20,000-share Form 144 filed by Morgan Stanley Smith Barney (NASDAQ: MXL)

Rhea-AI Filing Summary

MXL: Morgan Stanley Smith Barney LLC filed a Form 144 to sell 20,000 shares of common stock. The filing lists restricted stock lots from 08/20/2019 (8,505 shares), 11/20/2019 (2,127 shares), 02/20/2020 (1,922 shares), 05/20/2024 (1,517 shares) and 02/20/2025 (5,929 shares) as the source of the shares to be sold.

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Equity Capital Markets Analyst

TL;DR: A broker-dealer submitted a Form 144 notice for the proposed sale of 20,000 common shares tied to multiple restricted stock grants.

The filing notifies the market that 20,000 shares are proposed for sale under Rule 144, with the shares sourced from specific restricted stock grants dated 08/20/2019, 11/20/2019, 02/20/2020, 05/20/2024, and 02/20/2025

Timing, distribution methods, and whether the issuer or any affiliate will receive proceeds are not stated in the excerpt; subsequent transactions will depend on market mechanics and any resale limitations tied to the restricted awards.

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	20000	349918.00	86451150	03/04/2026	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	11/20/2019	Restricted Stock	Issuer			2127	11/20/2019	Not Applicable
Common	08/20/2019	Restricted Stock	Issuer			8505	08/20/2019	Not Applicable
Common	02/20/2025	Restricted Stock	Issuer			5929	02/20/2025	Not Applicable
Common	05/20/2024	Restricted Stock	Issuer			1517	05/20/2024	Not Applicable
Common	02/20/2020	Restricted Stock	Issuer			1922	02/20/2020	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

Nothing to Report

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 does the MXL Form 144 filing announce?

It reports a proposed sale of 20,000 common shares under Rule 144. The notice lists specific restricted stock grants dated between 08/20/2019 and 02/20/2025 as the source of the shares to be sold.

Who filed the Form 144 for MXL?

The filing was submitted by Morgan Stanley Smith Barney LLC Executive Financial Services. It appears in a broker-dealer capacity notifying the market of the proposed resale activity for the listed restricted shares.

Which restricted stock grants are listed as the source for the sale?

The notice lists grants dated 08/20/2019 (8,505), 11/20/2019 (2,127), 02/20/2020 (1,922), 05/20/2024 (1,517), and 02/20/2025 (5,929). These lot counts are shown in the filing excerpt.

Does the Form 144 state how proceeds will be used or who receives them?

The provided excerpt does not state the use of proceeds or the recipient. The notice lists the broker-dealer and the lots being sold but does not describe cash-flow treatment in the excerpt.