Form 144 lists 3,857 performance shares and ESPP lots for ACAD (NASDAQ: ACAD)

Rhea-AI Filing Summary

ACAD Form 144 filing lists proposed sales of Common stock tied to several benefit plans and recent dispositions by a reported holder. The excerpt shows Performance Shares: 3,857 and Employee Stock Purchase Plan allocations of 491 and 1,053. It also records four reported past dispositions by James Kihara totaling 4,304 shares on 03/25/2026, 03/26/2026, 04/07/2026, and 05/04/2026

Insights

Securities Compliance Officer

Form 144 lists proposed affiliate sales and recent dispositions by a reporting holder.

The filing excerpt enumerates specific securities categories: Performance Shares (3,857) and two ESPP entries (491 and 1,053). These line items represent the types and sizes of common stock subject to resale transactions.

Recent cash dispositions by James Kihara total 4,304 shares across four dates in Q2 2026. The excerpt does not state the intended sale mechanics, purchaser identity, or final timing; subsequent paperwork or broker reporting would clarify execution details.

Key Figures

Performance Shares registered: 3,857 shares ESPP lot (11/13/2020): 491 shares ESPP lot (05/13/2022): 1,053 shares +2 more

5 metrics

Performance Shares registered 3,857 shares listed under Securities To Be Sold

ESPP lot (11/13/2020) 491 shares Employee Stock Purchase Plan entry dated <date>11/13/2020</date>

ESPP lot (05/13/2022) 1,053 shares Employee Stock Purchase Plan entry dated <date>05/13/2022</date>

Past dispositions by James Kihara (sum) 4,304 shares Four dispositions on <date>03/25/2026</date>, <date>03/26/2026</date>, <date>04/07/2026</date>, <date>05/04/2026</date>

Single largest recent disposition 1,332 shares Sale on <date>05/04/2026</date>

Key Terms

Form 144, Performance Shares, Employee Stock Purchase Plan, Securities Sold During The Past 3 Months

4 terms

Form 144 regulatory

"144: Securities To Be Sold"

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.

Performance Shares financial

"Common | 11/18/2024 | Performance Shares | Issuer | 3,857"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

Employee Stock Purchase Plan financial

"Common | 11/13/2020 | Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Securities Sold During The Past 3 Months regulatory

"144: Securities Sold During The Past 3 Months | James Kihara"

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	5401	114394.11	171235870	05/26/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	11/18/2024	Performance Shares	Issuer			3857	11/18/2024	Not Applicable
Common	11/13/2020	Employee Stock Purchase Plan	Issuer			491	11/13/2020	Cash
Common	05/13/2022	Employee Stock Purchase Plan	Issuer			1053	05/13/2022	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
James Kihara 12830 El Camino Real, Suite 400 San Diego CA 92130	Common	05/04/2026	1332	29024.36
James Kihara 12830 El Camino Real, Suite 400 San Diego CA 92130	Common	04/07/2026	1030	22865.87
James Kihara 12830 El Camino Real, Suite 400 San Diego CA 92130	Common	03/26/2026	1109	24010.75
James Kihara 12830 El Camino Real, Suite 400 San Diego CA 92130	Common	03/25/2026	833	17884.51

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does ACAD's Form 144 disclose about securities to be sold?

The filing itemizes securities slated for resale: Performance Shares: 3,857, and Employee Stock Purchase Plan entries of 491 and 1,053. These are listed as types of Common stock associated with resale permissions.

Who reported recent stock dispositions in the excerpt for ACAD?

The excerpt shows four past dispositions by James Kihara totaling 4,304 shares on 03/25/2026, 03/26/2026, 04/07/2026, and 05/04/2026.

Do the listed securities indicate the proceeds or sale price?

No specific sale prices or aggregate proceeds are provided for the listed securities. The filing excerpt lists share counts and plan categories but does not disclose pricing or recipient details.

Does the Form 144 excerpt show who is selling the performance shares?

The excerpt identifies the security category Performance Shares (3,857) but does not name an individual seller for that line. Broker and filer names appear separately in the header.

Are the Employee Stock Purchase Plan entries cash or noncash?

The Employee Stock Purchase Plan entries shown (491 and 1,053) are labeled with Cash in the excerpt, indicating cash-based ESPP transactions in the reported lines.