FRMI (Nasdaq: FRMI) Form 144 lists 500,000 RSUs; Morgan Stanley broker

Rhea-AI Filing Summary

The company disclosed a Form 144 notice showing a proposed sale related to equity compensation. The record lists a Restricted Stock Unit grant of 500,000 shares dated 04/06/2026, with the Form 144 entry dated 06/03/2026. The filing names Morgan Stanley Smith Barney LLC as the broker/agent.

Insights

Securities Compliance Analyst

Form 144 flags an affiliate-proposed sale tied to a recent RSU grant.

The filing lists a Restricted Stock Unit grant of 500,000 shares dated 04/06/2026 and a Form 144 entry dated 06/03/2026. This form notifies the market of a planned sale by an affiliate and signals use of a broker-dealer, here Morgan Stanley Smith Barney LLC.

Timing and exact sale mechanics are not disclosed in the excerpt; subsequent transaction details will appear in dealer reports or an executed Form 4 if sales occur.

Equity Compensation Specialist

The notice ties a proposed resale to an equity compensation award rather than an open-market purchase.

The entry explicitly labels the instrument as a Restricted Stock Unit Grant and classifies the source as Issuer. That indicates the underlying shares originate from compensation rather than secondary-holder inventory.

How and when proceeds are realized depends on the holder's election and any transfer/vesting rules; those details are not present in the provided excerpt.

Key Figures

RSU grant: 500,000 shares Form 144 entry date: 06/03/2026 Broker/agent: Morgan Stanley Smith Barney LLC

3 metrics

RSU grant 500,000 shares Restricted Stock Unit Grant dated <date>04/06/2026</date>

Form 144 entry date <date>06/03/2026</date> Date associated with the Form 144 record in the excerpt

Broker/agent Morgan Stanley Smith Barney LLC Named broker/agent for the proposed resale on the Form 144

Key Terms

Restricted Stock Unit (RSU), Form 144, Equity Compensation

3 terms

Restricted Stock Unit (RSU) financial

"Restricted Stock Unit Grant | Issuer | 500000 | 04/06/2026"

A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.

Form 144 regulatory

"Filer Information | Issuer Information | 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.

Equity Compensation financial

"Restricted Stock Unit Grant | Issuer | Equity Compensation"

Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.

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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 Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	158541	1001689.38	637574239	06/03/2026	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 Stock	04/06/2026	Restricted Stock Unit Grant	Issuer			500000	04/06/2026	Equity Compensation

* 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

What does FRMI's Form 144 disclose?

The filing notifies a proposed sale by an affiliate and lists a 500,000-share RSU grant dated 04/06/2026. It names Morgan Stanley Smith Barney LLC as broker and shows the Form 144 entry dated 06/03/2026.

Does the Form 144 mean shares were sold for FRMI?

No; the Form 144 is a notice of an intended sale by an affiliate, not proof of a completed sale. Completed transactions would appear in subsequent broker reports or a Form 4 if applicable.

What securities are involved in the FRMI notice?

The notice references Common Stock tied to a Restricted Stock Unit (RSU) grant of 500,000 shares dated 04/06/2026, classified under equity compensation from the issuer.

Who is the broker listed on the FRMI Form 144?

The broker or agent named in the excerpt is Morgan Stanley Smith Barney LLC, with an address shown as part of the filing. The broker is listed in connection with the proposed resale.

When was the Form 144 entry recorded for FRMI?

The Form 144 entry in the excerpt is dated 06/03/2026. The RSU grant referenced is dated 04/06/2026, indicating the grant predates the notice.