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NET (NET) insider plans 55,000-share Form 144 stock sale via option exercise

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

NET filed a Form 144 indicating a planned sale of 55,000 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services on the NYSE, with an aggregate market value of $15,550,700. The shares are to be acquired on 08/04/2026 via exercise of stock options for cash. As context, the filing cites 319,528,350 shares outstanding. It also lists prior sales under a 10b5-1 sales plan for Thomas Seifert: 10,000 shares on 05/18/2026 for $2,006,068, 10,000 shares on 06/17/2026 for $2,323,887, and 10,000 shares on 07/17/2026 for $2,769,195.

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Planned shares to be sold 55,000 shares Common stock to be sold through Morgan Stanley Smith Barney LLC
Aggregate market value of planned sale $15,550,700 Value of 55,000 shares of common stock
Shares outstanding 319,528,350 shares Common stock outstanding, cited for context
Option exercise date 08/04/2026 Date for cash exercise of stock options acquiring shares for sale
10b5-1 sale 1 10,000 shares for $2,006,068 Sale on 05/18/2026 under 10b5-1 sales plan for Thomas Seifert
10b5-1 sale 2 10,000 shares for $2,323,887 Sale on 06/17/2026 under 10b5-1 sales plan for Thomas Seifert
10b5-1 sale 3 10,000 shares for $2,769,195 Sale on 07/17/2026 under 10b5-1 sales plan for Thomas Seifert
Form 144 regulatory
"NET filed a Form 144 indicating a planned sale of 55,000 shares"
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.
10b5-1 Sales Plan regulatory
"10b5-1 Sales Plan for THOMAS SEIFERT 101 Townsend Street"
A 10b5-1 sales plan is a written, prearranged schedule that company insiders use to buy or sell their employer’s stock under a U.S. securities rule, so trades occur automatically at set times or prices regardless of later private information. It matters to investors because it reduces the risk of insider-trading accusations and signals that certain insider trades were planned ahead—like putting transactions on autopilot—while still affecting share supply and market confidence.
Exercise of Stock Options financial
"Exercise of Stock Options | Issuer | | | 55000 | 08/04/2026 | Cash"
Executive Financial Services financial
"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What does NET’s latest Form 144 filing disclose?
NET’s Form 144 discloses a planned sale of 55,000 common shares on the NYSE, valued at $15,550,700, to be acquired through a cash exercise of stock options scheduled for 08/04/2026.

How many NET shares are planned for sale under this Form 144?
The filing covers a proposed sale of 55,000 shares of NET common stock. These shares are expected to be acquired by exercising stock options for cash on 08/04/2026 before being sold on the NYSE.

What aggregate market value is associated with NET’s Form 144 shares?
The planned 55,000-share sale has an aggregate market value of $15,550,700. This value is based on the market price referenced in the Form 144 and applies to the shares intended for sale on the NYSE.

How many NET shares are reported as outstanding in the Form 144?
The Form 144 cites 319,528,350 shares outstanding of NET common stock. This figure provides context for the planned 55,000-share sale and represents a baseline, not the amount being sold under the notice.

What recent sales under a 10b5-1 plan are reported for NET?
The filing lists a 10b5-1 sales plan for Thomas Seifert with three sales: 10,000 shares on 05/18/2026 for $2,006,068, 10,000 shares on 06/17/2026 for $2,323,887, and 10,000 shares on 07/17/2026 for $2,769,195.

Who is associated with the 10b5-1 sales plan mentioned for NET?
The 10b5-1 trading activity is associated with Thomas Seifert. Under this sales plan, three transactions of 10,000 NET common shares each were executed on 05/18/2026, 06/17/2026, and 07/17/2026 at the stated dollar amounts.

Which broker is handling the planned Form 144 sale for NET?
The planned sale is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services at 1 New York Plaza, 8th Floor, New York, NY 10004, as specified in the Form 144’s securities information section.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR