Lawrence Finch sells 41,961 MRAM shares; proceeds $1.44M (NASDAQ: MRAM)

Rhea-AI Filing Summary

Lawrence Finch reported a sale of 41,961 shares of Common Stock of MRAM on 05/11/2026, with aggregate proceeds of $1,438,756.12. The filing lists broker information for Morgan Stanley Smith Barney LLC. The notice is a Rule 144 disclosure of securities activity by an affiliate.

Insights

Securities Compliance Analyst

Routine Rule 144 sale notice by an affiliate; transaction is administrative disclosure.

The filing documents a sale of $1,438,756.12 for 41,961 shares on 05/11/2026. It includes broker details for Morgan Stanley Smith Barney LLC and identifies the seller as Lawrence Finch.

The primary implication is regulatory transparency: this notice records an affiliate sale under resale conditions. Subsequent filings would show additional dispositions if they occur.

Key Figures

Shares sold: 41,961 shares Aggregate proceeds: $1,438,756.12 Broker-dealer listed: Morgan Stanley Smith Barney LLC

3 metrics

Shares sold 41,961 shares sale dated 05/11/2026

Aggregate proceeds $1,438,756.12 proceeds from 05/11/2026 sale

Broker-dealer listed Morgan Stanley Smith Barney LLC broker information in Form 144 cover data

Key Terms

Rule 144, Private Acquisition from Issuer/Affiliate, Broker-dealer

3 terms

Rule 144 regulatory

"The filing is a Rule 144 notice of securities activity by an affiliate"

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.

Private Acquisition from Issuer/Affiliate financial

"Securities acquired 10/13/2016 listed as Private Acquisition from Issuer/Affiliate"

Broker-dealer other

"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

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	268130	7079195.07	23447577	05/29/2026	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	10/13/2016	Private Acquisition from Issuer/Affiliate	Issuer			268130	10/13/2016	Not Applicable

* 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
Lawrence Finch 5670 W. Chandler Boulevard, Suite 130 Chandler AZ 85226	Common	05/11/2026	41961	1438756.12

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 did the MRAM Form 144 filed by Lawrence Finch report?

It reported the sale of 41,961 shares of MRAM common stock on 05/11/2026, with aggregate proceeds of $1,438,756.12. The filing names Morgan Stanley Smith Barney LLC as the broker handling the transaction.

Does the Form 144 indicate who brokered the MRAM sale?

Yes. The filing lists Morgan Stanley Smith Barney LLC (1 New York Plaza) as the broker-dealer associated with the transaction, providing the broker's identifying information alongside the seller's sale details.

How much did Lawrence Finch receive from the MRAM sale?

The reported aggregate proceeds from the sale were $1,438,756.12 for 41,961 shares. The filing binds the proceeds to the specific sale date of 05/11/2026 as shown in the notice.

What type of disclosure is this MRAM filing and why is it filed?

This is a Rule 144 notice, a regulatory disclosure required when affiliates or control persons sell restricted or control securities. It records the proposed or completed resale activity for transparency under securities rules.