Richard H. Sauer sells 5,000 OUT shares under 10b5-1 (OUT: NYSE)

Rhea-AI Filing Summary

OUT: Proposed sale of common stock by a selling holder. A Form 144 notice shows a 10b5-1 sale of 5,000 shares by Richard H. Sauer dated 06/15/2026 with a reported value of $156,770.50. The filing also lists earlier equity items: 465 shares tied to a Directed Share Program dated 03/27/2014 and 4,535 RSU/PSU dated 02/20/2023.

Insights

Compliance Attorney

Routine Form 144 sale recorded under a 10b5-1 plan; timing and plan status are explicit.

The excerpt records a 10b5-1 sale of 5,000 shares by Richard H. Sauer on 06/15/2026 for $156,770.50. The filing lists prior equity items with dates, which serve as background on the holder's positions.

Cash flows appear to be proceeds to the selling holder; the excerpt does not state any company receipt of proceeds. Subsequent filings or broker confirmations would show settlement details.

Equity Markets Analyst

Small, single-holder disposition; not a company issuance or shelf registration.

The filing documents a proposed disposition by a selling holder rather than an issuer sale. The excerpt includes a Directed Share Program entry and an RSU/PSU listing dated 02/20/2023 as contextual holdings information.

Activity scale is limited to the single 5,000-share sale reported; market impact depends on actual settlement and trading context not shown here.

Key Figures

Sale reported: 5,000 shares Reported value: $156,770.50 RSU/PSU listed: 4,535 RSU/PSU +2 more

5 metrics

Sale reported 5,000 shares 10b5-1 sale on <date>06/15/2026</date>

Reported value $156,770.50 Value tied to the 06/15/2026 sale

RSU/PSU listed 4,535 RSU/PSU Grant date <date>02/20/2023</date>

Directed Share Program 465 shares Program date <date>03/27/2014</date>

Large numeric field 176,063,510 Figure appearing in the excerpt with no explicit label

Key Terms

10b5-1, RSU/PSU, Directed Share Program

3 terms

10b5-1 regulatory

"10b5-1 Sales for RICHARD H. SAUER 90 Park Avenue"

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.

RSU/PSU financial

"Cash Common | 02/20/2023 | RSU/PSU | Issuer"

Directed Share Program financial

"Common | 03/27/2014 | Directed Share Program"

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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	5000	156650.00	176063510	06/16/2026	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 *
Common	03/27/2014	Directed Share Program	Issuer			465	03/27/2014	Cash
Common	02/20/2023	RSU/PSU	Issuer			4535	02/20/2023	N/A

* 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
10b5-1 Sales for RICHARD H. SAUER 90 Park Avenue, 9th Floor New York NY 10016	COMMON	06/15/2026	5000	156770.50

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 the Form 144 for OUT show about the transaction?

The Form 144 records a 10b5-1 sale of 5,000 shares by Richard H. Sauer on 06/15/2026, with a reported value of $156,770.50. It lists earlier equity items dated 03/27/2014 and 02/20/2023 as background.

Who is the selling holder listed in the OUT excerpt?

The selling holder is identified as Richard H. Sauer, with an address shown in New York. The excerpt attributes the 10b5-1 sales entry to Sauer and records the sale date as 06/15/2026.

How many shares and what value are reported in the OUT filing?

The excerpt reports a proposed sale of 5,000 shares with a reported gross value of $156,770.50. Those figures are tied to the single 10b5-1 transaction dated 06/15/2026 in the excerpt.

Does the filing show shares issued by OUT or issuer proceeds?

The document lists a selling-holder disposition under a 10b5-1 plan; it does not show an issuer primary sale or state that the company will receive proceeds. The excerpt ties the value to the selling holder rather than the issuer.

What other equity items are listed in the excerpt for OUT?

The excerpt lists 465 shares under a Directed Share Program dated 03/27/2014 and 4,535 RSU/PSU dated 02/20/2023, presented as contextual equity entries in the filing.