Holder of L (NYSE: L) plans 250,000-share Rule 144 stock sale

Rhea-AI Filing Summary

A shareholder filed a Rule 144 notice to sell 250,000 shares of the issuer’s common stock, par value $0.01 per share. The planned sale has an aggregate market value of $27,502,500 and is to be executed through Watermill Institutional Trading, LLC on the NYSE, with an approximate sale date of February 13, 2026. The notice also lists multiple prior open‑market sales by Andrew H. Tisch over the past three months, each ranging from 30,000 to 70,000 common shares.

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, par value $0.01 per share	Watermill Institutional Trading, LLC 111 Town Square Place Suite 1520 Jersey City NJ 07310	250000	27502500.00	206052874	02/13/2026	NYSE

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, par value $0.01 per share	02/22/2024	Trust Contribution	See Remarks (1)			50000	02/22/2024	N/A
Common Stock, par value $0.01 per share	03/15/2024	Trust Contribution	See Remarks (1)			75000	03/15/2024	N/A
Common Stock, par value $0.01 per share	05/07/2024	Trust Contribution	See Remarks (1)			25000	05/07/2024	N/A
Common Stock, par value $0.01 per share	12/06/2024	Trust Contribution	See Remarks (1)			100000	12/06/2024	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
Andrew H. Tisch 9 West 57th Street New York NY 10019-2714	Common	12/01/2025	70000	7449090.10
Andrew H. Tisch 9 West 57th Street New York NY 10019-2714	Common	12/04/2025	30000	3144202.90
Andrew H. Tisch 9 West 57th Street New York NY 10019-2714	Common	12/15/2025	50000	5253500.00
Andrew H. Tisch 9 West 57th Street New York NY 10019-2714	Common	02/12/2026	50000	5513575.00

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 the Rule 144 filing for symbol L disclose?

The filing discloses a planned sale of common stock under Rule 144. It specifies 250,000 shares with an aggregate market value of $27,502,500, to be sold on the NYSE through Watermill Institutional Trading, LLC around February 13, 2026.

How many L shares are planned to be sold and at what value?

The shareholder plans to sell 250,000 common shares. The notice states an aggregate market value of $27,502,500 for this block, indicating the approximate dollar size of the intended Rule 144 transaction on the New York Stock Exchange.

Who is the selling security holder mentioned in the L Rule 144 notice?

The past three months’ sales table lists Andrew H. Tisch as the seller of common shares. The filing aggregates information for the person for whose account the securities are to be sold, consistent with Rule 144 disclosure requirements for affiliated or large shareholders.

What recent L stock sales by the holder are reported in the filing?

The document lists four recent sales of common stock by Andrew H. Tisch: 70,000 shares on December 1, 2025, 30,000 on December 4, 2025, 50,000 on December 15, 2025, and 50,000 on February 12, 2026, each with specified gross proceeds.

What are the acquisition details for the L shares being sold?

The common shares to be sold were acquired via Trust Contributions on four dates in 2024. These occurred on February 22, March 15, May 7, and December 6, 2024, with associated acquisitions of 50,000, 75,000, 25,000, and 100,000 shares, respectively, and payment nature noted as N/A.

How many L shares are outstanding according to the Rule 144 notice?

The filing reports 206,052,874 common shares outstanding for the issuer. This figure provides context for the planned 250,000‑share Rule 144 sale, showing the relative size of the transaction compared to the total share count.