[144] United Airlines Holdings, Inc. SEC Filing

Rhea-AI Filing Summary

United Airlines Holdings (UAL) Form 144 filing: an unidentified insider has notified intent to sell 24,772 common shares through Fidelity Brokerage on or about 07/25/2025. At the recent market price used in the notice, the block is valued at $2.22 million. The shares equal roughly 0.008 % of UAL’s 323.7 million shares outstanding, implying limited dilution or price pressure at the company level.

The seller acquired the stock via a mix of open-market purchase (2,716 sh) and seven tranches of restricted-stock vesting between 2013-2022. No shares were sold in the past three months. The filer certifies no undisclosed adverse information. Form 144 is only a notice; the sale may or may not occur and is subject to Rule 144 volume and manner-of-sale limits.

Positive

• Sale represents only 0.008 % of shares outstanding, making market impact negligible.
• No insider sales in prior three months suggests the transaction is an isolated liquidity event rather than a selling trend.

Negative

• Insider intends to liquidate $2.2 m of stock, which some investors may interpret as reduced management confidence.

Insights

Securities Analyst

TL;DR: Small insider sale; immaterial to UAL fundamentals.

The proposed $2.2 m sale is <0.01 % of float—far below Rule 144 volume caps and unlikely to move UAL’s $15 bn market cap. While insider selling sometimes signals pessimism, the size and routine 10b5-1-style diversification lessen concern. No operational data or guidance is affected, so my view is neutral for equity valuation.

Corporate Governance Expert

TL;DR: Typical diversification; governance risk minimal.

Shares stem largely from long-term equity comp, suggesting an executive monetizing accrued awards. Absence of recent sales and a single broker channel indicate orderly compliance. There is no indication of undisclosed negative information, matching standard Form 144 representations. Impact on governance perception is negligible.

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	24772	2217094.00	323732094	07/25/2025	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	02/27/2012	Open Market Purchase	Issuer			2716	02/27/2012	Cash
Common	02/04/2013	Restricted Stock Vesting	Issuer			3801	02/04/2013	Compensation
Common	02/25/2013	Restricted Stock Vesting	Issuer			3167	02/25/2013	Compensation
Common	06/14/2020	Restricted Stock Vesting	Issuer			1809	06/14/2020	Compensation
Common	02/28/2022	Restricted Stock Vesting	Issuer			8500	02/28/2022	Compensation
Common	06/14/2022	Restricted Stock Vesting	Issuer			1808	06/14/2022	Compensation
Common	08/31/2022	Restricted Stock Vesting	Issuer			2971	08/31/2022	Compensation

* 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 UAL shares are being sold under this Form 144?

24,772 common shares are listed for potential sale.

What is the market value of the proposed UAL stock sale?

The filing cites an aggregate value of $2,217,094.

When is the anticipated sale date for the UAL shares?

The approximate sale date disclosed is 07/25/2025.

What percentage of United Airlines’ outstanding shares does the sale represent?

Roughly 0.008 % of UAL’s 323.7 million shares outstanding.

Were there any UAL shares sold by this insider in the last 3 months?

The filing states "Nothing to Report" for prior 3-month sales.