Morgan Stanley Smith Barney files sale of 3.14M shares

Morgan Stanley Smith Barney LLC intends to sell 3,136,201 shares of Common Stock on 05/11/2026 via the exercise of options under a registered plan.

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC intends to sell 3,136,201 shares of Common Stock on 05/11/2026 via the exercise of options under a registered plan.

The filing shows an aggregate value of $49,677,423.84 and reports 128,601,671 shares outstanding as of 05/11/2026; the method of sale is listed as cash.

Insights

Securities Counsel

Rule 144 notice for registered-plan option exercise and sale.

The filing documents an intended disposition under Rule 144 tied to an exercise of options under a registered plan on 05/11/2026. It lists the selling method as cash and provides an aggregate dollar figure.

Timing and exact settlement mechanics are determined by the plan and market execution; subsequent SEC or broker reports may show actual sale details and proceeds treatment.

Capital Markets Analyst

Large single-party sale quantity disclosed with outstanding share context.

The notice lists 3,136,201 shares and an aggregate value of $49,677,423.84, with 128,601,671 shares outstanding as of 05/11/2026. This provides a clear scale metric for potential market impact.

Actual market impact depends on how and when the shares are executed; the filing itself describes intention rather than completed trades.

Key Figures

Shares to be sold: 3,136,201 shares Aggregate value: $49,677,423.84 Shares outstanding: 128,601,671 shares

3 metrics

Shares to be sold 3,136,201 shares reported sale via option exercise on 05/11/2026

Aggregate value $49,677,423.84 aggregate value reported for the shares on 05/11/2026

Shares outstanding 128,601,671 shares shares outstanding as of 05/11/2026

Key Terms

Rule 144, registered plan, exercise of options

3 terms

Rule 144 regulatory

"Exercise of options under a registered plan 3136201 05/11/2026"

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.

registered plan financial

"Exercise of options under a registered plan"

A registered plan is a savings or investment account that a government recognizes for special tax treatment and rules, such as limits on how much you can put in and conditions for withdrawals. For investors it matters because those rules change how much of your gains are taxed, how quickly your money can be accessed and what strategies make sense — like a labeled jar that gives tax breaks but comes with rules about when and how you can take the money out.

exercise of options financial

"Exercise of options under a registered plan"

FAQ

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

What does the Form 144 for AUPH disclose?

The Form 144 reports an intended sale of 3,136,201 shares by Morgan Stanley Smith Barney LLC on 05/11/2026, executed via an exercise of options under a registered plan.

How much is the aggregate value listed in the filing?

The filing lists an aggregate value of $49,677,423.84 associated with the 3,136,201 shares reported for sale on 05/11/2026.

Does the filing state how the sale will be conducted?

Yes. The method is recorded as cash from an exercise of options under a registered plan, with disposition intent filed under Rule 144 for the specified shares.

What baseline share count is provided for context?

The document reports 128,601,671 shares outstanding as of 05/11/2026, which provides a reference for the scale of the reported sale.

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

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Accepted by SEC EDGAR 05/11/2026 - 04:11 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	0001363683
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	AURINIA PHARMACEUTICALS INC.
SEC File Number	001-36421
Address of Issuer	#140, 14315 - 118 AVENUE EDMONTON ALBERTA, CANADA T5L 4S6
Phone	250-744-2487
Name of Person for Whose Account the Securities are To Be Sold	PETER GREENLEAF
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	Former Affiliate

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	3136201	49677423.84	128601671	05/11/2026	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	05/11/2026	Exercise of options under a registered plan	Issuer			3136201	05/11/2026	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

Nothing to Report

144: Remarks and Signature

Remarks	This Form 144 is being filed for the cashless exercise of options and subsequent sales of the underlying shares commencing on 05/11/2026
Date of Notice	05/11/2026
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/ Peter Greenleaf
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)