Morgan Stanley (NTAP) files Form 144 to sell 49,464 common shares

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 notice relating to the proposed sale of Common shares. The filing lists 31,533 performance shares dated 05/16/2025, 695 Employee Stock Purchase Plan shares dated 05/31/2024, and 17,236 restricted stock dated 05/15/2024.

Insights

Securities Attorney

Form 144 notifies the market of an intended resale under Rule 144.

Form 144 is a notice required when affiliates or control persons intend to sell restricted or control securities under Rule 144. It does not itself effect a sale; it records the intended offering quantities and relevant dates.

Timing and execution details are not included here; subsequent trade reports will show whether the listed shares were sold.

Key Figures

Performance Shares listed: 31,533 shares ESPP shares listed: 695 shares Restricted Stock listed: 17,236 shares +2 more

5 metrics

Performance Shares listed 31,533 shares dated 05/16/2025

ESPP shares listed 695 shares dated 05/31/2024

Restricted Stock listed 17,236 shares dated 05/15/2024

Header quantity (possible total shown) 49,464 appears in header near broker name

Header date 06/23/2026 appears in filer header

Key Terms

Form 144, Performance Shares, Employee Stock Purchase Plan, Restricted Stock

4 terms

Form 144 regulatory

"submitted a Form 144 notice relating to the proposed sale"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Performance Shares financial

"Performance Shares | ISSUER | 31533 | 05/16/2025"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

Employee Stock Purchase Plan financial

"Employee Stock Purchase Plan | ISSUER | 695 | 05/31/2024"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Restricted Stock financial

"Restricted Stock | ISSUER | 17236 | 05/15/2024"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

FAQ

What does NTAP Form 144 filed by Morgan Stanley Smith Barney LLC mean?

It notifies the SEC of an intended resale of restricted or control shares. The filing lists specific lots: 31,533 performance shares, 695 ESPP shares, and 17,236 restricted shares with their grant dates.

Are the shares listed on the Form 144 for NTAP already sold?

No, Form 144 itself is a notice of intent to sell; it does not confirm execution. Actual sale activity will appear in trade reports or subsequent filings if and when the shares are offered or sold.

What share types are included in this NTAP Form 144?

The filing lists three categories: Performance Shares (31,533), Employee Stock Purchase Plan shares (695), and Restricted Stock (17,236), each tied to the dates shown in the filing.

Does the Form 144 specify who receives proceeds from proposed sales?

No, the excerpt lists the broker and the share lots but does not state proceeds treatment. The filing excerpt does not specify whether proceeds go to the issuer or selling holders.

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

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Available on EDGAR 06/23/2026 - 04:08 PM Accepted by SEC EDGAR 06/23/2026 - 04:07 PM 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
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	49464	7657767.42	195919927	06/23/2026	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 *
Common	05/16/2025	Performance Shares	ISSUER			31533	05/16/2025	Not Applicable
Common	05/31/2024	Employee Stock Purchase Plan	ISSUER			695	05/31/2024	Cash
Common	05/15/2024	Restricted Stock	ISSUER			17236	05/15/2024	Not Applicable

* 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

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)