Broker files Form 144 as Christopher Hall sells 100,000 PSNL shares (PSNL)

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC filed a Form 144 reporting a proposed sale of 100,000 shares of Common Stock of PSNL on 06/26/2026 in connection with an exercise of stock options for cash. The filing also lists 10b5-1 sales by Christopher Hall of 80,091 shares for $882,843.09 on 05/29/2026 and 19,909 shares for $219,319.42 on 05/28/2026.

Insights

Securities Compliance Analyst

Form 144 reports a broker-handled, options-related sale and prior 10b5-1 dispositions.

The filing lists a 100,000-share proposed sale tied to an exercise of stock options scheduled for 06/26/2026, with cash as the payment method. It separately documents two completed 10b5-1 sales by Christopher Hall totaling 100,000 shares in May 2026.

These are routine broker-processed resale disclosures under Section 144; cash-flow treatment indicates proceeds tied to the exercise and subsequent broker sales. Subsequent filings or transfer records would show actual settlement details.

Key Figures

Proposed sale: 100,000 shares 10b5-1 sale (May 29): 80,091 shares 10b5-1 sale (May 28): 19,909 shares +2 more

5 metrics

Proposed sale 100,000 shares Proposed sale on 06/26/2026 tied to exercise of stock options

10b5-1 sale (May 29) 80,091 shares Sold 05/29/2026 for $882,843.09 by Christopher Hall

10b5-1 sale (May 28) 19,909 shares Sold 05/28/2026 for $219,319.42 by Christopher Hall

May 29 proceeds $882,843.09 Proceeds from 80,091-share sale on 05/29/2026

May 28 proceeds $219,319.42 Proceeds from 19,909-share sale on 05/28/2026

Key Terms

Form 144, 10b5-1, Exercise of Stock Options

3 terms

Form 144 regulatory

"filed a Form 144 reporting a proposed sale of 100,000 shares"

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.

10b5-1 regulatory

"10b5-1 Sales for CHRISTOPHER HALL 05/29/2026 80,091 882,843.09"

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.

Exercise of Stock Options financial

"06/26/2026 Exercise of Stock Options Issuer 100000 Cash"

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Available on EDGAR 06/26/2026 - 04:25 PM Accepted by SEC EDGAR 06/26/2026 - 04:25 PM Learn about SEC filing dates

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	100000	1259000.00	104721098	06/26/2026	NASDAQ

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	06/26/2026	Exercise of Stock Options	Issuer			100000	06/26/2026	Cash

* 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 CHRISTOPHER HALL 6600 Dumbarton Circle Fremont CA 94555	Common	05/29/2026	80091	882843.09
10b5-1 Sales for CHRISTOPHER HALL 6600 Dumbarton Circle Fremont CA 94555	Common	05/28/2026	19909	219319.42

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 the Form 144 for PSNL disclose?

It discloses a proposed sale of 100,000 shares on 06/26/2026 tied to an exercise of stock options, plus two completed 10b5-1 sales totaling 100,000 shares in May 2026 for specific dollar proceeds.

Who conducted the May 2026 sales reported in the filing?

The May 2026 sales were executed under a 10b5-1 plan by Christopher Hall: 80,091 shares sold for $882,843.09 on 05/29/2026 and 19,909 shares sold for $219,319.42 on 05/28/2026.

What method of sale is listed for the June 26, 2026 transaction?

The filing states the 100,000-share transaction on 06/26/2026 arises from an exercise of stock options with the payment method listed as Cash and the broker identified as Morgan Stanley Smith Barney LLC.

Does the Form 144 show who receives the proceeds?

The filing ties the June 100,000-share entry to an exercise of stock options with cash specified; it does not otherwise allocate proceeds among parties beyond listing the broker and the selling individual, Christopher Hall.