Under Armour (UA) affiliate files Form 144 to sell RSU-derived Class A/C shares
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
Under Armour, Inc. Form 144 notice reports proposed sales of multiple lots of Class A and Class C common stock that were acquired as restricted stock units. The filing lists individual lots with acquisition dates from 02/15/2015 through 02/15/2021
Positive
- None.
Negative
- None.
Insights
Form 144 signals an affiliate intends to sell previously granted RSU shares.
The filing lists multiple lots of Class A and Class C common stock described as "Acquired as Compensation - Restricted Stock Units" with acquisition dates between 02/15/2015 and 02/15/2021.
Timing, aggregate proceeds, and the broker/dealer methods for sale are detailed in the full filing; sale execution and market impact depend on the holder's sale decisions and the mechanics set out in the filing.
FAQ
Will Under Armour receive proceeds from these sales listed in Form 144?
The filing describes resale of shares that were previously issued as RSUs; proceeds from such resale are received by the selling holder. The excerpt does not state any proceeds flowing to the company in the provided lines.