Form 144: 5,000-share exercise sale reports for CGON (CGON)

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 reporting the sale of 5,000 shares of Common Stock. The filing lists an Exercise of Stock Options on 06/24/2026 for 5,000 shares to be settled for cash. The filing also discloses recent 10b5-1 executions by Leonard Post: 5,000 shares sold on 06/22/2026 for $325,000 and 1,000 shares sold on 06/04/2026 for $54,500.

Insights

Securities Counsel

Routine Rule 144 sale and broker-handled exercise recorded; recent 10b5-1 sales disclosed.

The filing documents an exercise of stock options producing 5,000 common shares to be sold for cash on 06/24/2026. It separately lists two prior 10b5-1 dispositions by Leonard Post totaling 6,000 shares and specific gross proceeds.

Timing and exact cash-flow destination follow the exercise and sale mechanics stated; subsequent filings would show consummation details if required.

Key Figures

Shares to be sold (exercise): 5,000 shares 10b5-1 sale on 06/22/2026: 5,000 shares 10b5-1 sale on 06/04/2026: 1,000 shares +1 more

4 metrics

Shares to be sold (exercise) 5,000 shares Exercise of Stock Options on 06/24/2026

10b5-1 sale on 06/22/2026 5,000 shares Leonard Post sale for <money>$325,000</money>

10b5-1 sale on 06/04/2026 1,000 shares Leonard Post sale for <money>$54,500</money>

Reporting broker Morgan Stanley Smith Barney LLC Filer listed on Form 144

Key Terms

Form 144, 10b5-1, Exercise of Stock Options

3 terms

Form 144 regulatory

"submitted a Form 144 reporting the sale of 5,000 shares"

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.

10b5-1 regulatory

"10b5-1 Sales for LEONARD POST"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

Exercise of Stock Options financial

"Exercise of Stock Options on 06/24/2026 for 5,000 shares"

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Available on EDGAR 06/24/2026 - 04:38 PM Accepted by SEC EDGAR 06/24/2026 - 04:37 PM 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
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	5000	328650.00	88202473	06/24/2026	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	06/24/2026	Exercise of Stock Options	Issuer			5000	06/24/2026	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
10b5-1 Sales for LEONARD POST 3000 Pegasus Park Drive, Suite 1640 Dallas TX 75247	Common	06/22/2026	5000	325000.00
10b5-1 Sales for LEONARD POST 3000 Pegasus Park Drive, Suite 1640 Dallas TX 75247	Common	06/04/2026	1000	54500.00

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 Form 144 for CGON report?

The Form 144 reports a broker-handled exercise and sale of 5,000 common shares on 06/24/2026. It also lists prior 10b5-1 sales of 5,000 and 1,000 shares on 06/22/2026 and 06/04/2026.

Who executed the prior 10b5-1 sales shown in the filing?

The filing identifies Leonard Post as the seller under the 10b5-1 plan. Those entries show sales of 5,000 and 1,000 common shares with gross proceeds of $325,000 and $54,500 respectively.

What was the method for the 06/24/2026 transaction?

The 06/24/2026 entry is labeled an Exercise of Stock Options with settlement in cash for 5,000 shares. The filing links the exercise to the issuer and shows the broker as the reporting filer.

Does the Form 144 show net proceeds received by the issuer?

The Form 144 lists gross proceeds for prior sales (e.g., $325,000 and $54,500) and indicates cash settlement for the exercise. It does not state the issuer's receipt of proceeds or any allocation beyond those entries.