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OFAL (NASDAQ) affiliate notifies SEC of 1.73M-share resale plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

OFAL affiliate submitted a Form 144 to sell 1,730,000 shares of Common Stock. The filing lists 05/27/2026 and shows multiple recent dispositions by Tricore Foundation LLC through agent Yuanyi Wen, including sales on 05/26/2026 (153,511 shares) and 05/22/2026 (117,769 shares). The filing records the class as Founders Shares.

Positive

  • None.

Negative

  • None.

Insights

Form 144 notifies the market of an affiliate's proposed resale of common shares.

Form 144 is a notice required when an affiliate intends to sell restricted or control stock in reliance on Rule 144. The filing here lists 1,730,000 shares and recent completed dispositions by an affiliated entity on 05/26/2026 and other dates.

Timing and methods of any future sales are not detailed in the excerpt; subsequent filings or broker reports would show actual resale activity and cash‑flow treatment.

Shares listed for resale 1,730,000 shares Securities To Be Sold section
Recent sale - 05/26/2026 153,511 shares Tricore Foundation LLC sale on <date>05/26/2026</date>
Proceeds shown - 05/26/2026 41535.82 Amount listed alongside 153,511 shares in excerpt
Recent sale - 05/22/2026 117,769 shares Tricore Foundation LLC sale on <date>05/22/2026</date>
Form date 05/27/2026 Date appearing in the filing header
Form 144 regulatory
"Filed notice type shown as "144: Filer Information""
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.
Founders Shares financial
"Securities To Be Sold line: "Founders Shares""
Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.
Agent regulatory
"Tricore Foundation LLC - Yuanyi Wen as Agent listed with sale entries"

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

FAQ

What does OFAL's Form 144 filing mean?

It notifies the SEC and market of an affiliate's intent to sell restricted or control stock. The filing lists 1,730,000 shares and dated 05/27/2026, and complements prior small dispositions by Tricore Foundation LLC shown in the excerpt.

Who is selling shares according to the OFAL filing?

The filing references Tricore Foundation LLC with Yuanyi Wen as agent. The excerpt lists multiple recent sales by that entity, including 153,511 shares on 05/26/2026 and 117,769 shares on 05/22/2026.

How many shares does the OFAL Form 144 list for resale?

The filing lists 1,730,000 shares of Common Stock for sale. The class is described as Founders Shares and the filing includes the date 05/27/2026 associated with the notice.

Do the recent sales reported affect the 1,730,000 shares listed?

The excerpt shows recent dispositions by Tricore Foundation LLC but does not state how they affect the listed 1,730,000 shares. The filing records sales on 05/26/2026, 05/22/2026, and other dates; further filings would clarify any remaining registered amount.