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

Rhea-AI Filing Summary

Richard H. Sauer reported the sale of 10,000 shares of Common Stock under a Rule 10b5-1 plan. The filing lists two 10b5-1 dispositions: 5,000 shares sold on 06/15/2026 for $156,770.50 and 5,000 shares sold on 06/16/2026 for $155,390.56. The record also shows 176,063,510 shares outstanding as of 06/17/2026.

Insights

Corporate Governance Analyst

Insider executed planned, rule-based sales in mid-June 2026.

The filing identifies two 10b5-1 sales by Richard H. Sauer: 5,000 shares on 06/15/2026 for $156,770.50 and 5,000 shares on 06/16/2026 for $155,390.56. The transactions are labeled as 10b5-1 Sales, indicating they were effected under a pre-arranged trading plan.

These sales are routine disclosures of insider liquidity activity. Subsequent filings may show remaining holdings or additional plan trades; the excerpt does not state post-transaction holdings or other transfers.

Key Figures

Shares sold (total): 10,000 shares Proceeds — 06/15/2026 trade: $156,770.50 Proceeds — 06/16/2026 trade: $155,390.56 +1 more

4 metrics

Shares sold (total) 10,000 shares Two 10b5-1 sales on 06/15/2026 and 06/16/2026

Proceeds — 06/15/2026 trade $156,770.50 5,000 shares sold on 06/15/2026

Proceeds — 06/16/2026 trade $155,390.56 5,000 shares sold on 06/16/2026

Shares outstanding 176,063,510 shares as of 06/17/2026

Key Terms

10b5-1, Form 144, RSU/ PSU

3 terms

10b5-1 regulatory

"10b5-1 Sales for RICHARD H. SAUER 90 Park Avenue, 9th Floor"

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.

Form 144 regulatory

"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.

RSU/ PSU financial

"Common | 02/20/2023 | RSU/ PSU | ISSUER"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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	156200.00	176063510	06/17/2026	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	02/20/2023	RSU/ PSU	ISSUER			5000	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	06/16/2026	5000	155390.56
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 did Richard H. Sauer sell according to the Form 144 for OUT?

He sold a total of 10,000 shares of Common Stock across two trades. The filing shows 5,000 shares sold on 06/15/2026 for $156,770.50 and 5,000 shares sold on 06/16/2026 for $155,390.56.

Were the sales by Richard H. Sauer executed under a trading plan?

Yes. The transactions are identified as 10b5-1 Sales, indicating they were made pursuant to a pre-arranged trading plan. Each sale is labeled in the filing as a 10b5-1 sale on the listed dates in June 2026.

What proceeds were reported for the June 2026 sales in the Form 144?

The filing reports proceeds of $156,770.50 for the 5,000-share trade on 06/15/2026 and $155,390.56 for the 5,000-share trade on 06/16/2026. Those amounts are shown next to each sale entry.

Does the filing disclose total shares outstanding for OUT?

Yes. The excerpt lists 176,063,510 shares outstanding as of 06/17/2026. That figure appears on the same filer header line with the date 06/17/2026 and is shown alongside the securities information.