Holder plans NYSE sale of 4,373,951 Class A shares via broker

Rhea-AI Filing Summary

A holder of Class A common stock has filed a notice of a proposed sale of 4,373,951 shares through J.P. Morgan Securities LLC. The planned sale has an aggregate market value of 105,237,261, with the shares listed for trading on the NYSE and an approximate sale date of 12/22/2025. The table notes that there were 288,154,032 shares of this class of stock outstanding. The securities to be sold were acquired on 11/02/2020 by conversion from Class D and Class C common stock acquired in a private placement from the issuer, with cash shown as the form of payment.

Insights

Securities law analyst

Rule 144 notice covers a sizable resale of Class A shares.

The document describes a planned resale of 4,373,951 shares of Class A common stock with an aggregate market value of 105,237,261. These shares are to be sold on the NYSE through J.P. Morgan Securities LLC, with an approximate sale date of 12/22/2025. The filing also notes that 288,154,032 shares of this class were outstanding.

The shares were acquired on 11/02/2020 via conversion from other classes of common stock that had been obtained in a private placement from the issuer, with cash listed as the form of payment. The representation language states that the seller does not know of any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed, and references the possibility of using a written trading plan under Rule 10b5-1.

Because this is a resale by an existing holder rather than a new issuance, it describes potential secondary-market activity rather than a capital-raising transaction by the issuer. Actual market impact, if any, would depend on how much of the planned sale is ultimately executed and broader trading conditions, which are not detailed here.

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 383 Madison Avenue New York NY 10179	4373951	105237261	288154032	12/22/2025	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 *
Class A Common Stock	11/02/2020	Converted from Class D and Class C Common Stock acquired in a private placement	Issuer			4373951	11/02/2020	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

How many shares of Class A common stock are planned to be sold under this notice?

The notice describes a proposed sale of 4,373,951 shares of Class A common stock. This figure appears in the securities information table as the number of shares or other units to be sold.

What is the aggregate market value of the shares covered by this planned sale?

The securities information table states that the aggregate market value of the Class A common stock to be sold is 105,237,261.

On which exchange and through which broker are the shares expected to be sold?

The Class A common stock is identified as being sold through J.P. Morgan Securities LLC, located at 383 Madison Avenue, New York, NY 10179, and the securities exchange named is the NYSE.

When were the shares to be sold originally acquired and how?

The table on securities to be sold shows that the Class A common stock was acquired on 11/02/2020. The nature of the acquisition transaction is listed as converted from Class D and Class C common stock acquired in a private placement from the issuer, with cash indicated as the nature of payment.

What is the approximate date of sale for the Class A common stock in this notice?

The securities information section lists an approximate date of sale of 12/22/2025 for the planned transaction on the NYSE.

How many shares of this class of stock were outstanding according to the notice?

The securities information table notes that the number of shares or other units outstanding for this class of stock was 288,154,032.

What representation does the seller make about information regarding the issuer?

The signature section states that the person for whose account the securities are to be sold represents that they do not know any material adverse information about the issuer’s current and prospective operations that has not been publicly disclosed. It also notes that if a written trading plan or instructions under Rule 10b5-1 have been adopted, that representation is made as of the plan adoption or instruction date.