Open Text (OTEX) files Form 144 to sell 108,320 common shares

Rhea-AI Filing Summary

Open Text Corp (OTEX) filed a Form 144 reporting a proposed sale of 108,320 common shares acquired by exercise of options under a registered plan and to be sold through Morgan Stanley Smith Barney LLC on 10/07/2025. The filing lists an $4,108,306.80 aggregate market value and shows 254,316,690 shares outstanding, placing the proposed sale at a small fraction of the outstanding base. The filing also discloses a prior disposition by the same account of 217,957 shares on 09/05/2025 with gross proceeds of $7,232,772.28. The signer represents no undisclosed material adverse information.

Insights

Insider Transactions Analyst

Insider intends to sell exercised shares via broker; size appears immaterial to float.

The notice documents the sale of 108,320 common shares acquired by an exercise of options and routed through Morgan Stanley Smith Barney LLC, with an aggregate market value of $4,108,306.80. Compared with the disclosed 254,316,690 shares outstanding, the proposed sale represents a very small percentage of the outstanding shares.

Key dependencies include whether additional planned filings or trading plans exist; the filer affirms no undisclosed material adverse information. Watch for any subsequent Form 4 filings or trading-plan disclosure within days for confirmation of executed sales or plan adoption.

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	108320	4108306.80	254316690	10/07/2025	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	10/07/2025	Exercise of options under a registered plan	Issuer			108320	10/07/2025	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
THE MARK J BARRENECHEA REV TR 275 FRANK TOMPA DRIVE WATERLOO A6 N2L 0A1	Common	09/05/2025	217957	7232772.28

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 OTEX's Form 144 report?

The filing reports a proposed sale of 108,320 common shares acquired by option exercise, to be sold through Morgan Stanley Smith Barney LLC on 10/07/2025 with aggregate market value $4,108,306.80.

How large is the proposed sale relative to OTEX's shares outstanding?

The filing lists 254,316,690 shares outstanding; the proposed 108,320 shares are a very small fraction of that base.

Does the filing show any recent related sales?

Yes, it discloses a prior sale of 217,957 shares on 09/05/2025 with gross proceeds of $7,232,772.28.

How were the shares acquired that are being sold?

The shares were acquired on 10/07/2025 by exercise of options under a registered plan, with payment in cash.

Who is the broker handling the proposed sale?

The broker named is Morgan Stanley Smith Barney LLC, located at Executive Financial Services, 1 New York Plaza, New York, NY.