Noble Roman’s director to sell 5,556 shares

NOBLE ROMANS INC (NROM) is the issuer of common stock that Douglas Harold Coape-Arnold, a director, plans to sell under Rule 144.

Rhea-AI Filing Summary

NOBLE ROMANS INC (NROM) is the issuer of common stock that Douglas Harold Coape-Arnold, a director, plans to sell under Rule 144. A notice states that up to 5,556 shares of common stock may be sold through Fidelity Brokerage Services LLC on the OTC Markets, with an aggregate market value of $3,500.28 as of a planned sale date of 09/01/2026. The shares are described as having been acquired from the issuer on 07/07/2026 via a stock option exercise in connection with compensation.

Key Figures

Shares to be sold: 5,556 shares of common stock Aggregate market value: $3,500.28 Planned sale date: 09/01/2026 +1 more

4 metrics

Shares to be sold 5,556 shares of common stock Planned Rule 144 sale by Douglas Harold Coape-Arnold

Aggregate market value $3,500.28 Value associated with 5,556 shares for planned Rule 144 sale

Planned sale date 09/01/2026 Proposed date for selling 5,556 shares on OTC Markets

Acquisition date 07/07/2026 Date shares were acquired via stock option exercise as compensation

Key Terms

Rule 144, Stock Option Exercise, OTC Markets, attorney-in-fact

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Stock Option Exercise financial

"Common | 07/07/2026 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

OTC Markets market

"09/01/2026 | OTC Markets"

Over-the-counter (OTC) markets are trading venues where buyers and sellers deal directly through dealers or electronic networks instead of on a formal exchange; think of a neighborhood flea market versus a supermarket. They matter to investors because OTC-listed stocks often represent smaller or international companies with fewer reporting requirements, which can mean lower liquidity, wider price swings and higher risk but sometimes earlier access to growth opportunities.

attorney-in-fact regulatory

"as attorney-in-fact for Douglas Coape-Arnold"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for NROM?

It discloses that Douglas Harold Coape-Arnold, a director, has filed a Rule 144 notice indicating an intention to sell 5,556 shares of Noble Romans Inc common stock through Fidelity Brokerage Services LLC on the OTC Markets.

How many NROM shares are covered by this Rule 144 notice?

The notice covers up to 5,556 shares of Noble Romans Inc common stock. These shares are associated with a planned Rule 144 sale by Douglas Harold Coape-Arnold as disclosed in the filing.

What is the aggregate market value of NROM shares in this Form 144?

The filing lists an aggregate market value of $3,500.28 for the 5,556 shares of Noble Romans Inc common stock that are the subject of the planned Rule 144 sale.

When are the NROM shares expected to be sold under this Form 144?

The notice identifies a planned sale date of 09/01/2026 for the 5,556 shares of Noble Romans Inc common stock to be sold on the OTC Markets under Rule 144.

How were the NROM shares in this Form 144 acquired?

The shares are described as having been acquired on 07/07/2026 from Noble Romans Inc via a stock option exercise in connection with compensation, according to the securities-to-be-sold section.

Which broker is involved in the planned NROM Rule 144 sale?

The filing names Fidelity Brokerage Services LLC as the broker for the planned sale of 5,556 shares of Noble Romans Inc common stock on the OTC Markets.

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

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Available on EDGAR 09/01/2026 - 03:47 PM EDT Accepted by SEC EDGAR 09/01/2026 - 03:46 PM EDT Learn about SEC filing dates

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	0001403620
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	NOBLE ROMANS INC
SEC File Number	000-11104
Address of Issuer	ONE VIRGINIA AVE STE 800 INDIANAPOLIS INDIANA 46204
Phone	3176343377
Name of Person for Whose Account the Securities are To Be Sold	Coape-Arnold Douglas Harold
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	Director

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	Fidelity Brokerage Services LLC 245 Summer Street Boston MA 02110	5556	3500.28	22707749	09/01/2026	OTC Markets

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	07/07/2026	Stock Option Exercise	Issuer			5556	07/07/2026	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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/01/2026
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	/s/ Christian Nasser as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Douglas Coape-Arnold
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)