Form 144 shows NET insider 10b5-1 sales and new 41,555-share plan

Rhea-AI Filing Summary

A holder associated with NET has filed a notice to sell up to 41,555 common shares through broker Morgan Stanley Smith Barney LLC on the NYSE. The filing lists an aggregate market value of about $8,153,091.00 for these shares, while 315,250,214 shares of the class are outstanding. The shares to be sold come from recent exercises of stock options and vesting of restricted stock units. The same seller’s Rule 10b5-1 plan shows additional sales in the past three months, including 10,000 shares sold on 10/20/2025 for $2,118,137.00 and 10,000 shares sold on 09/22/2025 for $2,276,443.00.

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	41555	8153091.00	315250214	11/20/2025	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	11/20/2025	Exercise of Stock Options	Issuer			10000	11/20/2025	Cash
Common	11/15/2025	Restricted Stock Units	Issuer			31555	11/15/2025	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

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	10/20/2025	10000	2118137.00
10b5-1 Sales Plan for THOMAS SEIFERT 101 Townsend Street San Francisco CA 94107	Common	09/22/2025	10000	2276443.00

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 does this Form 144 filing for NET disclose?

The Form 144 discloses an intended sale of 41,555 NET common shares with an aggregate market value of about $8,153,091.00, to be sold on the NYSE through Morgan Stanley Smith Barney LLC.

How many NET shares are outstanding according to this filing?

The filing states that 315,250,214 NET common shares are outstanding for the class of securities referenced.

Who is the seller named in the NET Form 144 and how are the shares being sold?

The seller is identified through a 10b5-1 sales plan for Thomas Seifert, with shares to be sold via Morgan Stanley Smith Barney LLC on the NYSE.

What is the source of the NET shares to be sold in this Form 144?

The shares come from exercise of stock options and restricted stock units acquired from the issuer, including 10,000 shares from option exercises and 31,555 shares from RSUs.

What prior NET share sales are reported over the last three months?

The notice reports that, under the same 10b5-1 plan, the seller disposed of 10,000 NET common shares on 10/20/2025 for $2,118,137.00 and another 10,000 shares on 09/22/2025 for $2,276,443.00.

What representation does the NET Form 144 filer make about inside information?

By signing the notice, the person for whose account the NET securities are to be sold represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.