MQ: 20,536 RSUs listed; insider 10b5-1 sales recorded (MQ)

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 reporting proposed sales of Common stock tied to Restricted Stock Units. The filing lists 20,536 shares with an intended sale date of 06/12/2025 and records three 10b5-1 sales of 2,853 shares each on 03/16/2026, 04/15/2026, and 05/15/2026.

Insights

Securities Compliance Attorney

Routine resale notice tied to RSUs and prior 10b5-1 activity.

The filing lists Restricted Stock Units and an offering count of 20,536 shares with an intended sale date of 06/12/2025. It also documents three executed 10b5-1 sales of 2,853 shares each on specific dates in 2026.

Qualifiers in the excerpt indicate the transactions used a 10b5-1 plan; cash‑flow treatment or purchaser identities are not detailed in the provided excerpt. Subsequent filings may report completion or settlement details.

Key Figures

Shares listed for sale: 20,536 shares 10b5-1 sale size (each): 2,853 shares Proceeds recorded (03/16/2026): $11,356.94 +2 more

5 metrics

Shares listed for sale 20,536 shares Securities To Be Sold entry, <date>06/12/2025</date>

10b5-1 sale size (each) 2,853 shares Recorded sales on <date>03/16/2026</date>, <date>04/15/2026</date>, <date>05/15/2026</date>

Proceeds recorded (03/16/2026) $11,356.94 10b5-1 sale on <date>03/16/2026</date>

Proceeds recorded (04/15/2026) $11,751.22 10b5-1 sale on <date>04/15/2026</date>

Proceeds recorded (05/15/2026) $10,980.91 10b5-1 sale on <date>05/15/2026</date>

Key Terms

Form 144, Restricted Stock Units, 10b5-1

3 terms

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.

Restricted Stock Units financial

"Securities To Be Sold | 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 MARTHA A CUMMINGS ... 05/15/2026"

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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

Add on Google Not now

Available on EDGAR 06/12/2026 - 04:42 PM Accepted by SEC EDGAR 06/12/2026 - 04:42 PM Learn about SEC filing dates

FAQ

What does Morgan Stanley Smith Barney LLC's Form 144 say about the shares being sold?

The Form 144 lists sales of Common stock tied to Restricted Stock Units and shows 20,536 shares with a planned sale date of 06/12/2025, identifying the securities as Restricted Stock Units and common shares.

Who executed recent 10b5-1 sales noted in the filing for MQ?

The excerpt attributes three 10b5-1 sales to Martha A Cummings, each for 2,853 shares on 03/16/2026, 04/15/2026, and 05/15/2026 as shown in the filing.

How many shares were sold in the recent 10b5-1 transactions shown?

Each recorded 10b5-1 transaction involved 2,853 shares, totaling 8,559 shares across the three dates listed (03/16/2026 to 05/15/2026), per the excerpted entries.

Does the Form 144 specify proceeds or purchasers for the proposed sale?

The provided excerpt gives dollar amounts adjacent to each 10b5-1 sale entry but does not identify purchasers; detailed cash‑flow treatment or buyer identities are not specified in the text shown.

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	20536	77626.08	391222103	06/12/2026	NASDAQ

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	06/12/2025	Restricted Stock Units	Issuer			20536	06/12/2025	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 MARTHA A CUMMINGS 180 Grand Avenue 6th Floor OAKLAND CA 94612	Common	05/15/2026	2853	10980.91
10b5-1 Sales for MARTHA A CUMMINGS 180 Grand Avenue 6th Floor OAKLAND CA 94612	Common	04/15/2026	2853	11751.22
10b5-1 Sales for MARTHA A CUMMINGS 180 Grand Avenue 6th Floor OAKLAND CA 94612	Common	03/16/2026	2853	11356.94

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)