Morgan Creek funds sell ~1.86M FGRS shares (NASDAQ: FGRS)

Rhea-AI Filing Summary

FGRS reported reported Form 144 sales by affiliated Morgan Creek entities. The excerpt lists sales of 352,847, 750,000, and 757,667 shares executed on 02/18/2026 and 03/10/2026

Shares outstanding were 176,100,512 as of 03/11/2026 (context only).

Insights

Securities Compliance Analyst

Form 144 reports timely dispositions by affiliated funds; filings document sale quantities and dates.

The excerpt lists three reported dispositions by Morgan Creek-related entities totaling reported share counts of 352,847, 750,000, and 757,667 on 02/18/2026 and 03/10/2026. The entries note transactions were made pursuant to an effective registration statement where indicated.

Cash‑flow treatment and broker details are not included in the excerpt; subsequent SEC filings or broker confirmations would state sale mechanics if required.

Corporate Governance Specialist

These are routine resale disclosures under Rule 144 procedures and related registration statements.

The filings identify the selling holders as Morgan Creek Blockchain Opportunities Fund, LP and Morgan Creek Blockchain Opportunities Fund II, LP with specific share counts and dollar figures adjacent to each row. The presence of dollar amounts suggests reported gross sale value for each disposition.

Timing and materiality appear routine; the excerpt ties a shares‑outstanding context number of 176,100,512 as of 03/11/2026. Further filings would show whether holdings changed materially post‑sale.

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	756728	29958861.52	176100512	03/11/2026	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			756728	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, LP 301 West Barbee Chapel Road Chapel Hill NC 27517	Common	03/10/2026	750000	24330000
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 shares did FGRS selling holders report on Form 144?

The filing lists reported sales of 352,847, 750,000, and 757,667 shares. These quantities are shown alongside transaction dates of 02/18/2026 and 03/10/2026 in the excerpt.

Who executed the reported sales for FGRS?

The excerpt identifies Morgan Creek Blockchain Opportunities Fund, LP and Morgan Creek Blockchain Opportunities Fund II, LP as the selling holders. Their names and addresses appear next to each reported share quantity in the filing excerpt.

Do the Form 144 entries state the proceeds received?

Dollar figures appear adjacent to each share line (for example 10,941,730 and 24,330,000), implying reported gross values. The excerpt does not provide a narrative explaining proceeds allocation.

How many FGRS shares were outstanding as shown in the excerpt?

The excerpt lists shares outstanding as 176,100,512 as of 03/11/2026. This figure is presented as a context line in the securities information section.

Were these sales made under Rule 144 or a registration statement?

The excerpt notes some sales were made "pursuant to an effective registration statement and not Rule 144." Specific lines mark which transactions used a registration statement versus Rule 144.