NREF (NREF) insider files Rule 144 to sell 11,904 common stock

Rhea-AI Filing Summary

NREF filed a Rule 144 notice covering a proposed sale of 11,904 shares of common stock through broker Charles Schwab & Co. Inc. on or about 12/12/2025, to be sold on the NYSE at an aggregate market value of $180,583.68. The issuer had 17,721,828 shares outstanding at the time referenced. The seller acquired these shares on 02/11/2020 through purchases of issuer securities in a 401(k) plan, with cash payment dated 12/31/2024. By signing the notice, the seller represents they are not aware of 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	Charles Schwab & Co. Inc. 3000 Schwab Way Westlake TX 76262	11904	180583.68	17721828	12/12/2025	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 Stock	02/11/2020	Purchases of issuer securities through a 401(k) Plan	Open market			11904	12/31/2024	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

Nothing to Report

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 the Form 144 filing for NREF disclose?

The Form 144 filing for NREF discloses a proposed sale of 11,904 shares of common stock under Rule 144, to be executed through Charles Schwab & Co. Inc. on or about 12/12/2025 on the NYSE.

How many NREF shares are proposed to be sold and what is their market value?

The notice covers 11,904 shares of NREF common stock with an aggregate market value of $180,583.68 as indicated in the filing.

How does the proposed NREF share sale compare to shares outstanding?

The filing states that 17,721,828 NREF common shares were outstanding at the referenced time, providing context for the proposed sale of 11,904 shares.

How and when were the NREF shares being sold under Rule 144 acquired?

The 11,904 NREF shares were acquired on 02/11/2020 through purchases of issuer securities in a 401(k) plan, with the filing noting cash as the nature of payment dated 12/31/2024.

What representation does the seller make in the NREF Form 144?

By signing the notice, the seller represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.

Which exchange is identified for the proposed NREF share sale?

The Form 144 indicates that the NREF common stock is proposed to be sold on the NYSE.