Restricted-stock Form 144 and affiliate sale details for Nasdaq (NDAQ)

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC Executive Financial Services submitted a Form 144 notice relating to proposed sales of restricted common stock and records a recent sale by an affiliate. The filing lists proposed restricted-stock items dated 04/01/2026, 04/03/2026, and a prior Employee Stock Purchase Plan item dated 12/31/2021.

The filing also records a sale by Michelle Daly of 4,339 shares on 02/19/2026 for $352,934.69. Timing and final sale mechanics for the listed restricted-stock items are described as issuer-originated awards in the table.

Insights

Compliance Counsel

Routine Form 144 notice documenting affiliate resale activity and issuer-originated restricted shares.

The filing lists multiple restricted stock items granted by the issuer with counts of 430, 361, 403, and 130 tied to award dates. These entries appear as issuer-originated awards rather than open-market transactions.

It also records a completed sale by Michelle Daly of 4,339 shares on 02/19/2026 for $352,934.69. This is a disclosure of affiliate activity; any compliance review should verify Rule 144 conditions such as holding periods and notice requirements.

Key Figures

Recent affiliate sale: 4,339 shares Proceeds from recent sale: $352,934.69 Restricted stock — 04/01/2026: 430 shares +4 more

7 metrics

Recent affiliate sale 4,339 shares sold on 02/19/2026

Proceeds from recent sale $352,934.69 sale on 02/19/2026 by Michelle Daly

Restricted stock — 04/01/2026 430 shares restricted stock grant dated 04/01/2026

Restricted stock — 04/01/2026 361 shares restricted stock grant dated 04/01/2026

Restricted stock — 04/03/2026 403 shares restricted stock grant dated 04/03/2026

Employee Stock Purchase Plan 130 shares plan item dated 12/31/2021 (cash)

Filing date reference 04/24/2026 filing record date shown in header

Key Terms

Restricted Stock, Employee Stock Purchase Plan, Form 144

3 terms

Restricted Stock financial

"Securities To Be Sold | Common | 04/01/2026 | Restricted Stock"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Employee Stock Purchase Plan financial

"Common | 12/31/2021 | Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Form 144 regulatory

"CONTENT METADATA: "form_type": "144""

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.

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	1324	117602.13	565540798	04/24/2026	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	04/01/2026	Restricted Stock	Issuer			430	04/01/2026	Not Applicable
Common	04/01/2026	Restricted Stock	Issuer			361	04/01/2026	Not Applicable
Common	04/03/2026	Restricted Stock	Issuer			403	04/03/2026	Not Applicable
Common	12/31/2021	Employee Stock Purchase Plan	Issuer			130	12/31/2021	Cash

* 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
MICHELLE DALY 151 W. 42nd Street, New York NY 10036	Common	02/19/2026	4339	352934.69

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 NDAQ Form 144 list for proposed restricted-stock items?

The filing lists restricted-stock items of 430, 361, 403, and 130 shares tied to award dates. These entries are shown as issuer awards with dates including 04/01/2026 and 04/03/2026.

Did an affiliate of NDAQ recently sell shares?

Yes. The filing records Michelle Daly selling 4,339 shares on 02/19/2026 for $352,934.69. That sale is disclosed in the "Securities Sold During The Past 3 Months" section.

Are the listed restricted shares being sold on the open market?

The table shows the restricted shares as issuer-originated awards, not explicit open-market offers. The filing lists award dates and plan types but does not specify sale method for each restricted item.

What plan is associated with one of the listed securities?

One entry is tied to an Employee Stock Purchase Plan dated 12/31/2021 for 130 shares. The table lists the plan type and cash as consideration for that item.