[144] Winnebago Industries, Inc. SEC Filing

Rhea-AI Filing Summary

Winnebago Industries (WGO) filed a Form 144 indicating a proposed sale of 8,578 shares of Common stock through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value reported as $277,928.06. The filing lists 28,030,540 shares outstanding, so the shares to be sold represent roughly 0.03% of the outstanding stock.

The securities were acquired and paid for on 08/12/2025 via a stock option exercise from the issuer and were paid in cash. The filer reports no securities sold in the past three months and includes the standard attestation that no undisclosed material adverse information is known.

Positive

• Transaction executed via stock option exercise with payment in cash, showing clear acquisition and consideration details
• Small relative size of proposed sale (~0.03% of outstanding shares) limits potential market impact

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider exercise and small planned sale, unlikely to move market on its own.

The Form 144 shows a proposed sale of 8,578 shares valued at $277,928.06, representing about 0.03% of the 28.03 million shares outstanding. The shares were acquired and paid for on the same date by exercising stock options and settled in cash, then routed through Morgan Stanley Smith Barney LLC for sale on the NYSE. Given the small size relative to outstanding shares and the contemporaneous exercise and sale, this appears to be a routine liquidity event rather than a signal of company-wide issues. No prior sales in the past three months were reported, which supports the characterization as an isolated transaction.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements; documentation is complete for a routine insider disposition.

The filing provides the required broker, share count, aggregate market value, acquisition method (stock option exercise), payment method (cash), and planned sale date (08/12/2025). The inclusion of "Nothing to Report" for sales in the prior three months and the standard signer attestation satisfy procedural elements of Rule 144 notice. From a governance perspective, the filing is administratively complete and does not disclose adverse events or additional related-party transactions.

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	8578	277928.06	28030540	08/12/2025	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	08/12/2025	Stock Option Exercise	Issuer			8578	08/12/2025	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

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 Winnebago Industries' (WGO) Form 144 disclose?

The filing discloses a proposed sale of 8,578 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $277,928.06 listed for 08/12/2025 on the NYSE.

How were the shares acquired according to the filing?

The shares were acquired on 08/12/2025 by stock option exercise from the issuer and payment was made in cash on the same date.

What portion of Winnebago's outstanding shares does the sale represent?

The filing reports 28,030,540 shares outstanding; the proposed sale of 8,578 shares is approximately 0.03% of outstanding stock.

Were there any other sales by the filer in the past three months?

The Form 144 states "Nothing to Report" for securities sold during the past three months.

Through which broker will the shares be sold?

The broker listed is Morgan Stanley Smith Barney LLC, address noted in the filing; the planned execution venue is the NYSE.