PIPR (NYSE: PIPR) Form 144 shows sale of 45,000 shares reported

Rhea-AI Filing Summary

PIPR reporting a proposed sale under Rule 144: 45,000 shares of Common Stock tied to restricted stock that vested on 01/17/2025. The filer listed is Morgan Stanley Smith Barney LLC and a sale date of 05/04/2026 is shown with proceeds of $3,474,774.00.

Key Figures

Shares offered/sold: 45,000 shares Proceeds: $3,474,774.00 Vesting date: 01/17/2025 +2 more

5 metrics

Shares offered/sold 45,000 shares Common Stock tied to vesting on 01/17/2025

Proceeds $3,474,774.00 Amount shown for sale on 05/04/2026

Vesting date 01/17/2025 Restricted stock vesting under a registered plan

Filer Morgan Stanley Smith Barney LLC Listed in filer information section

Recorded sale date 05/04/2026 Date shown next to the 45,000-share entry

Key Terms

Rule 144, restricted stock vesting, registered plan

3 terms

Rule 144 regulatory

"proposed sale under Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

restricted stock vesting financial

"Restricted stock vesting under a registered plan"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

registered plan regulatory

"vested under a registered plan on 01/17/2025"

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	45000	3621001.50	17822435	05/05/2026	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	01/17/2025	Restricted stock vesting under a registered plan	Issuer			45000	01/17/2025	Not Applicable

* 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
JONATHAN DOYLE 350 North 5th Street, Suite 1000 Minneapolis MN 55401	Common	05/04/2026	45000	3474774.00

144: Remarks and Signature

Remarks

Date of Notice

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 PIPR Form 144 show about the transaction?

The filing lists a proposed sale of 45,000 shares of Common Stock. It identifies Morgan Stanley Smith Barney LLC as filer and shows a sale date of 05/04/2026, with proceeds of $3,474,774.00.

Who is the selling party named in the PIPR Form 144?

The filing names Jonathan Doyle as the holder associated with the transaction. The record lists an address and ties the shares to restricted stock that vested on 01/17/2025 under a registered plan.

Are these shares restricted or unrestricted according to the filing?

The filing states the shares resulted from restricted stock vesting under a registered plan on 01/17/2025. The entry describes the securities as Common Stock tied to that vesting event.

How much cash is shown for the shares sold in the Form 144?

The excerpt lists proceeds of $3,474,774.00 associated with the 45,000 shares recorded on 05/04/2026. The filing pairs the share count and dollar amount on the same line.

Was a broker or dealer listed as filer in the PIPR Form 144?

Yes, the filing lists Morgan Stanley Smith Barney LLC with an office address at 1 New York Plaza. That entity is shown in the filer information section of the excerpt.