Darren Sherman to sell 15,000 OBIO shares (NASDAQ: OBIO)

Rhea-AI Filing Summary

Darren Sherman filed a Form 144 to sell common stock. The notice lists a proposed sale of 15,000 shares reported with a sale date of 06/01/2026 and a gross amount of $58,049.53. The filing also lists restricted stock vesting events of 9,292 and 5,708 shares on 09/09/2024 and 11/25/2024, respectively.

Insights

Securities Attorney

Form 144 notifies the broker and SEC of an intended sale of restricted/registered shares.

Form 144 is a regulatory notice required when an affiliate intends to sell restricted or control securities; it lists the proposed 15,000-share transaction with a reported gross value of $58,049.53. The filing also records prior vesting events totaling 15,000 shares (9,292 and 5,708 shares).

Timing and actual execution depend on broker processing and Rule 144 resale conditions; subsequent filings will show completed sales or cancellations.

Key Figures

Proposed sale: 15,000 shares Gross amount reported: $58,049.53 Restricted stock vesting: 9,292 shares +2 more

5 metrics

Proposed sale 15,000 shares reported sale date <date>06/01/2026</date>

Gross amount reported $58,049.53 associated with the 15,000-share entry

Restricted stock vesting 9,292 shares vesting on <date>09/09/2024</date>

Restricted stock vesting 5,708 shares vesting on <date>11/25/2024</date>

Broker listed Fidelity Brokerage Services LLC broker for the proposed transaction

Key Terms

Form 144, Restricted Stock Vesting, Fidelity Brokerage Services LLC

3 terms

Form 144 regulatory

"Notice of proposed sale of restricted/affiliated securities"

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.

Restricted Stock Vesting financial

"Entries showing 09/09/2024 and 11/25/2024 vesting events"

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.

Fidelity Brokerage Services LLC market

"Broker listed with address for securities to be sold"

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Available on EDGAR 07/01/2026 - 11:45 AM Accepted by SEC EDGAR 07/01/2026 - 11:44 AM 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

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	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	15000	64800.00	59880715	07/01/2026	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	09/09/2024	Restricted Stock Vesting	Issuer			9292	09/09/2024	Compensation
Common	11/25/2024	Restricted Stock Vesting	Issuer			5708	11/25/2024	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
Darren Sherman 150 Union Square Drive New Hope PA 18938	Common	06/01/2026	15000	58049.53

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)

FAQ

What does Darren Sherman’s Form 144 for OBIO report?

It reports a proposed sale of 15,000 shares of common stock with a reported gross amount of $58,049.53 and a sale date of 06/01/2026. The filing also lists earlier restricted stock vesting events totaling 15,000 shares.

Does the Form 144 mean the shares have already been sold?

No; Form 144 is a notice of an intended sale. It lists a proposed sale date (06/01/2026) and amounts, but completion is reported separately through broker records or subsequent filings.

What restricted stock vesting is shown in the filing for OBIO?

The filing shows two restricted stock vesting events: 9,292 shares on 09/09/2024 and 5,708 shares on 11/25/2024, recorded as compensation-related issuances to the filer or issuer.

Who is the broker listed for the transaction in the Form 144?

The broker listed is Fidelity Brokerage Services LLC at an address in Smithfield, RI. The filing shows broker details alongside the securities information and proposed quantities.