Phillips 66 (PSX) files Form 144 listing 53,300 shares to sell
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
Phillips 66 (PSX) reported proposed sales of Common Stock under Form 144. The filing lists 53,300 shares available to be sold under a Stock Option method with a sale date of 03/30/2026 for cash. The filing records two recent sales: 4,944 shares on 03/04/2026 for $815,672.66 and 16,856 shares on 03/05/2026 for $2,833,273.26. The broker listed is Merrill Lynch, 800 Capitol Street, Houston, TX.
Positive
- None.
Negative
- None.
Key Figures
Proposed shares to be sold: 53,300 shares
Sale on 03/05/2026: 16,856 shares
Proceeds on 03/05/2026: $2,833,273.26
+3 more
6 metrics
Proposed shares to be sold
53,300 shares
Listed under "Securities To Be Sold" with sale method Stock Option and date 03/30/2026
Sale on 03/05/2026
16,856 shares
Recorded sale dated 03/05/2026 through Merrill Lynch
Proceeds on 03/05/2026
$2,833,273.26
Dollar amount reported for the 16,856-share sale on 03/05/2026
Sale on 03/04/2026
4,944 shares
Recorded sale dated 03/04/2026 through Merrill Lynch
Proceeds on 03/04/2026
$815,672.66
Dollar amount reported for the 4,944-share sale on 03/04/2026
Option grant date
02/05/2019
Stock Option date associated with the securities to be sold
Key Terms
Form 144, restricted securities, Stock Option
3 terms
Form 144 regulatory
"Form 144 entries listing securities to be sold and recent sales"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
restricted securities financial
"Securities tied to a Stock Option dated 02/05/2019"
Restricted securities are shares or other investment instruments that come with legal or contractual limits on when and how they can be sold, like stock given to founders or bought in a private offering. Think of them as assets in a locked box that can’t be freely traded until certain conditions — such as a waiting period, company registration, or specific approvals — are met. For investors this matters because restricted securities are less liquid and can affect timing, price, and perceived value when they eventually enter the market.
Stock Option financial
"Securities To Be Sold line showing method 'Stock Option' and date 02/05/2019"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
FAQ
What does Phillips 66's (PSX) Form 144 disclose?
Form 144 discloses proposed and recent sales of restricted common stock. It lists 53,300 shares proposed for sale and two completed transactions of 4,944 and 16,856 shares on 03/04/2026 and 03/05/2026 respectively.
What proceeds were reported for the recent PSX stock sales?
Proceeds reported were $815,672.66 for 4,944 shares and $2,833,273.26 for 16,856 shares, as indicated in the Form 144 entries for March 2026.
Who is handling the sales listed in the Form 144 for PSX?
The broker/dealer shown is Merrill Lynch at 800 Capitol Street, Suite 1900, Houston, TX, which is listed alongside the Common Stock sale entries in the filing.
Are the proposed sales tied to options or another method?
Yes; the filing labels the securities to be sold as linked to a Stock Option dated 02/05/2019, with the proposed sale listed as for cash on 03/30/2026.