Issuer insider plans 10,000-share Rule 144 sale on NYSE (NET)

Rhea-AI Filing Summary

An insider of the issuer has filed a notice to sell 10,000 shares of common stock under Rule 144, with an aggregate market value of $1,956,800.00. The shares are to be sold through Morgan Stanley Smith Barney LLC on the NYSE, and the filing notes that 315,250,214 shares of this class were outstanding. The 10,000 shares were acquired on 12/22/2025 through the exercise of stock options, paid in cash on the same date.

The filing also lists prior activity over the past three months under a 10b5-1 sales plan for Thomas Seifert, including sales of 41,555 common shares on 11/20/2025 for $8,069,178.99 in gross proceeds and 10,000 common shares on 10/20/2025 for $2,118,137.00. The signer represents that they do not know of any undisclosed material adverse information about the issuer’s current or prospective operations.

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	1956800.00	315250214	12/22/2025	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	12/22/2025	Exercise of Stock Options	Issuer			10000	12/22/2025	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	11/20/2025	41555	8069178.99
10b5-1 Sales Plan for THOMAS SEIFERT 101 Townsend Street San Francisco CA 94107	Common	10/20/2025	10000	2118137.00

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 the NET Form 144 filing disclose about insider share sales?

The filing discloses that an insider plans to sell 10,000 shares of common stock under Rule 144 through Morgan Stanley Smith Barney LLC. These shares have an aggregate market value of $1,956,800.00 and are listed on the NYSE. The filing also notes that there were 315,250,214 shares of this class outstanding.

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

The 10,000 common shares covered by the notice were acquired on 12/22/2025 via an exercise of stock options from the issuer. The filing states that the nature of payment for this acquisition was cash, with the date of payment also listed as 12/22/2025.

What prior NET stock sales are reported for the past three months?

Over the past three months, the filing reports sales under a 10b5-1 sales plan for Thomas Seifert. These include 41,555 common shares sold on 11/20/2025 for $8,069,178.99 in gross proceeds and 10,000 common shares sold on 10/20/2025 for $2,118,137.00 in gross proceeds.

Who is the broker handling the planned NET Rule 144 share sale?

The planned sale of 10,000 common shares is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004. The securities are listed for sale on the NYSE.

What assurances does the insider provide in this NET Form 144 filing?

The person for whose account the securities are to be sold represents by signing the notice that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed. If relying on a Rule 10b5-1 trading plan, this representation also applies as of the plan adoption or instruction date.

What is the approximate sale date for the 10,000 NET shares in this notice?

The filing lists an approximate date of sale of 12/22/2025 for the 10,000 common shares to be sold under Rule 144. This date aligns with the date the shares were acquired through the exercise of stock options.