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108,600-share planned sale filed for NASDAQ issuer (GTLB)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

A person associated with the issuer of NASDAQ-listed common stock has filed a notice to sell 108,600 common shares through Morgan Stanley Smith Barney, with an aggregate market value of $3,209,130.00. The filing notes 149,800,000 common shares outstanding at the issuer.

The 108,600 shares to be sold were acquired on August 28, 2015 as founders shares directly from the issuer. In the past three months, the SYTSE SIJBRANDIJ REVOCABLE TRUST conducted two Rule 10b5-1 sales of 54,300 common shares each, for gross proceeds of $1,952,378.22 and $2,114,773.23.

Positive

  • None.

Negative

  • None.

Insights

Planned founder-related sale is small versus shares outstanding and pre-arranged.

The filing describes a planned sale of 108,600 common shares against 149,800,000 shares outstanding, indicating a relatively small transaction compared with the issuer’s equity base. The shares are identified as founders shares acquired in 2015.

The disclosure also lists recent Rule 10b5-1 sales by the SYTSE SIJBRANDIJ REVOCABLE TRUST, totaling 108,600 shares over two transactions. Rule 10b5-1 plans are designed to structure trades in advance, and the representation language emphasizes that the seller states they are not aware of undisclosed material adverse information.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What share sale is disclosed for GTLB in this Form 144?

The notice covers a planned sale of 108,600 common shares of the NASDAQ-listed issuer, with an aggregate market value of $3,209,130.00. These shares are scheduled to be sold through Morgan Stanley Smith Barney’s Executive Financial Services unit.

How many GTLB shares are currently outstanding according to the notice?

The filing states there are 149,800,000 common shares outstanding for the issuer. This figure provides context for the 108,600-share planned sale, showing the transaction represents a small portion of the total equity base at the time of the notice.

When and how were the GTLB shares to be sold originally acquired?

The shares were acquired on August 28, 2015 as founders shares directly from the issuer. The table shows 108,600 common shares acquired on that date, with the nature of payment listed as “N/A,” indicating no additional detail on non-cash consideration in this excerpt.

What prior GTLB stock sales are disclosed for the last three months?

The notice lists two recent Rule 10b5-1 sales by the SYTSE SIJBRANDIJ REVOCABLE TRUST, each for 54,300 common shares. These occurred on December 15, 2025 and January 14, 2026, generating gross proceeds of $2,114,773.23 and $1,952,378.22, respectively.

Which broker is handling the planned GTLB share sale and on what exchange?

The planned sale will be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, based at New York Plaza. The securities listed are common shares traded on the NASDAQ, as specified in the Securities Information section of the notice.

What does the representation about material adverse information mean in this notice?

The signer represents they do not know any material adverse information about the issuer’s current or prospective operations that is not publicly disclosed. This statement supports compliance with securities rules when selling restricted or control securities under Rule 144 and any related Rule 10b5-1 plan.
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