Morgan Creek sells 1.11M FGRS shares (NASDAQ: FGRS) in registered resale

Rhea-AI Filing Summary

FGRS reported Form 144 sales of Common shares by two Morgan Creek funds. The excerpt lists sales on 02/18/2026 by Morgan Creek Blockchain Opportunities Fund, LP (352,847 shares) and Morgan Creek Blockchain Opportunities Fund II, LP (757,667 shares). The filing states these sales were made "pursuant to an effective registration statement and not Rule 144."

Insights

Equity Capital Markets Analyst

Two affiliated Morgan Creek funds reported registered resale transactions on 02/18/2026.

The filing lists two registered sales: 352,847 shares by Morgan Creek Blockchain Opportunities Fund, LP and 757,667 shares by Morgan Creek Blockchain Opportunities Fund II, LP, both dated 02/18/2026. The statement clarifies these sales were completed under an effective registration statement rather than under Rule 144.

These are resale disclosures showing selling‑holder activity; they do not by themselves indicate issuer dilution or use of proceeds. Subsequent filings or trade reports would be needed to quantify market impact or proceeds received by the selling holders.

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	Merrill Lynch 555 California Street 18th Floor San Francisco CA 94104	3085758	100719141.12	176100512	03/10/2026	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	02/18/2019	Private Placement	Issuer			3085758	02/18/2019	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
Morgan Creek Blockchain Opportunities Fund, LP 301 West Barbee Chapel Road Chapel Hill NC 27517	Common (These sales were made pursuant to an effective registration statement and not Rule 144)	02/18/2026	352847	10941730
Morgan Creek Blockchain Opportunities Fund II, LP 301 West Barbee Chapel Road Chapel Hill NC 27517	Common (These sales were made pursuant to an effective registration statement and not Rule 144)	02/18/2026	757667	23500866

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

What did Form 144 for FGRS disclose about the Morgan Creek funds?

The filing discloses registered resale transactions by two Morgan Creek funds on 02/18/2026. It lists 352,847 shares sold by Morgan Creek Blockchain Opportunities Fund, LP and 757,667 shares sold by Morgan Creek Blockchain Opportunities Fund II, LP.

Were the sales under Rule 144 or an effective registration statement?

The Form 144 states the sales were made "pursuant to an effective registration statement and not Rule 144." This indicates the resales relied on a registration statement rather than the Rule 144 safe harbor.

Does the Form 144 show proceeds went to the issuer or selling holders?

The excerpt identifies these as resale transactions by Morgan Creek funds; it does not state that proceeds were received by the issuer. The filing language attributes the sales to the selling holders under a registration statement.

On what date were the shares sold according to the filing?

The Form 144 lists the sales date as 02/18/2026 for both Morgan Creek Blockchain Opportunities Fund, LP and Morgan Creek Blockchain Opportunities Fund II, LP, with the specific share amounts disclosed.

How many total shares are shown as sold by the two funds?

The filing lists 352,847 shares for Morgan Creek Blockchain Opportunities Fund, LP and 757,667 shares for Morgan Creek Blockchain Opportunities Fund II, LP, totaling 1,110,514 shares in the disclosed resale rows.