GNLX (NASDAQ) director sells 10,000 shares via 10b5-1, $28,957 proceeds

Rhea-AI Filing Summary

GNLX reported a Form 144 filing disclosing a 10b5-1 sale of common stock. The filing shows Johnny Thomas sold 10,000 shares on 03/02/2026 under a 10b5-1 plan with Morgan Stanley Smith Barney LLC listed as the broker; proceeds shown were $28,957.00.

Insights

Corporate Governance Analyst

Routine insider disposition under a pre‑arranged plan; limited immediate signal.

This Form 144 records a sale of 10,000 common shares by Johnny Thomas executed pursuant to a 10b5-1 plan on 03/02/2026. The filing lists Morgan Stanley Smith Barney LLC as the executing broker.

Pre-arranged 10b5-1 sales are typically liquidity transactions; subsequent filings may show whether this reflects ongoing systematic sales. The filing itself does not state broader company operational impacts.

Key Figures

Shares sold: 10,000 shares Proceeds: $28,957.00 Form filing date: 06/01/2026

3 metrics

Shares sold 10,000 shares 10b5-1 sale dated 03/02/2026

Proceeds $28,957.00 Proceeds shown for the 10,000-share sale on 03/02/2026

Form filing date 06/01/2026 Form 144 header date

Key Terms

10b5-1, Form 144, Founders Shares

3 terms

10b5-1 regulatory

"10b5-1 Sales for JOHNNY THOMAS 2625 Townsgate Rd"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

Form 144 regulatory

"Filer Information | 144: Filer Information"

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.

Founders Shares financial

"Common | 08/01/2002 | Founders Shares"

Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/01/2026 - 04:32 PM Learn about SEC filing dates

FAQ

What did the GNLX Form 144 disclose?

Direct answer: It disclosed a 10b5-1 sale by Johnny Thomas of 10,000 common shares on 03/02/2026 for $28,957.00. Context: Morgan Stanley Smith Barney LLC is listed as the broker and the filing is a notice of an insider resale transaction.

Does the Form 144 show proceeds or price for the GNLX sale?

Direct answer: Yes — the sale line shows proceeds of $28,957.00 tied to the 10,000‑share transaction on 03/02/2026. Context: The line is presented as the realized amount in the 10b5-1 sales row of the filing.

Was the GNLX sale part of a 10b5-1 plan?

Direct answer: Yes — the filing explicitly labels the transaction as a 10b5-1 Sale for Johnny Thomas. Context: A 10b5-1 plan indicates the sale was executed under a pre-arranged trading plan rather than an ad-hoc open-market decision.

Who executed the GNLX transaction listed in Form 144?

Direct answer: Morgan Stanley Smith Barney LLC is named in the filing as the executing broker for the transaction. Context: The broker and address are included on the Form 144 header information alongside the seller details.

When was the Form 144 for GNLX filed?

Direct answer: The filing header includes the date 06/01/2026. Context: The sale itself is dated 03/02/2026 in the 10b5-1 sales row; the header date appears as the form's filing date.

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	10000	30500.00	44840416	06/01/2026	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	08/01/2002	Founders Shares	ISSUER			10000	08/01/2002	N/A

* 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
10b5-1 Sales for JOHNNY THOMAS 2625 Townsgate Rd, Suite 230 Westlake Village CA 91361	Common	03/02/2026	10000	28957.00

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)