200,000-share Form 144 sale notice for PL via Morgan Stanley (NYSE: PL)

Rhea-AI Filing Summary

Holder submitted a Form 144 notice to sell 200,000 shares of common stock. The filing lists Morgan Stanley Smith Barney LLC as broker-dealer with an aggregate value of $7,176,000 and a filing date of 04/06/2026. The securities originate from Restricted Stock Units and Performance Stock Units dated 06/15/2023.

Insights

Securities Attorney

Form 144 is a regulatory notice of intent to sell, not a trade confirmation.

Form 144 notifies the SEC and market of an intended sale under Rule 144; it does not itself execute a sale. The filing lists the broker-dealer and the number of shares proposed for disposition.

Timing and execution details are not provided here; subsequent trade reports or a Form 4 (if required) would show completed transactions.

Equity Capital Markets Analyst

200,000 shares reported for sale equals a sizable single-holder notice but lacks execution specifics.

The filing identifies 200,000 shares tied to RSUs/PSUs with an aggregate value of $7,176,000. It lists the broker and filing date, but does not state how or when the shares will be sold.

Market impact depends on whether and how quickly the holder liquidates; no execution price or timing is disclosed in this excerpt.

Key Figures

Shares proposed for sale: 200,000 shares Aggregate value: $7,176,000 Filing date: 04/06/2026 +1 more

4 metrics

Shares proposed for sale 200,000 shares listed on Form 144

Aggregate value $7,176,000 value shown on filing (04/06/2026)

Filing date 04/06/2026 Form 144 filing date

Grant date for RSU/PSU 06/15/2023 Restricted Stock Units and Performance Stock Units grant date

Key Terms

Restricted Stock Units, Performance Stock Units, Form 144

3 terms

Restricted Stock Units financial

"Restricted Stock Units and Performance Stock Units dated 06/15/2023"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Performance Stock Units financial

"Restricted Stock Units and Performance Stock Units dated 06/15/2023"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

Form 144 regulatory

"Filer Information | 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.

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

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	200000	7176000.00	322655231	04/06/2026	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	06/15/2023	Restricted Stock Units and Performance Stock Units	Issuer			200000	06/15/2023	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

Nothing to Report

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 PL's Form 144 filing report?

It reports a proposed sale of 200,000 shares. The filing lists Morgan Stanley as the broker, an aggregate value of $7,176,000, and a filing date of 04/06/2026 tied to RSUs/PSUs dated 06/15/2023.

Does the Form 144 mean the shares have been sold for PL?

No — Form 144 is a notice of intent, not proof of sale. It signals the holder intends to sell under Rule 144; execution, prices, and settlement details are not provided in this filing excerpt.

How many shares and what value are listed in the PL Form 144?

The notice lists 200,000 shares valued at $7,176,000. These shares are described as originating from Restricted Stock Units and Performance Stock Units with grant date 06/15/2023.

Who is the broker-dealer named in the PL Form 144?

Morgan Stanley Smith Barney LLC is listed as the broker-dealer. The filing includes the broker's address and identifies NYSE as the market in the provided excerpt dated 04/06/2026.