BTE (NYSE) files Form 144: proposed open-market sales via J.P. Morgan

Rhea-AI Filing Summary

BTE submitted a Form 144 notice dated 05/29/2026 disclosing proposed sales of Common Stock through J.P. Morgan Securities LLC. The filing lists prior purchases of 60,000 shares on 12/08/2023 and 99,000 shares on 03/16/2023; the intended broker is J.P. Morgan Securities LLC.

Insights

Securities Counsel

Form 144 notifies the market of proposed Rule 144 sales by an affiliate via J.P. Morgan.

Form 144 is a regulatory notice that a selling person intends to sell restricted or control securities under Rule 144. The filing lists sale-related details including broker, proposed method (Open Market), and historical acquisition dates of the shares.

Timing and actual sale amounts are subject to execution; subsequent broker reports or Form 4/Form 5 amendments would show completed transactions.

Key Figures

Form 144 notice date: 05/29/2026 Purchase lot: 60,000 shares Purchase lot: 99,000 shares +1 more

4 metrics

Form 144 notice date 05/29/2026 Form 144 header

Purchase lot 60,000 shares Acquired on 12/08/2023 (listed for sale)

Purchase lot 99,000 shares Acquired on 03/16/2023 (listed for sale)

Broker-dealer J.P. Morgan Securities LLC Named broker on Form 144

Key Terms

Form 144, Rule 144, Open Market

3 terms

Form 144 regulatory

"Form 144 notice dated 05/29/2026 disclosing proposed sales"

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.

Rule 144 regulatory

"proposed sales of restricted or control securities under Rule 144"

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.

Open Market market

"Purchase | Open Market | 60000 and 99000 entries"

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

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 Stock	J.P. Morgan Securities LLC 270 Park Avenue, 10th Floor New York NY 10017	159000	780690	765568147	05/29/2026	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 Stock	12/08/2023	Purchase	Open Market			60000	12/08/2023	Cash
Common Stock	03/16/2023	Purchase	Open Market			99000	03/16/2023	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

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)

FAQ

What does BTE's Form 144 filing mean?

It signals a proposed sale of restricted or control shares by an affiliate under Rule 144. The notice lists the broker, acquisition dates, and share lots (60,000 and 99,000). Actual sales occur later and would be reported when executed or in subsequent filings.

How many shares are referenced in BTE's Form 144?

The filing references two purchased lots of Common Stock: 60,000 shares and 99,000 shares. These lots are shown with acquisition dates 12/08/2023 and 03/16/2023, and the Form 144 notice is dated 05/29/2026.

Who is the broker handling the potential BTE sales?

J.P. Morgan Securities LLC is named as the broker for the proposed transactions. The filing lists J.P. Morgan Securities LLC at an address on 270 Park Avenue as the broker-dealer associated with the sale notice.

Does this Form 144 confirm shares were sold?

No; Form 144 is a notice of intent to sell, not confirmation of execution. The document lists proposed sale method (Open Market) and prior acquisition lots; executed sales would appear in later broker reports or Form 4/Form 5 filings.