Insider at NET (NET) plans 60,000-share Rule 144 stock sale

Rhea-AI Filing Summary

Carl Ledbetter has filed a Rule 144 notice to sell 60,000 shares of common stock through broker Stifel Nicolaus & Company Inc. on or about 01/27/2026 on the NYSE. The filing lists an aggregate market value of $12,669,660 for these shares, compared with 35,030,951 shares of common stock outstanding. The shares were originally acquired as restricted stock units on 11/10/2009 as equity compensation from the issuer.

Over the prior three months, Ledbetter has already sold additional common shares, including 15,000 shares on 11/17/2025 for gross proceeds of $3,119,400 and 8,674 shares on 12/29/2025 for $1,747,501. Smaller sales included 192 shares on 12/30/2025 for $38,641 and 6,134 shares on 01/05/2026 for $1,216,136. By signing the notice, the seller represents that he is not aware 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 Stock	Stifel Nicolaus & Company Inc 501 N Broadway St. Louis MO 63102	60000	12669660.00	35030951	01/27/2026	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 Stock	11/10/2009	Restricted Stock Units	Issuer			60000	11/10/2009	Equity Compensation

* 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	01/05/2026	6134	1216136.00
Carl Ledbetter 101 TOWNSEND ST. SAN FRANCISCO CA 94107	Common Stock	12/30/2025	192	38641.00
Carl Ledbetter 101 TOWNSEND ST. SAN FRANCISCO CA 94107	Common Stock	12/29/2025	8674	1747501.00
Carl Ledbetter 101 TOWNSEND ST. SAN FRANCISCO CA 94107	Common Stock	11/17/2025	15000	3119400.00

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 mean for NET shareholders?

This Form 144 notice shows that Carl Ledbetter plans to sell 60,000 shares of common stock under Rule 144. It is a disclosure of a planned sale of restricted or control securities, not a direct action by the company NET itself.

How many NET shares is Carl Ledbetter planning to sell under this Form 144?

The notice states that 60,000 shares of common stock are planned to be sold, with an aggregate market value of $12,669,660 and the shares listed for trading on the NYSE.

When were the NET shares being sold under Form 144 originally acquired?

The filing states the 60,000 shares were acquired on 11/10/2009 as restricted stock units from the issuer, with the nature of payment described as equity compensation.

What recent NET stock sales by Carl Ledbetter are disclosed in this Form 144?

Over the past three months, the filing lists sales of 15,000 shares on 11/17/2025 for $3,119,400, 8,674 shares on 12/29/2025 for $1,747,501, 192 shares on 12/30/2025 for $38,641, and 6,134 shares on 01/05/2026 for $1,216,136 in gross proceeds.

How many NET shares are outstanding compared with the amount in this Form 144?

The notice states that there are 35,030,951 shares of common stock outstanding. The planned sale covers 60,000 shares, which is a small fraction of the total outstanding shares.

Does the Form 144 say anything about non-public information related to NET?

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