CGON (CGON) insider plans 50,000-share stock sale after option exercise

Rhea-AI Filing Summary

CGON filed a Form 144 for the potential sale of 50,000 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services, with a proposed sale date of August 10, 2026 tied to a stock option exercise. The filing also lists multiple common stock sales by Ambaw Bellete over the past three months, each with specified share amounts, dates, and dollar values.

Key Figures

Proposed shares to be sold: 50,000 shares Proposed aggregate sale value: $3,770,580.00 Sale on 08/07/2026: 9,250 shares for $696,062.50 +3 more

6 metrics

Proposed shares to be sold 50,000 shares Common stock proposed for sale on 08/10/2026

Proposed aggregate sale value $3,770,580.00 Common stock line with 50,000 shares and 3,770,580.00

Sale on 08/07/2026 9,250 shares for $696,062.50 Common stock sold by Ambaw Bellete on 08/07/2026

Sale on 08/06/2026 75,000 shares for $5,672,212.50 Common stock sold by Ambaw Bellete on 08/06/2026

Sale on 08/05/2026 25,000 shares for $1,837,500.00 Common stock sold by Ambaw Bellete on 08/05/2026

Sale on 07/15/2026 52,438 shares for $3,816,007.65 Common stock sold by Ambaw Bellete on 07/15/2026

Key Terms

Form 144, Stock Option Exercise, Executive Financial Services, Common stock

4 terms

Form 144 regulatory

"144: Securities Sold During The Past 3 Months"

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.

Stock Option Exercise financial

"Common | 08/10/2026 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

Executive Financial Services financial

"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"

Common stock financial

"Common | Morgan Stanley Smith Barney LLC Executive Financial Services"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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Available on EDGAR 08/10/2026 - 04:04 PM Accepted by SEC EDGAR 08/10/2026 - 04:03 PM Learn about SEC filing dates

FAQ

What does CGON’s latest Form 144 filing disclose?

CGON’s Form 144 discloses a proposed sale of 50,000 common shares in connection with a stock option exercise on August 10, 2026, routed through Morgan Stanley Smith Barney LLC Executive Financial Services.

How many CGON shares are proposed to be sold in this Form 144?

The filing indicates an intention to sell 50,000 shares of common stock. These shares are associated with a stock option exercise and are expected to be sold for cash on August 10, 2026.

Who is the selling security holder in the recent CGON Form 144 activity?

The section on recent sales lists Ambaw Bellete as a selling security holder in several common stock transactions, with specific dates, share counts, and total dollar amounts over the past three months.

What recent CGON stock sales by Ambaw Bellete are reported?

Reported sales by Ambaw Bellete include, among others, 75,000 common shares for $5,672,212.50 on August 6, 2026 and 25,000 shares for $1,837,500.00 on August 5, 2026, along with several additional July 2026 transactions.

On which market are the CGON shares in the Form 144 listed?

The shares referenced in the Form 144 are identified as listed on NASDAQ. The filing describes common stock to be sold through a broker in connection with a stock option exercise.

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	50000	3770580.00	88640375	08/10/2026	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	08/10/2026	Stock Option Exercise	Issuer			50000	08/10/2026	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
AMBAW BELLETE 3000 Pegasus Park Drive SUITE 1640 Dallas TX 75247	Common	08/07/2026	9250	696062.50
AMBAW BELLETE 3000 Pegasus Park Drive SUITE 1640 Dallas TX 75247	Common	08/06/2026	75000	5672212.50
AMBAW BELLETE 3000 Pegasus Park Drive SUITE 1640 Dallas TX 75247	Common	08/05/2026	25000	1837500.00
AMBAW BELLETE 3000 Pegasus Park Drive SUITE 1640 Dallas TX 75247	Common	07/29/2026	4303	316270.50
AMBAW BELLETE 3000 Pegasus Park Drive SUITE 1640 Dallas TX 75247	Common	07/28/2026	50000	3625195.00
AMBAW BELLETE 3000 Pegasus Park Drive SUITE 1640 Dallas TX 75247	Common	07/27/2026	50000	3627995.00
AMBAW BELLETE 3000 Pegasus Park Drive SUITE 1640 Dallas TX 75247	Common	07/23/2026	50000	3588620.00
AMBAW BELLETE 3000 Pegasus Park Drive SUITE 1640 Dallas TX 75247	Common	07/15/2026	52438	3816007.65

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)