Jagadeesh Reddy files Form 144 to sell 17,294 RSUs (MEC)

Rhea-AI Filing Summary

Jagadeesh A. Reddy filed a Form 144 proposing the sale of 17,294 restricted stock units. The filing lists these securities as Restricted Stock Units with an original grant date of 02/28/2024.

The filing also records prior reported 10b5-1 sales: 21,796 shares sold on 05/07/2026 for $564,995.91. The broker/dealer listed is Morgan Stanley Smith Barney LLC Executive Financial Services.

Insights

Insider Transactions Compliance Specialist

Routine Form 144 sale notice for RSUs under a 10b5-1 plan; prior sales disclosed.

The filing documents a proposed sale of 17,294 Restricted Stock Units and cites prior 10b5-1 sales of 21,796 shares on 05/07/2026 for $564,995.91. This is a regulatory notice to enable an open-market/transaction plan under Rule 144 procedures.

Cash‑flow treatment and sale mechanics are not detailed in the excerpt; subsequent broker confirmations or Form 4/Form 5 filings may provide final disposition details.

Key Figures

Proposed sale: 17,294 shares Prior sale quantity: 21,796 shares Proceeds from prior sale: $564,995.91

3 metrics

Proposed sale 17,294 shares Restricted Stock Units, grant date 02/28/2024

Prior sale quantity 21,796 shares 10b5-1 sale on 05/07/2026

Proceeds from prior sale $564,995.91 Proceeds reported for sale on 05/07/2026

Key Terms

Restricted Stock Units, 10b5-1, Form 144

3 terms

Restricted Stock Units financial

"Common | 02/28/2024 | Restricted Stock Units | Issuer"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

10b5-1 regulatory

"10b5-1 Sales for JAGADEESH A REDDY"

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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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

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	17294	464343.90	20494006	06/01/2026	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	02/28/2024	Restricted Stock Units	Issuer			17294	02/28/2024	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
10b5-1 Sales for JAGADEESH A REDDY 135 S. 84th Street, Suite 300 Milwaukee WI 53214	Common	05/07/2026	21796	564995.91

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 Jagadeesh A. Reddy's Form 144 (MEC) disclose?

The Form 144 discloses a proposed sale of 17,294 Restricted Stock Units with grant date 02/28/2024. It also records prior 10b5-1 sales of 21,796 shares on 05/07/2026 for $564,995.91.

How many shares were reported sold recently by the filer?

The filing shows 21,796 shares sold on 05/07/2026. The reported proceeds for that sale were $564,995.91, as stated in the excerpt.

What type of securities are being offered in the Form 144?

The securities listed for proposed sale are Restricted Stock Units (RSUs), originally dated 02/28/2024, according to the filing excerpt.

Who is the broker/dealer handling the proposed sale?

The broker/dealer named in the excerpt is Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY.

Does the Form 144 indicate whether the sale is pursuant to a 10b5-1 plan?

Yes. The excerpt references 10b5-1 Sales in connection with the filer, indicating planned sales under a 10b5-1 arrangement for disclosed transactions.