NVS Form 144: Proposed sale of 6,800 ADS

NVS: Form 144 filing reporting proposed sale of American Depositary Shares.

Rhea-AI Filing Summary

NVS: Form 144 filing reporting proposed sale of American Depositary Shares. The filer reports 6,800 American Depositary Shares to be sold tied to restricted stock vesting on 01/29/2026. The filing also records 7,500 ADS sold during the past three months on 02/09/2026 with an associated figure of $1,171,575.75.

Key Figures

ADS proposed for sale: 6,800 shares ADS sold in past 3 months: 7,500 shares Reported amount associated with 7,500 ADS: $1,171,575.75 +1 more

4 metrics

ADS proposed for sale 6,800 shares to be sold; restricted stock vesting on 01/29/2026

ADS sold in past 3 months 7,500 shares sold on 02/09/2026 (reported in filing)

Reported amount associated with 7,500 ADS $1,171,575.75 figure appearing alongside the 02/09/2026 sale entry

Vesting date 01/29/2026 restricted stock vesting date tied to the 6,800 ADS

Key Terms

Form 144, American Depositary Shares, Restricted Stock Vesting

3 terms

Form 144 regulatory

"Form 144 filing reporting proposed sale and past sales"

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.

American Depositary Shares market

"American Depositary Shares | Fidelity Brokerage Services LLC"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

Restricted Stock Vesting financial

"Restricted Stock Vesting | Issuer | 6800 | 01/29/2026"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

FAQ

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

What does NVS's Form 144 disclose about the ADS being offered?

The filing discloses a proposed sale of 6,800 American Depositary Shares. It ties the shares to restricted stock vesting on 01/29/2026, indicating the shares became eligible for sale after vesting.

Who is the reporting person on the NVS Form 144?

The filing lists Victor Bulto Carulla as a named individual. The document shows his address as listed and associates him with the reported ADS sale activity.

How many ADS were sold in the past three months according to the filing?

The filing reports 7,500 ADS sold on 02/09/2026. A monetary figure of $1,171,575.75 appears alongside that sale in the same entry.

Are the shares in the Form 144 unrestricted or from vesting?

The filing indicates the shares to be sold are from restricted stock vesting with a vesting date of 01/29/2026. The sale is therefore tied to vested restricted shares.

Does the Form 144 indicate the exchange where the ADS trade?

Yes. The entry lists the NYSE as the market associated with the American Depositary Shares in the filing details provided.

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

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Accepted by SEC EDGAR 04/30/2026 - 12:05 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	0002098937
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	NOVARTIS AG
SEC File Number	001-15024
Address of Issuer	LICHTSTRASSE 35 BASEL SWITZERLAND CH 4056
Phone	01141613241111
Name of Person for Whose Account the Securities are To Be Sold	Bulto Carulla Victor
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	Officer

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
American Depositary Shares	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	6800	1007093.31	1908151679	04/30/2026	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 *
American Depositary Shares	01/29/2026	Restricted Stock Vesting	Issuer			6800	01/29/2026	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Victor Bulto Carulla Lichtstrasse 35 Basel V8 CH 4056	American Depositary Shares	02/09/2026	7500	1171575.75

144: Remarks and Signature

Remarks
Date of Notice	04/30/2026
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/ Jennifer Ruchti, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Victor Bulto Carulla
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)