NAVN (NASDAQ) Form 144: Broker files notice to sell 41,530 Class A shares

Rhea-AI Filing Summary

NAVN affiliate Morgan Stanley Smith Barney LLC submitted a Form 144 notice describing proposed sale of Class A Common Stock. The filing lists 41,530 shares and references Restricted Stock Units dated 04/24/2025. The listing shows 06/22/2026 and NASDAQ as the market; the filing attributes the securities to an intermediary at 1 New York Plaza, New York.

Insights

Equity Capital Markets Analyst

Routine affiliate resale notice for Class A shares; limited immediate impact.

The excerpt lists a proposed sale of 41,530 shares of Class A Common Stock via Morgan Stanley Smith Barney LLC as the broker-dealer intermediary. The filing also references Restricted Stock Units dated 04/24/2025.

Cash-flow treatment and seller identity beyond the broker-dealer are not detailed in the provided excerpt; subsequent trading activity will depend on whether and when the shares are actually offered on NASDAQ.

Key Figures

Form type: Form 144 Shares listed: 41,530 shares RSU date: 04/24/2025 +3 more

6 metrics

Form type Form 144 resale notice

Shares listed 41,530 shares Class A Common Stock listed to be sold

RSU date 04/24/2025 Restricted Stock Units referenced in filing

Market reference NASDAQ market field in the excerpt

Broker address 1 New York Plaza, 8th Floor Morgan Stanley Smith Barney LLC contact

Filing date field 06/22/2026 date shown in securities information

Key Terms

Form 144, Restricted Stock Units, Class A Common Stock

3 terms

Form 144 regulatory

"submitted a Form 144 notice describing proposed sale"

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

"Restricted Stock Units dated 04/24/2025"

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.

Class A Common Stock financial

"proposed sale of Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

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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
Class A Common Stock	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza, 8th Floor New York NY 10004	41530	909922.3	240509434	06/22/2026	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 *
Class A Common Stock	04/24/2025	Restricted Stock Units	Issuer			41530	04/24/2025	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

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 NAVN's Form 144 disclose?

It discloses a proposed sale of Class A Common Stock. The excerpt lists 41,530 shares and references Restricted Stock Units dated 04/24/2025 with Morgan Stanley Smith Barney LLC named as intermediary.

Who is listed as the broker or intermediary on the filing?

The filing names Morgan Stanley Smith Barney LLC at 1 New York Plaza, 8th Floor, New York, NY. That entity is shown as the intermediary for the proposed sale of the Class A shares.

Does the Form 144 indicate where the shares will trade?

Yes; the excerpt shows NASDAQ as the market referenced. The document also lists a date of 06/22/2026 alongside the market field.

Are the securities being sold from vested awards or RSUs?

The excerpt references Restricted Stock Units dated 04/24/2025, suggesting the position is connected to RSUs. The filing does not detail vesting or settlement mechanics in this excerpt.

Does this Form 144 mean the shares have already been sold?

No; Form 144 is a notice of a proposed resale by an affiliate. The excerpt lists the proposed sale quantity of 41,530 shares but does not state that a sale has occurred or completed.