Arash Foroughi lists two Rule 144 stock sales for APP (APP)

Rhea-AI Filing Summary

Arash Adam Foroughi reported proposed sales of Common Stock under Rule 144. The filing lists a 50,000-share sale on 03/11/2026 and a 50,000-share sale on 03/12/2026, each tied to reported cash transactions through Morgan Stanley Smith Barney LLC. The securities are labeled as Founder Stock.

Insights

Securities Compliance Analyst

Form 144 discloses two proposed Rule 144 dispositions by an insider entity.

The excerpt lists two separate proposed sales of Common Stock by Arash Adam Foroughi: $23,301,830.00 for 03/11/2026 and $22,911,585.00 for 03/12/2026. Each line names Morgan Stanley Smith Barney LLC as the broker.

These are routine resale notices under Rule 144. Timing and final execution depend on market transactions and Rule 144 conditions; subsequent filings would show completed dispositions if they occur.

Key Figures

Reported sale 1: 50,000 shares Reported sale 2: 50,000 shares Proceeds reported (03/11/2026): $23,301,830.00 +2 more

5 metrics

Reported sale 1 50,000 shares sale dated <date>03/11/2026</date>

Reported sale 2 50,000 shares sale dated <date>03/12/2026</date>

Proceeds reported (03/11/2026) $23,301,830.00 <date>03/11/2026</date> line item

Proceeds reported (03/12/2026) $22,911,585.00 <date>03/12/2026</date> line item

Broker Morgan Stanley Smith Barney LLC listed as broker on the filing

Key Terms

Rule 144, Founder Stock, Morgan Stanley Smith Barney LLC

3 terms

Rule 144 regulatory

"reported proposed sales of Common Stock under Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Founder Stock financial

"Common | 10/01/2011 | Founder Stock"

Morgan Stanley Smith Barney LLC other

"Common | Morgan Stanley Smith Barney LLC Executive Financial Services"

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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	20833	10497934.11	305732000	06/10/2026	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	10/01/2011	Founder Stock	Issuer			20833	10/01/2011	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
ARASH ADAM FOROUGHI 1100 Page Mill Road Palo Alto CA 94304	Common	03/12/2026	50000	22911585.00
ARASH ADAM FOROUGHI 1100 Page Mill Road Palo Alto CA 94304	Common	03/11/2026	50000	23301830.00

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 APP Form 144 filed by Arash Adam Foroughi disclose?

It discloses proposed Rule 144 sales of Common Stock by Arash Adam Foroughi. The filing lists 50,000 shares on 03/11/2026 and 50,000 shares on 03/12/2026, with broker details shown.

Who is listed as the broker in the APP Form 144 excerpt?

The broker shown is Morgan Stanley Smith Barney LLC. The excerpt ties the reported cash transactions to that broker and provides an address for the brokerage firm.

Are the shares described in the APP excerpt restricted or unrestricted?

The filing labels the securities as Founder Stock. The excerpt does not state the specific restriction status beyond that label; Rule 144 conditions would govern any permitted resale.

Do these Form 144 entries mean the sales were completed for APP?

These lines report proposed or reported sales tied to specific dates and amounts. The excerpt lists amounts and dates but does not by itself confirm final settlement or post-transaction holdings.