Thomas Seifert (NYSE: NET) plans 10,000-share sale after prior 51,555 sales

Rhea-AI Filing Summary

A selling stockholder associated with Thomas Seifert filed a Form 144 notice to sell 10,000 shares of common stock of the issuer through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of 1841700.00 as of the notice. The shares are to be sold around 01/20/2026.

The 10,000 shares were acquired on 01/20/2026 by exercising stock options granted by the issuer and paid for in cash on the same date. Over the prior three months, a 10b5-1 sales plan for Thomas Seifert sold 10,000 common shares on 12/22/2025 for gross proceeds of 2016931.00 and 41,555 shares on 11/20/2025 for gross proceeds of 8069178.99.

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	1841700.00	315250214	01/20/2026	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	01/20/2026	Exercise of Stock Options	Issuer			10000	01/20/2026	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	12/22/2025	10000	2016931.00
10b5-1 Sales Plan for THOMAS SEIFERT 101 Townsend Street San Francisco CA 94107	Common	11/20/2025	41555	8069178.99

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 NET Form 144 filing disclose about upcoming share sales?

The filing discloses that a selling stockholder associated with Thomas Seifert plans to sell 10,000 shares of common stock of the issuer through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of 1841700.00 and an approximate sale date of 01/20/2026.

How were the 10,000 NET shares in the Form 144 acquired?

The 10,000 common shares covered by the notice were acquired on 01/20/2026 through an exercise of stock options from the issuer, with the purchase price paid in cash on the same date.

Which broker and exchange are involved in the planned NET share sale?

The planned sale of 10,000 common shares will be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, with the shares listed for trading on the NYSE.

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

The notice reports that a 10b5-1 sales plan for Thomas Seifert sold 10,000 common shares on 12/22/2025 for gross proceeds of 2016931.00 and 41,555 common shares on 11/20/2025 for gross proceeds of 8069178.99.

How many NET shares are outstanding according to the Form 144?

The filing states that there are 315,250,214 shares of the issuer’s common stock outstanding, providing a baseline figure for the company’s equity.

Does the NET Form 144 mention a Rule 10b5-1 trading plan?

Yes. The section on securities sold during the past three months identifies a 10b5-1 Sales Plan for Thomas Seifert as the seller for the reported transactions in November 2025 and December 2025.