Morgan Stanley Smith Barney (NYSE: NET) 10,000-share sale; recent 10b5-1 sales listed

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 notice for the proposed sale of 10,000 shares of Common Stock on 05/18/2026, reported as resulting from an exercise of stock options and a cash settlement method. The filing also lists recent 10b5-1 plan sales by Thomas Seifert on 04/17/2026 (10,000 shares, $1,979,757.00), 03/17/2026 (10,341 shares, $2,195,441.87), and 02/20/2026 (41,557 shares, $7,689,669.88).

Key Figures

Planned sale: 10,000 shares 04/17/2026 10b5-1 sale: 10,000 shares 03/17/2026 10b5-1 sale: 10,341 shares +1 more

4 metrics

Planned sale 10,000 shares Planned sale on <date>05/18/2026</date> from exercise of stock options

04/17/2026 10b5-1 sale 10,000 shares Proceeds reported <money>$1,979,757.00</money>

03/17/2026 10b5-1 sale 10,341 shares Proceeds reported <money>$2,195,441.87</money>

02/20/2026 10b5-1 sale 41,557 shares Proceeds reported <money>$7,689,669.88</money>

Key Terms

10b5-1 Sales Plan, Exercise of Stock Options, Form 144

3 terms

10b5-1 Sales Plan regulatory

"10b5-1 Sales Plan for THOMAS SEIFERT 101 Townsend Street San Francisco"

Exercise of Stock Options financial

"05/18/2026 | Exercise of Stock Options | Issuer"

Form 144 regulatory

"Filer Information | Issuer Information | Securities 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.

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	10000	1975600.00	319528350	05/18/2026	NYSE

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	05/18/2026	Exercise of Stock Options	Issuer			10000	05/18/2026	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
10b5-1 Sales Plan for THOMAS SEIFERT 101 Townsend Street San Francisco CA 94107	Common	04/17/2026	10000	1979757.00
10b5-1 Sales Plan for THOMAS SEIFERT 101 Townsend Street San Francisco CA 94107	Common	03/17/2026	10341	2195441.87
10b5-1 Sales Plan for THOMAS SEIFERT 101 Townsend Street San Francisco CA 94107	Common	02/20/2026	41557	7689669.88

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 does the Form 144 for NET show about the planned sale?

The Form 144 reports a planned sale of 10,000 shares of Common Stock on 05/18/2026 tied to an exercise of stock options. The filing lists the sale method as cash and identifies Morgan Stanley Smith Barney LLC as the filer.

Who executed recent 10b5-1 sales listed in the filing for NET?

The filing lists recent 10b5-1 sales executed by Thomas Seifert with addresses shown. Reported transactions include 10,000 shares on 04/17/2026, 10,341 shares on 03/17/2026, and 41,557 shares on 02/20/2026.

What proceeds are reported for the recent 10b5-1 sales in the NET filing?

The filing shows gross proceeds for the recent 10b5-1 sales as $1,979,757.00 (04/17/2026), $2,195,441.87 (03/17/2026), and $7,689,669.88 (02/20/2026). Each amount is reported alongside the respective share count and date.

Does the Form 144 indicate how the 10,000 shares will be sold for NET?

The Form 144 indicates the 10,000 shares on 05/18/2026 arise from an exercise of stock options with the settlement method listed as cash. The filing does not specify additional distribution mechanics beyond that description.