Form 144: 69,375 Class A shares reported for sale (DASH)

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 reporting 69,375 Class A Common proposed for sale. The excerpt lists 10b5-1 sales by THE ST TRUST and a sale by Stanley Tang on 06/02/2026 (23,125 shares, $3,646,188.13), 05/04/2026 (23,125 shares, $4,023,021.56), and 05/20/2026 (1,592 shares, $247,696.10).

Insights

Securities Counsel

Form 144 notifies the market of proposed Rule 144 resales of Class A Common shares.

The filing shows a broker-dealer filer and identifies 69,375 Class A Common as the amount reported for sale and multiple executed 10b5-1 sales with dates and proceeds. The excerpt names THE ST TRUST and Stanley Tang.

Timing and final disposition depend on transfers and compliance with Rule 144 conditions; subsequent filings may report completed resales.

Key Figures

Registered/Proposed for sale: 69,375 shares 10b5-1 sale: 23,125 shares 10b5-1 sale: 23,125 shares +1 more

4 metrics

Registered/Proposed for sale 69,375 shares Class A Common (cover entry)

10b5-1 sale 23,125 shares Sale dated 06/02/2026 with proceeds <money>$3,646,188.13</money>

10b5-1 sale 23,125 shares Sale dated 05/04/2026 with proceeds <money>$4,023,021.56</money>

Sale by Stanley Tang 1,592 shares Sale dated 05/20/2026 with proceeds <money>$247,696.10</money>

Key Terms

10b5-1, Founders Shares, Form 144

3 terms

10b5-1 regulatory

"10b5-1 Sales for THE ST TRUST"

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.

Founders Shares market

"Class A Common | 05/29/2013 | Founders Shares"

Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.

Form 144 regulatory

"144: Securities To Be Sold"

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.

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Available on EDGAR 07/02/2026 - 04:31 PM Accepted by SEC EDGAR 07/02/2026 - 04:30 PM Learn about SEC filing dates

FAQ

What does the Form 144 for DASH show?

The Form 144 lists 69,375 Class A Common proposed for sale by the filer. It also records specific 10b5-1 sales on 05/04/2026, 05/20/2026, and 06/02/2026 with share counts and dollar proceeds.

Who are the sellers named in the excerpt?

The excerpt names THE ST TRUST as executing 10b5-1 sales and Stanley Tang as a reporting person. Morgan Stanley Smith Barney LLC appears as the filer or broker-dealer associated with the notice.

How many shares and proceeds are shown for the 06/02/2026 sale?

The entry dated 06/02/2026 shows 23,125 shares sold for $3,646,188.13. This figure is recorded in the sales table in the provided excerpt.

Are these sales described as 10b5-1 transactions?

Yes. The excerpt explicitly labels multiple entries as 10b5-1 Sales, linking the trades for THE ST TRUST to that trading-plan mechanism on the dates shown.

Does the filing state who receives the proceeds?

The excerpt reports dollar amounts for each sale but does not state the recipient of proceeds. The filing lists proceeds alongside each sale entry without specifying the cash-flow recipient.

Does this Form 144 confirm completed resales?

The Form 144 reports proposed or scheduled resales and records executed 10b5-1 sale entries; it does not by itself confirm final clearance or settlement status for all listed shares.

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	69375	13102856.25	411336610	07/02/2026	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 *
Class A Common	05/29/2013	Founders Shares	Issuer			69375	05/29/2013	N/A

* 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 THE ST TRUST 303 2nd Street, South Tower, 8th Floor San Francisco CA 94107	Class A Common	06/02/2026	23125	3646188.13
STANLEY TANG 303 2nd Street, South Tower, 8th Floor San Francisco CA 94107	Class A Common	05/20/2026	1592	247696.10
10b5-1 Sales for THE ST TRUST 303 2nd Street, South Tower, 8th Floor San Francisco CA 94107	Class A Common	05/04/2026	23125	4023021.56

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)