DEC (DEC) holder files to sell 2.1M shares of common stock under Rule 144

Rhea-AI Filing Summary

DEC has a large shareholder planning to sell 2,100,000 shares of common stock through Morgan Stanley & Co. LLC on or about 01/08/2026 on the NYSE. The planned sale has an aggregate market value of $27,888,000.00 based on recent prices and is being made under Rule 144, which governs resales of restricted and control securities. The filing notes that there were 77,935,467 shares of DEC common stock outstanding.

The seller originally acquired 14,330,718 DEC shares on 03/14/2025 in a merger transaction with the issuer, with “assets” listed as the form of payment. By signing the notice, the seller represents they are not aware of any undisclosed material adverse information about DEC’s current or future operations.

Insights

Equity capital markets analyst

Large Rule 144 sale planned, but structure looks like a routine liquidity event by a major holder.

A shareholder in DEC has filed to sell 2,100,000 common shares with an aggregate market value of $27,888,000.00 through Morgan Stanley & Co. LLC on the NYSE. This sale sits against a base of 77,935,467 shares outstanding, indicating a meaningful but not controlling block relative to the total equity.

The shares were acquired on 03/14/2025 in a merger with the issuer, where the consideration was listed as assets, suggesting these holdings came from corporate transaction activity rather than open‑market buying. Because the seller certifies they do not know of undisclosed material adverse information, and the filing is a standard Rule 144 notice, this looks procedurally routine. Actual market impact will depend on how and when the broker places this block around the indicated 01/08/2026 sale date.

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	MORGAN STANLEY & CO. LLC 1585 BROADWAY NEW YORK NY 10036	2100000	27888000.00	77935467	01/08/2026	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	03/14/2025	Acquired in a merger.	Issuer			14330718	03/14/2025	Assets

* 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 DEC shares are planned to be sold under this Rule 144 notice?

The notice covers a planned sale of 2,100,000 shares of DEC common stock through Morgan Stanley & Co. LLC on the NYSE.

What is the aggregate market value of the DEC shares to be sold?

The planned Rule 144 sale has an aggregate market value of approximately $27,888,000.00, based on the pricing used in the filing.

How many DEC shares are outstanding compared with the planned Rule 144 sale?

The filing reports 77,935,467 DEC common shares outstanding, against which 2,100,000 shares are planned to be sold.

When and where are the DEC shares expected to be sold?

The approximate sale date listed is 01/08/2026, and the shares are expected to be sold on the NYSE through Morgan Stanley & Co. LLC.

How and when were the DEC shares originally acquired by the selling holder?

The filing states that 14,330,718 DEC common shares were acquired on 03/14/2025 in a merger with the issuer, with “assets” listed as the form of payment.

Does the selling holder claim to know any undisclosed negative information about DEC?

By signing the notice, the seller represents that they do not know any material adverse information about DEC’s current or prospective operations that has not been publicly disclosed.