Form 144: Wolverine insider to sell 12,854 shares via Merrill on NYSE
Rhea-AI Filing Summary
Form 144 filed for Wolverine World Wide, Inc. reports a proposed sale of 12,854 common shares through Merrill (8890 Lyra Dr, Columbus, OH) with an aggregate market value of $351,272. The sale is planned on the NYSE about 08/08/2025. The filing shows 81,254,351 shares outstanding, so the proposed sale is a small fraction of the company stock.
The shares were acquired on 04/21/2016 via a stock option exercise from Wolverine World Wide Inc and the purchase consideration will be paid in cash on the sale date. The filer reports nothing to report for securities sold in the past three months. The remarks include the standard representation that the signer knows of no undisclosed material adverse information and reference to Rule 10b5-1 trading plans. Some filer identification fields (CIK, filer contact) are left blank in the document.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider notice of a modest share sale; limited immediate market impact given size relative to outstanding shares.
The filing documents a proposed sale of 12,854 shares valued at $351,272 via Merrill on 08/08/2025. The shares were acquired by option exercise in 2016 and will be paid in cash. No sales were reported in the past three months. Given the issuer's 81,254,351 shares outstanding, this sale represents a de minimis portion of the float and is unlikely to materially affect valuation or liquidity. The filing includes the customary representation regarding undisclosed material information and mentions Rule 10b5-1 plans.
TL;DR: Compliance-focused filing with standard disclosures; absence of filer identification fields is notable but not unusual in form layout.
The document follows Rule 144 disclosure for a proposed insider sale and provides acquisition details (option exercise on 04/21/2016), broker information, and sale timing. The representation that no material undisclosed information exists is included. The form shows no securities sold in the prior three months, which can be relevant for assessing recent insider activity. Some filer contact/CIK fields are blank in the copy provided, which limits traceability but does not change the substantive sale information.