AQST notice: 180,677 shares sold under Rule 144

AQST-related Rule 144 notice: a broker-dealer filing lists proposed or recent sales of Common Stock linked to restricted stock units and prior dispositions.

Rhea-AI Filing Summary

AQST-related Rule 144 notice: a broker-dealer filing lists proposed or recent sales of Common Stock linked to restricted stock units and prior dispositions. The excerpt shows 180,677 shares sold on 03/10/2026 for $753,965.12. The filing references 125,450,119 shares outstanding as of 05/15/2026.

The filing names Morgan Stanley Smith Barney LLC Executive Financial Services as broker-dealer and reports an entry for Daniel R. Barber. Timing and exact quantity offered under Rule 144 in this excerpt beyond the sold shares are not detailed.

Insights

Securities Compliance Counsel

Routine Rule 144 notice showing an insider disposition.

The excerpt documents a broker-dealer entry and a reported disposition of $753,965.12 realized from 180,677 shares sold on 03/10/2026. It also lists 125,450,119 shares outstanding as of 05/15/2026, providing a context figure.

Record shows restricted stock units with dates and an 03/09/2024 grant line; however, the excerpt does not specify registered resale quantity under Rule 144 or whether selling holders intend additional sales. Subsequent filings would state any planned resale quantities or broker-led distribution methods.

Key Figures

Shares sold: 180,677 shares Proceeds reported: $753,965.12 Shares outstanding: 125,450,119 shares +2 more

5 metrics

Shares sold 180,677 shares sold on 03/10/2026

Proceeds reported $753,965.12 associated with the 03/10/2026 sale

Shares outstanding 125,450,119 shares as of 05/15/2026

RSU grant date 03/09/2024 Restricted Stock Units line in the filing

Broker-dealer Morgan Stanley Smith Barney LLC listed as executing firm on the notice

Key Terms

Rule 144, Restricted Stock Units, Form 144

3 terms

Rule 144 regulatory

"Securities To Be Sold / Securities Sold During The Past 3 Months"

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.

Restricted Stock Units financial

"Common | 03/09/2024 | Restricted Stock Units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Form 144 regulatory

"Filer Information | 144: Filer Information"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the AQST filing show about recent insider sales?

The filing shows a reported sale of 180,677 shares on 03/10/2026, producing $753,965.12. It names Daniel R. Barber and lists the broker-dealer involved as Morgan Stanley Smith Barney LLC Executive Financial Services.

Does the filing state how many shares are outstanding for AQST?

Yes. The excerpt lists 125,450,119 shares outstanding as of 05/15/2026. This figure is presented as a company-level context metric in the filing excerpt.

Are the sold shares from restricted stock units (RSUs)?

The excerpt references Restricted Stock Units with a grant date of 03/09/2024. The filing does not explicitly map the sold 180,677 shares to those specific RSUs in the provided text.

Who is the brokerage firm handling the transaction in the AQST notice?

The filing names Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, as the broker-dealer listed on the notice. The entry appears on the broker line of the excerpt.

Does this excerpt indicate planned future sales under Rule 144?

The provided excerpt documents a past sale and RSU references but does not list an explicit quantity or schedule of future sales under Rule 144. Further filings would be required to disclose planned resale amounts.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 04:32 PM EDT Learn about SEC filing dates

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	0001742266
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Aquestive Therapeutics, Inc.
SEC File Number	001-38599
Address of Issuer	30 Technology Drive Warren NEW JERSEY 07059
Phone	9089411900
Name of Person for Whose Account the Securities are To Be Sold	Daniel Barber
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	Officer

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	8257	39055.61	125450119	05/15/2026	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	03/09/2024	Restricted Stock Units	Issuer			8257	03/09/2024	N/A

* 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
DANIEL R BARBER 30 Technology Drive Warren NJ 07059	Common	03/10/2026	180677	753965.12

144: Remarks and Signature

Remarks
Date of Notice	05/15/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	09/15/2025
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	/s/ Daniel Barber
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)