Proposed sale of 24,278 Class A shares by NRDS (NASDAQ: NRDS)

Rhea-AI Filing Summary

NRDS submitted a Form 144 notifying a proposed sale of 24,278 shares of Class A Common Stock, dated 03/17/2026. The filing lists recent transactions by related holders, including Bearman Trust which sold 2,800 shares and Yount Family Rev Trust which sold 211 shares on 03/12/2026. The statement identifies the broker-dealer Morgan Stanley Smith Barney LLC and lists the NASDAQ as the market.

Insights

Securities Lawyer

Form 144 is a notice of proposed sale under Section 144 for registered or restricted securities.

Form 144 notifies the SEC and broker-dealers of an intended sale; the filing here identifies 24,278 Class A shares and names Morgan Stanley Smith Barney LLC as the broker-dealer. The filing date is 03/17/2026.

Legal review should confirm compliance with holding-period and volume limitations and ensure any transfer is effected consistent with Section 16 and Rule 144 conditions; timing and proceeds treatment are not described in the excerpt.

Equity Markets Analyst

Routine resale notices can create short-term supply; recent small disposals are shown.

The filing lists recent sales by related holders, including Bearman Trust 2,800 shares and Yount Family Rev Trust 211 shares on 03/12/2026, which are examples of recent dispositions. The aggregate indicated quantity is 24,278 Class A shares.

Market impact depends on execution size and timing; subsequent broker reports or trade data will show actual selling pressure.

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
Class A Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	24278	250867.00	35100146	03/17/2026	NASDAQ

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 *
Class A Common	07/11/2022	Merger/Acquisition	Issuer			24278	07/11/2022	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
BEARMAN TRUST 19 S. B Street Suite 9 San Mateo CA 94401	Class A Common	03/12/2026	2800	29708.00
YOUNT FAMILY REV TRUST 19 S. B Street Suite 9 San Mateo CA 94401	Class A Common	03/12/2026	211	2236.60

144: Remarks and Signature

Remarks

Date of Notice

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 NRDS's Form 144 on 03/17/2026 mean?

It is a notice of an intended sale of registered or restricted shares. The filing lists 24,278 Class A shares and names Morgan Stanley Smith Barney LLC as broker-dealer, dated 03/17/2026.

How many shares are cited for sale in the NRDS Form 144?

The filing cites a proposed sale of 24,278 Class A Common shares. That figure appears next to the security line and is dated 03/17/2026 in the excerpt.

Which holders recently sold NRDS Class A shares according to the filing?

Examples shown include Bearman Trust which sold 2,800 shares and Yount Family Rev Trust which sold 211 shares on 03/12/2026. These are listed under "Securities Sold During The Past 3 Months."

Who is the broker-dealer listed on the NRDS Form 144?

The filing lists Morgan Stanley Smith Barney LLC (address: 1 New York Plaza, 8th Floor) as the broker-dealer associated with the proposed transactions, shown on the security line.

Does this Form 144 state how proceeds will be used?

The excerpt does not provide a use-of-proceeds statement. The filing identifies the shares and broker-dealer but does not describe proceeds treatment or intended recipient of sale proceeds.