The filing is a routine insider intent-to-sell notice for shares acquired through equity compensation. The small size relative to market cap and the officer's role suggest no material signal. Monitor for any subsequent Form 4 filings to confirm whether the sale was executed.
Price Chart
Executive Summary
Stephen Paul Koch, an officer of Reliance, Inc., filed a Form 144 notice of intent to sell 8,344 shares of common stock, with an estimated aggregate market value of approximately $3.59 million based on a price of $430.50 per share. The shares were acquired through performance stock and restricted stock lapses in 2024 and 2025 as equity compensation. The filing signals a planned sale by an insider, though the actual sale may not occur.
Key Facts
- Insider Stephen Paul Koch (Officer) filed Form 144 to sell 8,344 shares of Reliance, Inc. common stock.
- Estimated aggregate market value of the proposed sale is $3,590,875 (based on $430.50 per share).
- Shares were acquired via performance stock lapse (7,408 shares on 02/24/2025) and restricted stock lapse (926 shares on 12/01/2024), both equity compensation.
- The proposed sale date is 10/27/2026, and the shares are to be sold on NYSE through Charles Schwab & Co., Inc.
- Reliance, Inc. has a market cap of $21.2B; the proposed sale represents approximately 0.017% of shares outstanding, a very small fraction.
Financial Impact
Proposed sale of 8,344 shares valued at ~$3.59 million, representing about 0.017% of market cap.
Risk Factors
- Insider sale intent could indicate personal liquidity needs or portfolio diversification, but the amount is immaterial relative to the company's size.
- Form 144 is only an intent to sell; the sale may not be completed.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001921094-26-001120 |
| Document: 0001921094-26-001120-index.html | 0001921094-26-001120 |
| Document: 0001921094-26-001120.txt | 0001921094-26-001120 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | Institutional Cluster | $433.36 | awaiting T+20 | awaiting T+20 | $436.91 (+0.82%) |
Oct 27, 2026 5d ago | 144 | $437.18 | awaiting T+20 | awaiting T+20 | $436.91 (−0.06%) |
Oct 21, 2026 11d ago | 8-K | $417.92 | awaiting T+20 | awaiting T+20 | $436.91 (+4.54%) |
Sep 24, 2026 5w ago | GOVT-CONTRACT | $387.28 $415.62 | ▲ +7.32% | ▲ +8.79% | $436.91 (+12.82%) |
Aug 4, 2026 12w ago | Insider Cluster | $414.91 $390.11 | ▲ +5.98% | ▲ +4.74% | $436.91 (−5.30%) |
Jun 23, 2026 18w ago | Institutional Cluster | $398.63 $383.17 | ▼ −3.88% | ▼ −5.04% | $436.91 (+9.60%) |
Apr 22, 2026 27w ago | 8-K | No price | awaiting T+20 | awaiting T+20 | No price |
Apr 22, 2026 27w ago | Press Release | $341.22 $362.26 | ▲ +6.17% | ▲ +1.53% | $436.91 (+28.04%) |
Apr 8, 2026 29w ago | Press Release | $318.97 $372.04 | ▲ +16.64% | ▲ +8.09% | $436.91 (+36.97%) |
Mar 10, 2026 33w ago | Press Release | $298.54 $318.97 | ▲ +6.84% | ▲ +7.00% | $436.91 (+46.35%) |
US Market Status
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