Morgan Stanley Smith Barney (MA) files Rule 144: 1,977-option exercise; 4,828 shares sold

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Rule 144 notice relating to common stock transactions and an exercise of stock options reported on 07/02/2026. The filing lists 1,977 shares in connection with the option exercise and two 10b5-1 sales on 07/01/2026 for 2,000 shares and 2,828 shares with reported proceeds of $1,050,000.00 and $1,484,700.00, respectively.

Insights

Securities Compliance Analyst

Rule 144 notice documents option exercise and 10b5-1 sales.

The filing records an exercise of stock options for 1,977 shares effective 07/02/2026 and two brokered 10b5-1 dispositions on 07/01/2026 of 2,000 and 2,828 shares with the listed proceeds. The transactions are presented as routine compliance items.

Cash‑flow treatment and ultimate receiving party specifics beyond the reported proceeds are not detailed in the excerpt; subsequent filings may provide transfer or settlement details if material.

Key Figures

Option exercise shares: 1,977 shares 10b5-1 sale A: 2,000 shares Proceeds from sale A: $1,050,000.00 +2 more

5 metrics

Option exercise shares 1,977 shares exercise of stock options on <date>07/02/2026</date>

10b5-1 sale A 2,000 shares 10b5-1 sale on <date>07/01/2026</date>

Proceeds from sale A $1,050,000.00 proceeds reported for the 2,000-share 10b5-1 sale on <date>07/01/2026</date>

10b5-1 sale B 2,828 shares 10b5-1 sale on <date>07/01/2026</date>

Proceeds from sale B $1,484,700.00 proceeds reported for the 2,828-share 10b5-1 sale on <date>07/01/2026</date>

Key Terms

Rule 144, 10b5-1, exercise of stock options

3 terms

Rule 144 regulatory

"144: Securities To Be Sold"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

10b5-1 regulatory

"10b5-1 Sales for RAJ SESHADRI"

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.

exercise of stock options financial

"Common | 07/02/2026 | Exercise of Stock Options"

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Available on EDGAR 07/02/2026 - 04:34 PM Accepted by SEC EDGAR 07/02/2026 - 04:33 PM Learn about SEC filing dates

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	1977	1032863.88	877036230	07/02/2026	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	07/02/2026	Exercise of Stock Options	Issuer			1977	07/02/2026	Cash

* 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 RAJ SESHADRI 2000 Purchase Street Purchase NY 10577	Common	07/01/2026	2000	1050000.00
10b5-1 Sales for RAJ SESHADRI 2000 Purchase Street Purchase NY 10577	Common	07/01/2026	2828	1484700.00

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)

FAQ

What does the Form 144 for MA report?

It reports an exercise of stock options for 1,977 shares dated 07/02/2026 and two 10b5-1 sales on 07/01/2026 of 2,000 and 2,828 shares with listed proceeds.

How many shares were sold under the 10b5-1 sales in the filing?

The filing lists two 10b5-1 sales of common stock: 2,000 shares and 2,828 shares, both dated 07/01/2026, with amounts reported alongside each sale.

What proceeds are shown for the 10b5-1 transactions?

Proceeds reported are $1,050,000.00 for the 2,000-share sale and $1,484,700.00 for the 2,828-share sale, each listed on 07/01/2026 in the excerpt.

Does the Form 144 specify who received the cash proceeds?

The excerpt shows the sale proceeds amounts but does not identify the ultimate recipient or whether proceeds were paid to the issuer or selling holder; the filing text does not state the cash‑flow recipient.