Officer and Director Files Intent to Sell Substantial Stake in Locafy Ltd
LCFY sits 36% above its 52-week low of $2.5.
Summary
A key insider at Locafy Ltd, Gavin Geoffery Burnett, has filed to sell 25,000 shares valued at $142,000, a substantial amount for the company.
Key Events · Ownership and Investor Activity · LCFY
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Insider Files Intent to Sell Shares
Gavin Geoffery Burnett, an Officer, Director, and 10% Shareholder, filed a Form 144 to sell 25,000 ordinary shares.
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Significant Proposed Sale Value
The proposed sale is valued at approximately $142,000, representing a substantial portion of Locafy Ltd's current market capitalization.
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Follows Recent Insider Sales
This intent to sell follows a previous sale of 5,000 shares by Burnett in the last three months, generating gross proceeds of $16,340.
Analysis · LCFY · Technology
Gavin Geoffery Burnett, a key insider serving as an Officer, Director, and 10% Shareholder of Locafy Ltd, has filed a Form 144 indicating an intent to sell 25,000 ordinary shares. This proposed sale, valued at approximately $142,000, represents a substantial portion of the company's market capitalization. This follows a previous sale of 5,000 shares by Burnett in the past three months. Such a significant intent to sell by a high-level insider could signal a lack of confidence or a need for liquidity, potentially exerting downward pressure on the stock.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 966 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LCFY was trading at $3.40 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.2M. The 52-week trading range was $2.50 to $13.98. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.