure of additional trading plans or complex transfer mechanisms.

Corporate Governance Specialist

TL;DR: Filing documents a routine compensatory vest-and-sell transaction with required legal attestation; no governance red flags shown.

The document identifies the seller relationship through a stock award vesting event and specifies compensatory payment as the nature of acquisition and payment. The statement that there were no securities sold in the past three months and the standard attestation about knowledge of material adverse information align with compliance expectations for Rule 144 filings. The notice does not include any indications of litigation, regulatory action, or other governance matters.

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	Merrill Lynch 3455 Peachtree Road NE STE 1000 Atlanta GA 30326	4042	336324.23	18469129	08/19/2025	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	02/21/2025	Vesting of a Stock Award	TENNANT CO			4042	02/21/2025	Compensatory Payment

* 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 the Form 144 filed by TNC report?

The Form 144 notifies a proposed Rule 144 sale of 4,042 common shares of Tennant Company with an aggregate market value of $336,324.23.

When were the shares acquired that are the subject of the Form 144?

The shares were acquired on 02/21/2025 through the vesting of a stock award from TENNANT CO.

Who is the broker handling the proposed sale for TNC shares?

The notice lists Merrill Lynch (3455 Peachtree Road NE, Atlanta, GA) as the broker for the proposed transaction.

What is the approximate date of the proposed sale in the TNC Form 144?

The Form 144 indicates an approximate sale date of 08/19/2025.

Were any TNC securities sold by the filer in the past three months?

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