Tractor Supply insider files Form 144 to unload $5.8M stake

Rhea-AI Filing Summary

TSCO Form 144: An affiliated shareholder has filed notice to sell 90,000 common shares of Tractor Supply Co. on or after 24 Jul 2025 through Fidelity Brokerage Services on Nasdaq. At the indicated aggregate market value of $5.76 million, the proposed price is roughly $64/share. The shares derive from stock options granted 07 Feb 2018 and exercised on the planned sale date. No prior sales were reported in the last three months.

The proposed disposition represents only 0.017% of TSCO’s 530.2 million shares outstanding, suggesting limited dilution or trading-float impact. However, insider intent to liquidate a multi-million-dollar stake can be interpreted as a modestly negative sentiment signal unless tied to routine diversification. No information on the seller’s identity, relationship to the issuer, or any 10b5-1 trading plan was provided.

Positive

• Low dilution risk: 90,000 shares equal only 0.017% of outstanding stock, unlikely to affect share count or liquidity materially.
• Regulatory transparency: Filing under Rule 144 demonstrates compliance and provides timely disclosure to investors.

Negative

• Insider selling signal: Disposal of $5.8 M in shares may be viewed as reduced confidence in near-term valuation.
• Lack of detail: The filing omits the seller’s name and relationship to the issuer, limiting investors’ ability to gauge motivation.

Insights

Equity Analyst

TL;DR: Minor insider sale—90k TSCO shares—immaterial float effect but soft negative signal.

The filing discloses a planned insider sale worth roughly $5.8 M, only 0.017% of shares outstanding. From a liquidity standpoint, the market can easily absorb this block, so price pressure should be minimal. Yet insider selling—especially timed with option exercise—often reads as a confidence check. The absence of a disclosed 10b5-1 plan reduces the transaction’s perceived routine nature. Overall impact is modestly negative but not material to fundamentals.

Corporate Governance Specialist

TL;DR: Governance neutral—standard Rule 144 compliance, transparent but no seller identity.

Filing meets SEC transparency requirements, signalling adherence to Rule 144. The stake size is negligible relative to float, and the options date (2018) indicates long-term vesting completion. Lack of identifying information limits insight into board/exec sentiment. No aggregation with other recent sales was required, implying this is the insider’s first sale in the quarter. Governance risk remains low.

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	90000	5756400.00	530202933	07/24/2025	NASDAQ

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	07/24/2025	Options Granted - 02/07/2018	Issuer			90000	07/24/2025	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

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 Tractor Supply (TSCO) shares are being sold under this Form 144?

The notice covers 90,000 common shares of TSCO.

What is the total market value of the shares to be sold?

The aggregate market value is approximately $5.76 million.

When is the planned sale date for the TSCO shares?

The filer intends to sell on or about 24 July 2025.

What percentage of TSCO’s outstanding shares does this sale represent?

About 0.017% of the 530.2 million shares outstanding.

Are these shares newly issued or from option exercise?

They originate from stock options granted on 07 Feb 2018 and exercised on the sale date.