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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.

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

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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
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

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.

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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