BETRW Notice: 34,847 Class A Shares to be Sold via J.P. Morgan

Rhea-AI Filing Summary

Form 144 notice for BETRW: The filer notified of a proposed sale of 34,847 shares of Class A Common Stock through J.P. Morgan Securities LLC with an aggregate market value of $789,633. The filing shows 9,350,264 shares outstanding and an approximate sale date of 09/04/2025 on NASDAQ. Acquisition history for the shares shows a mix of founder shares and vested RSUs acquired between 06/15/2015 and 10/01/2024, including transfers into family trusts. The filer reports no securities sold in the past three months and certifies no undisclosed material adverse information.

Positive

• Brokered sale disclosed: J.P. Morgan Securities LLC identified as executing broker
• Clear sale size and value: 34,847 Class A shares totaling $789,633 disclosed
• Acquisition history provided: Founder shares, vested RSUs, and trust transfers are documented
• No recent disposals: Filing states "Nothing to Report" for securities sold in the past three months

Negative

• None.

Insights

Securities/Fiduciary Analyst

TL;DR: Insider sale notice for 34,847 Class A shares valued at $789,633 via J.P. Morgan; no recent sales reported.

The Form 144 documents a planned brokered sale by an affiliate or insider of BETRW shares. The listed holdings and acquisitions combine founder shares and vested RSUs, indicating proceeds likely derive from compensation-origin shares as well as earlier founder holdings transferred into trusts. The filing confirms compliance steps: broker identification, aggregate value, outstanding shares, and representation of no undisclosed material information. The absence of sales in the prior three months suggests this is not a routine short-interval disposition.

Corporate Governance Specialist

TL;DR: Proper procedural disclosure for an insider sale; transfers to family trusts are documented.

The filing provides acquisition provenance including founder-share origin and transfers to named family trusts, which is relevant for ownership reporting and transfer history. The inclusion of vested RSUs and dates supports traceability of restricted awards being converted to freely tradable stock. The document includes the statutory representation regarding material information, aligning with Rule 144 procedural requirements.

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
Class A Common Stock	J.P. Morgan Securities LLC 390 Madison Avenue, 6th Floor New York NY 10017	34847	789633	9350264	09/04/2025	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 *
Class B Common Stock	06/15/2015	Founder shares	Issuer			19633	06/15/2015	N/A
Class B Common Stock	08/22/2020	Vested RSU	Issuer			5043	09/01/2024	Compensation
Class A Common Stock	10/01/2024	Vested RSU	Issuer			379	10/01/2024	Compensation
Class B Common Stock	11/09/2021	Transfer to the Nicholas J. Calamari Family Trust	Nicholas J. Calamari, who acquired the Founder shares on 06/15/15			4891	11/09/2021	Compensation
Class B Common Stock	11/09/2021	Transfer to the Anika G. Austin Descendants Trust	Nicholas J. Calamari, who acquired the Founder shares on 06/15/15			4891	11/09/2021	Compensation

* 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)

FAQ

What does the BETRW Form 144 disclose about the proposed sale?

The filing discloses a proposed sale of 34,847 Class A shares valued at $789,633, to be executed through J.P. Morgan Securities LLC on or about 09/04/2025.

How many BETRW shares are outstanding per the Form 144?

The notice lists 9,350,264 shares outstanding.

Were any BETRW securities sold by the filer in the prior three months?

The filing states "Nothing to Report" for securities sold during the past three months.

What is the origin of the shares being sold according to the filing?

Acquisitions include founder shares (06/15/2015), multiple vested RSUs (2020 and 2024), and transfers into named family trusts (11/09/2021).

On which exchange is the sale expected to occur?

The filing indicates the sale is expected to occur on NASDAQ.