Howard Horn sells RARE shares (NASDAQ: RARE) in Form 144 disclosure

Rhea-AI Filing Summary

RARE files a Form 144 notice reporting proposed and recent resales of common stock by a selling holder. The filing lists proposed restricted stock to be sold by the issuer dated 10/09/2024 (1744 shares) and 10/09/2025 (1375 shares). It also records three reported sales by Howard Horn on 12/10/2025 (3081 shares, $112,086.78), 01/02/2026 (3150 shares, $71,946.00), and 02/02/2026 (3061 shares, $72,117.16).

Insights

Compliance Counsel

Form 144 documents proposed and recent resale transactions by a holder, as required under resale rules.

Form 144 is a notice of intent to sell restricted or control securities; this filing lists two issuer-designated restricted stock tranches (1744 and 1375 shares) and three recent sales by Howard Horn with exact share counts and sale proceeds.

Regulatory focus: ensure broker-dealer handling and resale rule conditions are met. Subsequent transfer agent or broker filings will confirm settlement; timing and methods of future sales are not specified in the excerpt.

Corporate Finance Analyst

The reported transactions are modest in scale relative to typical public float and are routine resale disclosures.

The excerpt provides precise sale dates, share counts (3081; 3150; 3061) and aggregate proceeds for each sale. It also lists two restricted-share items dated 10/09/2024 and 10/09/2025 with 1744 and 1375 shares respectively.

Impact assessment: cash flows and dilution implications are small based on the reported counts; follow-on filings or trading records would show actual market impact.

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	3119	70302.26	96629788	03/02/2026	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	10/09/2024	Restricted Stock	ISSUER			1744	10/09/2024	Not Applicable
Common	10/09/2025	Restricted Stock	ISSUER			1375	10/09/2025	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
HOWARD HORN 60 Leveroni Court Novato CA 94949	Common	02/02/2026	3061	72117.16
HOWARD HORN 60 Leveroni Court Novato CA 94949	Common	01/02/2026	3150	71946.00
HOWARD HORN 60 Leveroni Court Novato CA 94949	Common	12/10/2025	3081	112086.78

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 RARE Form 144 filing report?

The filing reports proposed and recent resales of common stock by a holder and issuer. It lists restricted stock tranches of 1744 and 1375 shares and three sales by Howard Horn with exact shares and proceeds.

Who is the selling holder named in the RARE Form 144?

The selling holder shown is Howard Horn. The excerpt records three sales by him on 12/10/2025, 01/02/2026, and 02/02/2026 with specified share counts and proceeds.

How many shares and proceeds were reported sold by Howard Horn?

The filing lists sales of 3081 shares for $112,086.78, 3150 shares for $71,946.00, and 3061 shares for $72,117.16. Each sale date is shown in the excerpt.

Does this Form 144 register new shares for issuance by RARE?

No registration is shown; the filing documents resale notices and past sales. It lists restricted stock items dated 10/09/2024 and 10/09/2025 with share counts but does not state any primary registered offering.

Where can investors find more details about these transactions?

Further details would appear in subsequent SEC filings or broker settlement records. The excerpt provides sale dates, share counts, and proceeds; additional transaction mechanics are not included here.