FENC (NASDAQ: FENC) plans 9,599-share option sale; prior small sales listed

Rhea-AI Filing Summary

FILER: Notice under Rule 144 on proposed sale of Common stock associated with a stock option exercise.

The entry shows a planned sale dated 07/01/2026 for Common shares tied to a Stock Option Exercise with an entry of 9,599. Prior dispositions by Rostislav Raykov are listed for 06/01/2026 (9,747; proceeds $93,813.90) and 05/01/2026 (10,781; proceeds $69,761.69).

Insights

Corporate Securities Attorney

Rule 144 notice records a stock-option-related proposed sale and recent small dispositions by an individual.

The filing lists a planned sale dated 07/01/2026 described as a Stock Option Exercise for 9,599 shares and prior reported sales of 9,747 and 10,781 shares on earlier dates. This is a routine Rule 144 notification of resale conditions and claimed sale quantities.

Timing and cash‑flow mechanics are limited to the listed dates and amounts; any eligibility under Rule 144 (holding period, volume limitations) is not specified in the excerpt. Subsequent public filings or broker confirmations would clarify transfer mechanics and whether the transactions complied with resale conditions.

Key Figures

Planned sale (option exercise): 9,599 shares Sale on 06/01/2026: 9,747 shares Sale on 05/01/2026: 10,781 shares +1 more

4 metrics

Planned sale (option exercise) 9,599 shares Stock Option Exercise dated 07/01/2026

Sale on 06/01/2026 9,747 shares Proceeds listed as $93,813.90

Sale on 05/01/2026 10,781 shares Proceeds listed as $69,761.69

Exchange listing NASDAQ Exchange indicated in excerpt

Key Terms

Stock Option Exercise, Form 144, Cash

3 terms

Stock Option Exercise financial

"Stock Option Exercise | ISSUER | 9,599 | 07/01/2026"

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.

Form 144 regulatory

"form_type: "144" in metadata and filing header"

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.

Cash financial

"9599 | 07/01/2026 | Cash"

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Available on EDGAR 07/01/2026 - 04:30 PM Accepted by SEC EDGAR 07/01/2026 - 04:29 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	9599	99987.02	34737030	07/01/2026	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	07/01/2026	Stock Option Exercise	ISSUER			9599	07/01/2026	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
ROSTISLAV RAYKOV PO BOX 13628, 68 TW ALEXANDER DRIVE Research Triangle Park NC 27709	Common	06/01/2026	9747	93813.90
ROSTISLAV RAYKOV PO BOX 13628, 68 TW ALEXANDER DRIVE Research Triangle Park NC 27709	Common	05/01/2026	10781	69761.69

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 FENC Form 144 disclose?

It discloses a proposed sale of Common stock tied to a stock option exercise on 07/01/2026 for 9,599 shares. The notice also lists two prior sales by Rostislav Raykov on 06/01/2026 and 05/01/2026 with amounts and proceeds.

Who is listed as having sold shares recently in the filing for FENC?

The filing lists Rostislav Raykov with reported sales of 9,747 shares on 06/01/2026 (proceeds $93,813.90) and 10,781 shares on 05/01/2026 (proceeds $69,761.69).

How many shares are planned for sale under the reported stock option exercise?

The entry for the stock option exercise dated 07/01/2026 lists 9,599 shares. The excerpt labels the method as Stock Option Exercise with cash indicated as the transaction consideration.

Does the filing state who receives proceeds from the 07/01/2026 sale?

The excerpt shows Cash as the consideration type for the 07/01/2026 stock option exercise but does not specify the recipient. The form entry does not identify whether proceeds go to the issuer or selling holder in the provided lines.

Are aggregate outstanding shares or a registration status shown in the excerpt?

The provided excerpt does not state an aggregate outstanding share count or registration details. It lists transaction dates, share quantities, and dollar proceeds for specific dispositions without an overall outstanding or registration statement reference.