[144] Willdan Group, Inc. SEC Filing

Rhea-AI Filing Summary

Willdan Group, Inc. (WLDN) filed a Form 144 notice for a proposed sale of 7,298 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $775,910.22. The filing lists the planned approximate sale date as 09/18/2025 on NASDAQ. The shares were acquired as restricted stock from the issuer on several dates between 06/09/2023 and 06/12/2025, with individual lots of 1,294–1,793 shares and specific acquisition dates disclosed. The filer certifies they are not aware of undisclosed material adverse information and notes no securities sold by the same person in the past three months.

Positive

• Brokered sale disclosed through Morgan Stanley Smith Barney LLC, providing a clear execution route
• Lot-level acquisition dates and amounts are provided, improving transparency about the origin of the shares
• Filer attests to no undisclosed material adverse information and reports no sales in the past three months

Negative

• Insider/affiliate liquidity event of 7,298 shares with aggregate value $775,910.22 may be viewed negatively by some investors
• Form lacks contextual issuer information such as reasons for sale or insider role, limiting investor interpretation

Insights

Securities Analyst

TL;DR: Routine Rule 144 notice showing an officer/affiliate sale of 7,298 restricted shares valued at $775,910; appears procedural.

The filing discloses a proposed secondary-market sale through a broker, with specific lot-level acquisition dates and amounts, which helps market participants track potential insider liquidity. The aggregate value is material enough to be noticed by investors but the form contains no additional operational or financial data about the issuer. Impact is primarily informational; market reaction would depend on context not included here.

Compliance Officer

TL;DR: Compliance representation and broker routing are documented; the filer affirms absence of undisclosed material adverse information.

The Form 144 includes required attestations and broker identification (Morgan Stanley Smith Barney LLC), and lists that no securities were sold in the prior three months by the same person. That alignment with disclosure and broker routing reduces procedural risk. The notice itself does not indicate regulatory issues or unusual trading arrangements.

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	7298	775910.22	14665087	09/18/2025	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	06/07/2024	Restricted Stock	Issuer			1792	06/07/2024	Not Applicable
Common	06/12/2025	Restricted Stock	Issuer			1124	06/12/2025	Not Applicable
Common	06/09/2024	Restricted Stock	Issuer			1295	06/09/2024	Not Applicable
Common	06/07/2025	Restricted Stock	Issuer			1793	06/07/2025	Not Applicable
Common	06/09/2023	Restricted Stock	Issuer			1294	06/09/2023	Not Applicable

* 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 Willdan Group (WLDN) disclose?

It discloses a proposed sale of 7,298 common shares through Morgan Stanley Smith Barney LLC with aggregate market value of $775,910.22 and an approximate sale date of 09/18/2025.

When were the shares being sold acquired according to the filing?

The shares were acquired as restricted stock on multiple dates between 06/09/2023 and 06/12/2025 in lot sizes ranging from 1,124 to 1,793 shares.

On which exchange is the proposed sale to occur for WLDN shares?

The filing lists NASDAQ as the securities exchange for the proposed sale.

Who is the broker named in the Form 144 notice for WLDN?

Morgan Stanley Smith Barney LLC is listed as the broker, with an address at 1 New York Plaza, 8th Floor, New York, NY 10004.

Did the filer report any securities sold in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months by the person for whose account the securities are to be sold.

Does the Form 144 include a statement about undisclosed material information?

Yes. The filer represents by signing that they do not know any material adverse information about the issuer that has not been publicly disclosed.