AIP (NASDAQ) trustee 10b5-1 sales; proposed 90,000-share Form 144

Rhea-AI Filing Summary

AIP notifies the broker-dealer of a proposed sale of 90,000 common shares under a prior option exercise. The filing lists the securities as Previously Exercised Stock Options with proceeds figure $2,606,400.00 and identifies recent 10b5-1 dispositions by related trusts on several dates in 2026.

The notice names Morgan Stanley Smith Barney LLC as the executing broker and lists multiple 10b5-1 sale entries (examples: 106,031 shares on 03/02/2026; 72,940 shares on 04/17/2026), indicating prior rule-based sales from the same trust arrangements.

Insights

Securities Compliance Analyst

Form 144 reports a proposed 90,000-share sale tied to exercised options and shows recent 10b5-1 trust sales.

The notice records the source of the shares as Previously Exercised Stock Options and names Morgan Stanley Smith Barney LLC as the broker. A listed aggregate figure $2,606,400.00 appears on the table row associated with the 90,000 shares.

Timing and method indicate routine, pre-arranged dispositions: the filing lists multiple dated 10b5-1 sales by related trustees in 2026. Cash-flow treatment is implicit (cash), and beneficiary/trust details are shown in the sale entries.

Key Figures

Proposed sale: 90,000 shares Aggregate table value: $2,606,400.00 Example sale: 106,031 shares +2 more

5 metrics

Proposed sale 90,000 shares Securities to be sold (Previously Exercised Stock Options)

Aggregate table value $2,606,400.00 Figure shown on the securities row associated with 90,000 shares

Example sale 106,031 shares 10b5-1 sale dated <date>03/02/2026</date>

Example sale 72,940 shares 10b5-1 sale dated <date>04/17/2026</date>

Exercise date 12/28/2020 Date of the previously exercised stock options

Key Terms

10b5-1, Form 144, Previously Exercised Stock Options

3 terms

10b5-1 regulatory

"10b5-1 Sales for S A RAZA & N SARAIYA CO-TTEES"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

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.

Previously Exercised Stock Options financial

"Previously Exercised Stock Options | Issuer"

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	90000	2606400.00	45467261	05/01/2026	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	12/28/2020	Previously Exercised Stock Options	Issuer			90000	12/28/2020	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
10b5-1 Sales for S A RAZA & N SARAIYA CO-TTEES ATIQ RAZA & N SARAIYA 2012 REV TRU/A DTD 11/26/2012 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	04/20/2026	17060	378083.72
10b5-1 Sales for S A RAZA & N SARAIYA CO-TTEES ATIQ RAZA & N SARAIYA 2012 REV TRU/A DTD 11/26/2012 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	04/17/2026	72940	1616270.17
10b5-1 Sales for S A RAZA & N SARAIYA CO-TTEES ATIQ RAZA & N SARAIYA 2012 REV TRU/A DTD 11/26/2012 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	03/04/2026	3690	62786.46
10b5-1 Sales for S A RAZA & N SARAIYA CO-TTEES ATIQ RAZA & N SARAIYA 2012 REV TRU/A DTD 11/26/2012 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	03/02/2026	106031	1825081.70
10b5-1 Sales for S A RAZA & N SARAIYA CO-TTEES ATIQ RAZA & N SARAIYA 2012 REV TRU/A DTD 11/26/2012 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	02/27/2026	11762	200046.65
10b5-1 Sales for S A RAZA & N SARAIYA CO-TTEES ATIQ RAZA & N SARAIYA 2012 REV TRU/A DTD 11/26/2012 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	02/26/2026	73610	1261795.28
10b5-1 Sales for S A RAZA & N SARAIYA CO-TTEES ATIQ RAZA & N SARAIYA 2012 REV TRU/A DTD 11/26/2012 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	02/25/2026	4907	83419.50

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 AIP's Form 144 report about the 90,000 shares?

The Form 144 reports a proposed sale of 90,000 common shares arising from previously exercised options, with an associated table value of $2,606,400.00 in the filing excerpt.

Who is listed as the executing broker for the proposed sale?

Morgan Stanley Smith Barney LLC is listed as the broker-dealer for the transaction, with an address shown on the filing row for the securities to be sold.

Were there recent 10b5-1 sales related to these holdings?

Yes; the filing lists multiple 10b5-1 sales by related trust entities on dates in 2026, including entries for 106,031 and 72,940 shares.

What is the source of the shares being offered in the Form 144?

The shares are identified as coming from Previously Exercised Stock Options, dated 12/28/2020, with the method of settlement shown as Cash on the securities row.

Does the filing show who executed the prior 10b5-1 sales?

Yes; the sales are attributed to a trust arrangement named S A RAZA & N SARAIYA CO-TTEES ATIQ RAZA & N SARAIYA 2012 REV TRU with multiple dated sale rows in the excerpt.