Willis Lease SEC Filings

Willis Lease Finance Corp. (WLFC) – Form 144 notice of proposed insider sale

A Form 144 filing reports that Austin C. Willis intends to sell 3,450 common shares through Merrill Lynch on or about 01 July 2025. At the market price used in the form, the transaction is valued at $483,034. With 6,902,975 shares outstanding, the planned sale represents roughly 0.05 % of the company’s equity.

The shares were acquired 01 Apr 2024 as compensation; full payment was made in cash. The filing also discloses a history of monthly sales by the same insider over the prior three months:

• 02 Jun 2025 – 3,450 shares for $453,036
• 01 May 2025 – 3,450 shares for $521,910
• 02 Apr 2025 – 3,450 shares for $544,271

Total shares sold in the last quarter: 10,350, generating approximately $1.52 million in proceeds. The broker for the upcoming sale is Merrill Lynch (Palm Beach Gardens, FL); the shares are listed on NASD.

The filer certifies that no undisclosed material adverse information is known, as required under Rule 144. While the dollar amounts are meaningful for the individual, the disposal is modest relative to the company’s float and does not, by itself, alter Willis Lease Finance’s fundamentals. Nevertheless, continued insider selling may be monitored by investors as a sentiment indicator.

JPMorgan Chase Financial Company LLC is offering Buffered Callable Range Accrual Notes linked to the S&P 500® Index maturing on 31 July 2030. The notes are senior, unsecured obligations of the issuer and are fully and unconditionally guaranteed by JPMorgan Chase & Co. Investors purchase the notes in $1,000 increments; pricing is expected on 28 July 2025 with settlement on 31 July 2025.

Coupon mechanics. Interest accrues monthly at a variable rate determined by the following formula: Interest Rate = 5.90% × (Variable Days / Actual Days). “Variable Days” are trading days during which the S&P 500 closes at or above 85% of the initial index value (the “Minimum Index Level”). If the index is below that threshold for an entire period, the rate is 0%. The rate is capped at 5.90% and floored at 0.00% per annum. Payments are made on the last business day of each month, beginning 29 August 2025.

Principal repayment. At maturity, holders receive par only if the S&P 500 final value is at or above the Buffer Level (85% of initial). Otherwise, investors lose 1% of principal for every 1% the index is below the buffer, exposing them to a maximum loss of 85% of principal. Hypothetical examples show repayment ranging from $1,000 (no loss) down to $150 per $1,000 note in a full-drawdown scenario.

Issuer call option. JPMorgan may redeem the notes monthly, beginning 31 July 2026, at 100% of principal plus accrued interest. Early redemption would truncate the investor’s upside and create reinvestment risk.

Pricing economics. Indicative selling commissions are approximately $35 per $1,000 note (not to exceed $40). The estimated value, if priced today, is roughly $939.80, at least 6% below the expected issue price, reflecting fees, hedging costs and the bank’s internal funding rate. The final estimated value will not be less than $900 per $1,000.

Key risks. 1) Credit exposure to both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.; 2) market loss of up to 85% if the S&P 500 drops below the buffer; 3) variable coupon that may be 0% for extended periods; 4) issuer’s right to call the notes, limiting upside; 5) secondary-market liquidity likely thin, with prices expected below par; 6) tax treatment uncertain—issuer intends to treat the notes as income-bearing prepaid derivative contracts.

These notes suit investors seeking enhanced income relative to traditional debt, willing to trade equity-linked risk, coupon variability and call risk for a capped coupon and limited principal protection.

Willis Lease Finance Corp (WLFC) – Form 4 insider activity: President Brian R. Hole reported two open-market sales on 27 June 2025 totaling 7,295 common shares. The trades were executed in price bands of $141.51-$142.34 (weighted average $141.98) for 4,575 shares and $150.00-$151.20 (weighted average $150.51) for 2,720 shares, generating gross proceeds of roughly $1.06 million. Following the transactions, Hole’s direct ownership declined from 108,055 to 100,760 shares, a reduction of about 6.8 %, but he remains a significant holder. No derivative transactions were reported, and the filing indicates the sales were not executed under a 10b5-1 trading plan. While insider selling does not automatically signal negative fundamentals, investors often interpret sizeable discretionary sales from senior executives as a potential caution flag, particularly when no offsetting purchases are disclosed.

Willis Lease Finance Corp. (WLFC) – Form 144/A filing reports a proposed insider sale.

• Shares to be sold: 7,295 common shares.
• Estimated market value: $1,058,573.15 (based on information supplied in the filing).
• Broker: Merrill Lynch, 77 Broad Street, Red Bank, NJ 07701.
• Approximate sale date: 06/27/2025 on the NASDAQ.
• Shares outstanding: 6,902,975, so the proposed sale equals roughly 0.11 % of total shares.
• Acquisition details: Shares were acquired on 04/01/2024 through stock compensation.
• Recent prior sales: The seller (identified in the filing as Brian Hole, 30 White Pine Lane, West Hartford, CT 06107) sold 2,893 shares on 05/27/2025 for $386,744.40 and 2,807 shares on 05/23/2025 for $368,973.16, indicating a continuing disposition program.

The filing contains the customary representation that the seller is not aware of undisclosed material adverse information. No other financial or operational data is included.

Willis Lease Finance Corp. (WLFC) has filed a Form 144 notice dated 26 June 2025 disclosing an officer-initiated sale of company stock. Officer Brian Richard Hole plans to sell 7,295 common shares through Merrill Lynch on or about 27 June 2025. Based on the filing’s stated aggregate market value of $1,058,573.15, the proposed sale represents roughly 0.11 % of WLFC’s 6,902,975 shares outstanding. The shares were originally received as stock-based compensation on 1 April 2024.

The filing also lists two recent transactions by Mr. Hole during the prior three-month window:

• 2,893 shares sold on 27 May 2025 for $386,744.40
• 2,807 shares sold on 23 May 2025 for $368,973.16

For investors, the filing signals continued insider monetisation but at a scale that remains immaterial to total shares outstanding. Nevertheless, consecutive sales within a short period may attract attention to insider sentiment and trading patterns.