RARE (NASDAQ: RARE) affiliate reports insider sales and scheduled awards

Rhea-AI Filing Summary

RARE affiliate disclosed proposed and recent resales of Common Stock on a Form 144. The filing lists scheduled issuances of Restricted Stock and Performance Shares with grant dates and quantities, and records two recent open-market sales by Howard Horn of 4,653 shares on 06/01/2026 for $110,601.81 and 4,683 shares on 05/01/2026 for $116,606.70.

Insights

Corporate Governance Analyst

Form 144 lists proposed affiliate resales and recent transactions by Howard Horn.

The filing enumerates scheduled securities tied to restricted stock and performance shares with specific grant dates and quantities, which are typical elements when affiliates or insiders plan dispositions.

Cash‑flow treatment and any holding‑period or lockup conditions are not shown in the excerpt; subsequent filings or broker confirmations would disclose execution details and timing.

Key Figures

Sale - 06/01/2026: 4,653 shares Proceeds - 06/01/2026: $110,601.81 Sale - 05/01/2026: 4,683 shares +5 more

8 metrics

Sale - 06/01/2026 4,653 shares Sale by Howard Horn on <date>06/01/2026</date>

Proceeds - 06/01/2026 <money>$110,601.81</money> Amount reported for the 4,653‑share sale

Sale - 05/01/2026 4,683 shares Sale by Howard Horn on <date>05/01/2026</date>

Proceeds - 05/01/2026 <money>$116,606.70</money> Amount reported for the 4,683‑share sale

Restricted Stock grant 421 shares Grant date <date>10/09/2024</date>

Restricted Stock grant 1,322 shares Grant date <date>03/01/2025</date>

Restricted Stock grant 1,350 shares Grant date <date>10/09/2025</date>

Restricted/Performance grants 944 restricted + 661 performance shares Grant date <date>03/01/2026</date>

Key Terms

Restricted Stock, Performance Shares, Form 144

3 terms

Restricted Stock financial

"Securities To Be Sold line items list "Restricted Stock" with grant dates"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Performance Shares financial

"One entry reads "Performance Shares | Issuer | ... 661 | 03/01/2026""

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

Form 144 regulatory

"Top of excerpt indicates filer and securities information in a Form 144 context"

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/01/2026 - 04:19 PM Accepted by SEC EDGAR 07/01/2026 - 04:19 PM Learn about SEC filing dates

FAQ

Who is reported as selling shares in the RARE Form 144?

The filing lists Howard Horn as the seller. It records sales of 4,653 shares on 06/01/2026 for $110,601.814,683 shares on 05/01/2026 for $116,606.70

What types of securities are listed for resale in the RARE filing?

The filing lists planned sales of Common stock originating from Restricted Stock grants and Performance Shares, each tied to specific grant dates and share quantities as shown in the excerpt.

Which grant dates and quantities appear in the RARE Form 144?

The excerpt shows grant dates and quantities including 10/09/2024 — 421 shares, 03/01/2025 — 1,322 shares, 10/09/2025 — 1,350 shares, and 03/01/2026 — 944 restricted + 661 performance shares.

Do the Form 144 entries specify how proceeds will be used?

The provided excerpt does not include any statement about the use of proceeds. The filing lists securities, grant dates, and recent sales amounts but does not attach a proceeds‑use clause.

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	4698	155644.74	98489224	07/01/2026	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			421	10/09/2024	Not Applicable
Common	03/01/2025	Restricted Stock	Issuer			1322	03/01/2025	Not Applicable
Common	10/09/2025	Restricted Stock	Issuer			1350	10/09/2025	Not Applicable
Common	03/01/2026	Restricted Stock	Issuer			944	03/01/2026	Not Applicable
Common	03/01/2026	Performance Shares	Issuer			661	03/01/2026	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	06/01/2026	4653	110601.81
HOWARD HORN 60 Leveroni Court Novato CA 94949	Common	05/01/2026	4683	116606.70

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)