GDEV Insider Files Rule 144 to Sell 7,630 Shares on NASDAQ

Rhea-AI Filing Summary

Form 144 filed for proposed sale of securities. The filing discloses a proposed sale of 7,630 shares of Common Stock with an aggregate market value of $116,357.50, with an approximate sale date of 09/09/2025 on NASDAQ through Vanguard Brokerage Services. The shares were acquired as grants from Andrew Sheppard: 2,409 shares on 10/18/2023 and 5,221 shares on 06/10/2025, both described as earned through directorship. The filing reports no securities sold in the past three months and includes the standard representation that the seller is not aware of undisclosed material adverse information.

Positive

• Proposed sale fully disclosed with broker, share count, aggregate value, exchange, and approximate sale date
• Acquisition details provided showing grant dates, amounts, and that shares were earned through directorship
• No sales in the past three months reported for the selling person, which clarifies recent insider activity

Negative

• Issuer contact fields are blank or not provided in the filing template, limiting issuer identification inside the form content
• Number of shares outstanding reported as 0 in the securities table, which is ambiguous and may be a reporting artifact

Insights

Corporate Governance Expert

TL;DR: Routine director equity sale notice; timing and source of shares are disclosed.

The filing is a standard Rule 144 notice documenting a director-originated equity sale. It clearly identifies the broker, planned sale date, and the grant dates and amounts, which supports transparency about insider liquidity. The representation regarding absence of undisclosed material information is included as required. The filing omits some issuer contact fields present in the template, but it still provides the core sale details investors need to track insider disposition activity.

Securities Analyst

TL;DR: Disclosure shows modest insider sale size relative to typical market activity; no prior recent sales reported.

The disclosed aggregate value of $116,357.50 for 7,630 shares indicates a relatively small insider disposition on an absolute basis. The report confirms no sales by the person in the past three months, and specifies the grants were compensation for directorships on two dates. The document is procedural and does not include performance or financial data affecting valuation; it serves primarily as compliance disclosure of an intended 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 Stock	Vanguard Brokerage Services 5951 Luckett Court, Suite A1 El Paso TX 19355	7630	116357.50	0	09/09/2025	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	10/18/2023	Grant	Andrew Sheppard			2409	10/18/2023	Earned through directorship
Common Stock	06/10/2025	Grant	Andrew Sheppard			5221	06/10/2025	Earned through directorship

* 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

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 insider sale does the GDEV Form 144 disclose?

The filing discloses a proposed sale of 7,630 common shares with aggregate market value $116,357.50 scheduled approximately for 09/09/2025.

Through which broker and exchange will the GDEV sale occur?

The sale is listed through Vanguard Brokerage Services and the securities exchange is noted as NASDAQ.

When and how were the securities being sold acquired?

The shares were acquired as grants from Andrew Sheppard: 2,409 shares on 10/18/2023 and 5,221 shares on 06/10/2025, described as earned through directorship.

Has the selling person sold any issuer securities in the past three months?

The filing states "Nothing to Report" for securities sold during the past three months.

Does the filer state they possess undisclosed material information about the issuer?

By signing, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.