ARX (NYSE: ARX) insider sale notice — 35,000 shares

Rhea-AI Filing Summary

Issuer files a Form 144 reporting the proposed sale of 35,000 shares. The filing lists 35,000 common shares valued at $451,150.00 and describes the securities as converted from private company equity into public company stock "as a result of IPO" on 07/23/2025. The broker listed is Morgan Stanley Smith Barney LLC.

Insights

Securities Counsel

Form 144 notifies the broker and market of a proposed resale of converted shares.

Form 144 is the standard notice under Section 12(h) for proposed sales by affiliates or insiders when securities were previously restricted; the filing here lists 35,000 shares and a dollar value of $451,150.00. The transaction is described as resulting from a conversion of private equity into public stock following an IPO on 07/23/2025.

Timing and execution details beyond the notice are not provided in the excerpt; subsequent trade reports or broker confirmations would show actual sales. Cash‑flow treatment and whether the issuer or selling holder receives proceeds are not stated in the provided excerpt.

Key Figures

Form type: Form 144 Shares proposed: 35,000 shares Aggregate value: $451,150.00 +2 more

5 metrics

Form type Form 144 notice of proposed resale

Shares proposed 35,000 shares Conversion to public stock on 07/23/2025

Aggregate value $451,150.00 value listed on Form 144

Conversion date 07/23/2025 conversion described as result of IPO

Broker Morgan Stanley Smith Barney LLC broker listed on the filing

Key Terms

Form 144, Conversion of private company equity, IPO

3 terms

Form 144 regulatory

"Form 144 reporting proposed resale of converted shares"

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.

Conversion of private company equity financial

"Conversion of private company equity into public company stock"

IPO financial

"as a result of IPO on 07/23/2025"

An initial public offering (IPO) is the process by which a private company sells its shares to the public for the first time, making its ownership available on the stock market. This allows the company to raise money from a wide range of investors to fund growth or other goals. For investors, an IPO offers a chance to buy into a company early in its public journey, potentially benefiting if the company grows in value.

FAQ

What does ARX's Form 144 report?

The Form 144 reports a proposed resale of 35,000 common shares. It lists a value of $451,150.00 and states the shares converted to public stock on 07/23/2025 following an IPO.

Who is the broker handling the proposed sale?

The filing names Morgan Stanley Smith Barney LLC at 1 New York Plaza, New York. That broker is listed as the intermediary for the proposed sale of the 35,000 shares.

Were the shares originally restricted or private?

Yes; the filing describes a conversion of private company equity into public company stock as a result of an IPO on 07/23/2025, indicating the shares originated as private securities.

Does Form 144 confirm the shares have been sold?

No; Form 144 is a notice of proposed sale and does not confirm execution. The excerpt lists the proposed 35,000 shares; actual sale details would appear in subsequent trade reports or confirmations.

What dollar amount is associated with the proposed sale?

The filing shows a dollar value of $451,150.00 for the 35,000 shares listed on the Form 144, providing an indicative aggregate value in the notice.

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

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Available on EDGAR 06/23/2026 - 04:29 PM Accepted by SEC EDGAR 06/23/2026 - 04:28 PM 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
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

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	35000	451150.00	112799194	06/23/2026	NYSE

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	07/23/2025	Conversion of private company equity securities into public company stock as a result of IPO	Issuer			35000	07/23/2025	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

Nothing to Report

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)