[144] Willdan Group, Inc. SEC Filing

Rhea-AI Filing Summary

Willdan Group, Inc. (WLDN) Form 144 shows proposed sale of 5,182 common shares through Morgan Stanley Smith Barney on 08/25/2025 with an aggregate market value of $612,256.41. The shares were acquired and paid for the same day by stock option exercise with cash payment. The filing lists recent sales by the same seller, Thomas Brisbin, including 117,595 shares on 08/22/2025 for $12,784,328.67 and 125,000 shares on 08/21/2025 for $13,052,878.66, among other transactions. The form states the seller represents no undisclosed material adverse information.

Positive

• Form 144 was filed, documenting proposed sale in compliance with Rule 144 requirements
• Securities to be sold were acquired by stock option exercise and paid for in cash on the same date

Negative

• Multiple large insider sales by Thomas Brisbin in August 2025, including 125,000 and 117,595 share blocks that generated multi-million dollar proceeds
• Filing provides no disclosure of a 10b5-1 trading plan or additional context explaining the timing of concentrated sales

Insights

Securities Analyst

TL;DR Significant insider sales were reported over several days; a small proposed sale on 08/25/2025 follows option exercise.

The filing documents a proposed sale of 5,182 shares resulting from a same-day stock option exercise and paid in cash, which is routine for option holders monetizing gains. However, the record shows multiple large dispositions by Thomas Brisbin in August 2025, including two blocks of 125,000 and 117,595 shares, generating multi-million dollar proceeds. Such concentrated insider sales over a short period are material to investors because they can affect free float and market perception. The filing itself contains no forward-looking statements or explanations for the timing of these sales.

Corporate Governance Expert

TL;DR The filer complied with Rule 144 disclosure; transactions are documented but no context on trading plan is provided.

Form 144 appears properly completed for the proposed sale and discloses acquisition method (stock option exercise) and payment in cash. The seller affirms lack of undisclosed material adverse information. The filing does not state adoption of a trading plan under Rule 10b5-1 or provide additional governance context, so while procedurally compliant, it offers limited insight into intent or company-level governance implications.

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	5182	612256.41	14665087	08/25/2025	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	08/25/2025	Stock Option Exercise	Issuer			5182	08/25/2025	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
THOMAS BRISBIN 2401 East Katella Ave Suite 300 Anaheim CA 92806	Common	08/22/2025	117595	12784328.67
THOMAS BRISBIN 2401 East Katella Ave Suite 300 Anaheim CA 92806	Common	08/21/2025	125000	13052878.66
THOMAS BRISBIN 2401 East Katella Ave Suite 300 Anaheim CA 92806	Common	08/20/2025	7405	771526.95
THOMAS BRISBIN 2401 East Katella Ave Suite 300 Anaheim CA 92806	Common	08/18/2025	5082	570904.77
THOMAS BRISBIN 2401 East Katella Ave Suite 300 Anaheim CA 92806	Common	08/18/2025	125000	13698013.16
THOMAS BRISBIN 2401 East Katella Ave Suite 300 Anaheim CA 92806	Common	05/27/2025	22459	1175504.06

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 securities does Willdan Group (WLDN) Form 144 report for sale?

The form reports 5,182 common shares proposed for sale on 08/25/2025 via Morgan Stanley Smith Barney.

Who is the seller listed on the Form 144 for WLDN?

The seller is listed as Thomas Brisbin with address details provided in the filing.

How were the 5,182 shares acquired and paid for?

The shares were acquired on 08/25/2025 by stock option exercise from the issuer and paid in cash on the same date.

Were there other recent sales by the same person?

Yes. The filing lists multiple recent sales by Thomas Brisbin in 2025, including 117,595 shares on 08/22/2025 and 125,000 shares on 08/21/2025 with corresponding gross proceeds stated.

What is the aggregate market value listed for the proposed sale?

The aggregate market value for the 5,182 shares is reported as $612,256.41.