Proposed sale of 10,341 NET shares reported by broker (NET)

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC filed a Form 144 reporting a proposed sale of 10,341 shares of Common Stock on 03/17/2026 tied to an exercise of stock options with reported gross proceeds of $2,143,999.53. The filing also lists prior 10b5-1 sales by Thomas Seifert: 02/20/2026 41,557 shares ($7,689,669.88), 01/20/2026 10,000 shares ($1,783,682.00), and 12/22/2025 10,000 shares ($2,016,931.00).

Insights

Insider Transactions Analyst

Routine Form 144: proposed resale following option exercise and prior 10b5-1 sales.

The filing shows a broker-submitted notice for the proposed sale of 10,341 Common shares on 03/17/2026 arising from an exercise of stock options and reports gross proceeds of $2,143,999.53. This is a transactional disclosure rather than a governance or financial-performance event.

The excerpt also documents earlier 10b5-1 plan sales by Thomas Seifert totaling reported blocks of 41,557, 10,000, and 10,000 shares on the dates shown. These are routine planned dispositions; cash-flow treatment and net proceeds after fees or taxes are not stated in the provided excerpt.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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	10341	2143999.53	34404202	03/17/2026	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	03/17/2026	Exercise of Stock Options	Issuer			10341	03/17/2026	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	02/20/2026	41557	7689669.88
10b5-1 Sales Plan for THOMAS SEIFERT 101 Townsend Street San Francisco CA 94107	Common	01/20/2026	10000	1783682.00
10b5-1 Sales Plan for THOMAS SEIFERT 101 Townsend Street San Francisco CA 94107	Common	12/22/2025	10000	2016931.00

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 Form 144 for NET show?

The Form 144 reports a proposed sale of 10,341 Common shares on 03/17/2026 tied to an exercise of stock options with reported gross proceeds of $2,143,999.53. Prior 10b5-1 sales by the seller are also listed.

Who executed previous 10b5-1 sales shown in the filing for NET?

The filing lists prior 10b5-1 sales by Thomas Seifert on 02/20/2026, 01/20/2026, and 12/22/2025, showing 41,557, 10,000, and 10,000 shares respectively, with the gross proceeds reported for each sale.

What proceeds are reported for the proposed 03/17/2026 sale in the NET filing?

The proposed sale of 10,341 shares on 03/17/2026 is reported with gross proceeds of $2,143,999.53 in the provided excerpt. The filing does not break out net proceeds or fees.

Are the 10b5-1 sales in the NET excerpt routine?

Yes. The excerpt lists multiple 10b5-1 plan transactions by Thomas Seifert on the dates shown, indicating planned dispositions: 41,557, 10,000, and 10,000 shares, with corresponding gross proceeds reported.

Who filed the Form 144 for these NET transactions?

The filing shows Morgan Stanley Smith Barney LLC Executive Financial Services as the filer on behalf of the selling party, with the proposed sale entry and related proceeds recorded on 03/17/2026.