Form 144 lists 4,714 restricted shares; Shelly Brown 10b5-1 sales (MIAX)

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 notice relating to 4,714 shares of Common stock described as Restricted Stock Awards. The filing also lists multiple 10b5-1 sales by Shelly Brown on several dates, including 25,932 shares on 03/23/2026 and smaller sales in April–June 2026.

Insights

Equity-Registration Specialist

Form 144 lists a small registered resale and recent Rule 10b5-1 sales.

The filing registers 4,714 shares of Common stock labeled as Restricted Stock Awards. It separately documents a series of 10b5-1 dispositions by Shelly Brown across March–June 2026, with specific per-trade share counts and gross proceeds shown.

Timing and cash-flow treatment for the registered shares are not detailed beyond the listing; subsequent filings would show completion or settlements if they occur.

Key Figures

Shares listed to be sold: 4,714 shares 10b5-1 sale on 03/23/2026: 25,932 shares 10b5-1 sale on 06/02/2026: 16,000 shares +4 more

7 metrics

Shares listed to be sold 4,714 shares Securities To Be Sold; Restricted Stock Awards

10b5-1 sale on 03/23/2026 25,932 shares Sale by Shelly Brown on 03/23/2026 with proceeds $1,019,979.58

10b5-1 sale on 06/02/2026 16,000 shares Sale by Shelly Brown on 06/02/2026 with proceeds $673,961.60

10b5-1 sale on 05/04/2026 16,000 shares Sale by Shelly Brown on 05/04/2026 with proceeds $756,491.20

10b5-1 sale on 04/08/2026 16,434 shares Sale by Shelly Brown on 04/08/2026 with proceeds $691,467.12

10b5-1 sale on 04/07/2026 900 shares Sale by Shelly Brown on 04/07/2026 with proceeds $37,800.00

10b5-1 sale on 04/06/2026 2,357 shares Sale by Shelly Brown on 04/06/2026 with proceeds $97,419.76

Key Terms

10b5-1, Restricted Stock Awards, Form 144

3 terms

10b5-1 regulatory

"10b5-1 Sales for SHELLY BROWN 7 Roszel Road, Suite 1A Princeton"

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.

Restricted Stock Awards financial

"Common | 06/10/2026 | Restricted Stock Awards"

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

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.

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Available on EDGAR 06/15/2026 - 04:54 PM Accepted by SEC EDGAR 06/15/2026 - 04:53 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	4714	204069.06	94907086	06/15/2026	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	06/10/2026	Restricted Stock Awards	Issuer			4714	06/10/2026	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 SHELLY BROWN 7 Roszel Road, Suite 1A Princeton NJ 08540	Common	06/02/2026	16000	673961.60
10b5-1 Sales for SHELLY BROWN 7 Roszel Road, Suite 1A Princeton NJ 08540	Common	05/04/2026	16000	756491.20
10b5-1 Sales for SHELLY BROWN 7 Roszel Road, Suite 1A Princeton NJ 08540	Common	04/08/2026	16434	691467.12
10b5-1 Sales for SHELLY BROWN 7 Roszel Road, Suite 1A Princeton NJ 08540	Common	04/07/2026	900	37800.00
10b5-1 Sales for SHELLY BROWN 7 Roszel Road, Suite 1A Princeton NJ 08540	Common	04/06/2026	2357	97419.76
10b5-1 Sales for SHELLY BROWN 7 Roszel Road, Suite 1A Princeton NJ 08540	Common	03/23/2026	25932	1019979.58

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)