Laura Sandler to sell 10,000 ORKA shares (ORKA) via option exercise

Rhea-AI Filing Summary

Laura Sandler submitted a Form 144 notice to sell 10,000 shares of Common stock on 05/01/2026. The filing lists the proposed sale as resulting from an Exercise of Stock Options with cash consideration. The record also shows prior 10b5-1 sales of 5,000 shares for $167,821.50 on 03/02/2026 and 600 shares for $24,780.00 on 03/16/2026.

Insights

Securities Compliance Analyst

Form 144 notifies a broker of an intended sale tied to option exercise.

Section 144 notices record proposed sales by control persons or affiliates; this entry lists 10,000 shares offered following an Exercise of Stock Options dated 05/01/2026. Prior listed dispositions include two transactions under a 10b5-1 plan.

Filing details such as sale timing, broker routing, and actual execution pricing will appear in subsequent trade reports if and when sales occur. Current information documents intent and recent sales history only.

Key Figures

Proposed sale: 10,000 shares Proposed gross value: $684,100.00 Prior sale: 5,000 shares +1 more

4 metrics

Proposed sale 10,000 shares Intended sale tied to exercise of stock options on <date>05/01/2026</date>

Proposed gross value $684,100.00 Value shown alongside 10,000 shares in the filing

Prior sale 5,000 shares Sold on <date>03/02/2026</date> for <money>$167,821.50</money>

Prior sale 600 shares Sold on <date>03/16/2026</date> for <money>$24,780.00</money>

Key Terms

Form 144, 10b5-1, Exercise of Stock Options

3 terms

Form 144 regulatory

"submitted a Form 144 notice to sell 10,000 shares"

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.

10b5-1 regulatory

"10b5-1 Sales for LAURA SANDLER"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

Exercise of Stock Options financial

"05/01/2026 Exercise of Stock Options Issuer 10000"

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	10000	684100.00	49542691	05/01/2026	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	05/01/2026	Exercise of Stock Options	Issuer			10000	05/01/2026	Cash

* 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
LAURA SANDLER 855 Oak Grove Avenue Suite 100 Menlo Park CA 94025	Common	03/16/2026	600	24780.00
10b5-1 Sales for LAURA SANDLER 855 Oak Grove Avenue Suite 100 Menlo Park CA 94025	Common	03/02/2026	5000	167821.50

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 Laura Sandler's Form 144 for ORKA mean?

It notifies a broker of an intended sale of securities by an affiliate or control person. The notice lists a proposed sale of 10,000 shares dated 05/01/2026, tied to an exercise of stock options.

How many shares did Laura Sandler recently sell before this Form 144?

The filing records two recent dispositions: 5,000 shares sold for $167,821.50 on 03/02/2026 and 600 shares sold for $24,780.00 on 03/16/2026, both shown in the notice.

Is the 10,000-share figure in the Form 144 already sold?

No. The filing shows an intended sale of 10,000 shares scheduled with an exercise of stock options on 05/01/2026; execution and reporting will occur if and when the sale is completed.

Were any of the prior sales executed under a trading plan?

Yes. The notice identifies the prior transactions as 10b5-1 sales, indicating they were executed under a pre-arranged trading plan for the reporting person on the dates shown.