[144] BellRing Brands, Inc. SEC Filing

Rhea-AI Filing Summary

Microvast Holdings, Inc. (NASDAQ: MVST) filed a Form 8-K reporting a leadership change under Item 5.02.

• Effective 29 July 2025, Carl T. (“Pat”) Schultz ceased to serve as Chief Financial Officer.
• The company did not disclose the reason for his departure, any severance terms, nor name an interim or permanent successor.
• No other material events, financial results, transactions or exhibits were included beyond the customary Inline XBRL cover page.

The sudden exit of the CFO increases near-term governance and reporting risk until a replacement is appointed, potentially affecting investor confidence and the company’s capital-markets communication.

Insights

Corporate Governance Expert

TL;DR: Unplanned CFO departure heightens governance and reporting risk; impact depends on speed of replacement and disclosure clarity.

The unexpected resignation of Carl T. Schultz removes Microvast’s top financial steward at a critical time when lithium-ion battery makers face margin pressure and heightened disclosure demands. Lack of explanation or successor suggests the separation was unplanned, raising questions on internal controls, audit timelines and strategic financing plans. Investors will watch for 1) appointment of an interim CFO, 2) confirmation of no disagreements on accounting matters, and 3) maintenance of SEC reporting schedules. Until addressed, the event is modestly negative for valuation multiples and could elevate borrowing costs.

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	Apex Clearing Corporation One Dallas Center 350 N. St. Paul, Suite 1300 Dallas TX 75201	1600	86694	128800000	08/01/2025	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	11/11/2024	RSU / PSU	Issuer			1600	11/11/2024	Equity 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Darcy Davenport C/O BellRing Brands, Inc. 2503 S. Hanley Road St. Louis MO 63144	Common	07/25/2025	1600	87091.00
Darcy Davenport C/O BellRing Brands, Inc. 2503 S. Hanley Road St. Louis MO 63144	Common	07/18/2025	1600	92326.95
Darcy Davenport C/O BellRing Brands, Inc. 2503 S. Hanley Road St. Louis MO 63144	Common	07/11/2025	1600	92249.00
Darcy Davenport C/O BellRing Brands, Inc. 2503 S. Hanley Road St. Louis MO 63144	Common	07/03/2025	1600	91917.99
Darcy Davenport C/O BellRing Brands, Inc. 2503 S. Hanley Road St. Louis MO 63144	Common	06/27/2025	1600	92867
Darcy Davenport C/O BellRing Brands, Inc. 2503 S. Hanley Road St. Louis MO 63144	Common	06/20/2025	1600	95507.75
Darcy Davenport C/O BellRing Brands, Inc. 2503 S. Hanley Road St. Louis MO 63144	Common	06/13/2025	1600	94819
Darcy Davenport C/O BellRing Brands, Inc. 2503 S. Hanley Road St. Louis MO 63144	Common	06/06/2025	1600	96922.25
Darcy Davenport C/O BellRing Brands, Inc. 2503 S. Hanley Road St. Louis MO 63144	Common	05/30/2025	1600	100664

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)