Insider plans sale of 533,333 common shares
An insider has filed a notice of intent to sell 533,333 common shares of the issuer through Morgan Stanley Smith Barney LLC, with an aggregate market value of 6,367,996.02.
Rhea-AI Filing Summary
An insider has filed a notice of intent to sell 533,333 common shares of the issuer through Morgan Stanley Smith Barney LLC, with an aggregate market value of 6,367,996.02. These shares are listed on the NYSE, and the filing notes that 91,776,804 shares of the same class are outstanding.
The securities to be sold are described as founders shares acquired from the issuer on 05/28/2010. The notice also reports that, in the past three months, there were Rule 10b5-1 sales for Dan Alexandru Solomon of 266,667 common shares on 12/30/2025, generating gross proceeds of 3,561,257.78. By signing, the seller represents they are not aware of any undisclosed material adverse information about the issuer.
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FAQ
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What representation does the seller make in this PD Form 144 notice?
By signing the notice, the person for whose account the securities are to be sold represents that they do not know any material adverse information about the issuer's current or prospective operations that has not been publicly disclosed. For Rule 10b5-1 plans, this representation applies as of the plan adoption or instruction date.
AI-generated analysis. How Rhea-AI works. Not financial advice.