Carl Ledbetter sells 15,000 NET shares (NASDAQ: NET) for $3.41M

Rhea-AI Filing Summary

NET insider filing: Carl Ledbetter reported a sale of 15,000 shares of Common Stock on 03/18/2026 for $3,405,750.00. The filing lists 45,000 Restricted Stock Units proposed for sale and shows 317,576,096 shares outstanding as of 04/28/2026.

Insights

Securities Compliance Analyst

Routine Form 144 sale reported; includes proposed RSU disposition.

The filing records an actual disposition of 15,000 shares for $3,405,750.00, a standard Section 144 notice when restricted or control securities are to be sold.

Timing and mechanics beyond the reported sale are not detailed here; subsequent filings may disclose method or broker details.

Key Figures

Shares sold: 15,000 shares Proceeds: $3,405,750.00 Proposed RSUs to be sold: 45,000 shares (RSUs) +1 more

4 metrics

Shares sold 15,000 shares Sale date 03/18/2026

Proceeds $3,405,750.00 Proceeds from 15,000-share sale on 03/18/2026

Proposed RSUs to be sold 45,000 shares (RSUs) Listed under "Securities To Be Sold"

Shares outstanding 317,576,096 shares as of 04/28/2026

Key Terms

Restricted Stock Units, Form 144, Securities To Be Sold

3 terms

Restricted Stock Units financial

"Restricted Stock Units | Issuer | 45000 | 11/10/2009"

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.

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.

Securities To Be Sold regulatory

"144: Securities To Be Sold | Common Stock"

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 Stock	Stifel Nicolaus & Company Inc 501 N Broadway St. Louis MO 63102	45000	9713322.00	317576096	04/28/2026	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 Stock	11/10/2009	Restricted Stock Units	Issuer			45000	11/10/2009	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
Carl Ledbetter 101 TOWNSEND ST. SAN FRANCISCO CA 94107	Common Stock	03/18/2026	15000	3405750.00

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)

FAQ

What did Carl Ledbetter report selling in the NET Form 144?

He reported selling 15,000 shares of Common Stock for $3,405,750.00. The filing records the sale date as 03/18/2026 and lists additional 45,000 Restricted Stock Units noted for potential sale.

Does the Form 144 show how many NET shares are outstanding?

Yes, the filing shows 317,576,096 shares outstanding as of 04/28/2026. This number appears in the securities information section and provides a company-wide share baseline.

Are the 45,000 Restricted Stock Units in NET already sold?

No; the filing lists 45,000 Restricted Stock Units under "Securities To Be Sold," indicating proposed or planned disposition. The document does not state the completed sale for those RSUs.

What cash proceeds are shown in the NET Form 144?

The filing records $3,405,750.00 as proceeds from the reported sale of 15,000 shares on 03/18/2026. The document does not detail allocation or recipients of those proceeds.