Planned 40,000-share sale at NASDAQ issuer (PSNL) disclosed
Rhea-AI Filing Summary
A shareholder has filed a notice of proposed sale for 40,000 shares of common stock, to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services on or about 01/22/2026. The filing lists an aggregate market value of 386,000.00 for these shares and identifies the securities as listed on NASDAQ. The shares to be sold were acquired on 01/22/2026 via an exercise of stock options, paid for in cash on the same date. Over the prior three months, the filing reports that 103,668 common shares were sold for gross proceeds of 1,117,065.47 in Rule 10b5-1 sales for AARON L TACHIBANA.
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Insights
Form 144 shows a planned 40,000-share sale following earlier 10b5-1 sales.
The notice describes a proposed sale of 40,000 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of 386,000.00 and an anticipated sale date of 01/22/2026 on NASDAQ. The shares come from a stock option exercise completed and paid in cash on the same date, indicating a standard option-exercise-and-sell pattern.
The filing also discloses prior activity: over the past three months, 103,668 common shares were sold, generating gross proceeds of 1,117,065.47 in 10b5-1 sales for AARON L TACHIBANA. Rule 10b5-1 plans are pre-arranged trading programs intended to systematize sales. Overall, this document records planned and recent share sales by an affiliated holder without providing further financial or strategic information about the issuer.