Insider sale: NIKI LEONDAKIS (REAL) to sell 12,945 shares on 04/27/2026

Rhea-AI Filing Summary

NIKI LEONDAKIS filed a Form 144 notice reporting a proposed sale of 12,945 shares of Common Stock via stock option exercise to be effected on 04/27/2026. The filing also reports 7,055 shares sold on 04/24/2026 for $87,270.35.

Insights

Corporate Securities Compliance Specialist

Routine Form 144 sale notice for option exercise and prior recent sales.

The filing lists a proposed disposition of 12,945 shares via a stock option exercise with cash proceeds treatment noted for the transaction dated 04/27/2026. It also records prior dispositions of 7,055 shares on 04/24/2026 for $87,270.35.

These disclosures are procedural: they notify the market of intended/resolved restricted-share sales under Rule 144 requirements. Subsequent SEC filings or trade reports will confirm execution details and final proceeds.

Key Figures

Proposed shares to be sold: 12,945 shares Prior shares sold (past 3 months): 7,055 shares Proceeds from prior sale: $87,270.35 +2 more

5 metrics

Proposed shares to be sold 12,945 shares Stock option exercise scheduled 04/27/2026

Prior shares sold (past 3 months) 7,055 shares Sale dated 04/24/2026

Proceeds from prior sale $87,270.35 Proceeds reported for 7,055-share sale on 04/24/2026

Amount appearing with proposed sale $160,129.65 Figure shown alongside 12,945-share entry in the excerpt

Broker/Dealer listed Morgan Stanley Smith Barney LLC Listed with the 12,945-share transaction

Key Terms

Form 144, Stock Option Exercise, Issuer, Morgan Stanley Smith Barney LLC

4 terms

Form 144 regulatory

"filed a Form 144 notice reporting a proposed sale"

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.

Stock Option Exercise financial

"Stock Option Exercise with cash proceeds treatment"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

Issuer legal

"Stock Option Exercise | Issuer | 12945"

Morgan Stanley Smith Barney LLC other

"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"

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	12945	160129.65	118982805	04/27/2026	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	04/27/2026	Stock Option Exercise	Issuer			12945	04/27/2026	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
NIKI LEONDAKIS 55 Francisco Street Suite 400 San Francisco CA 94133	Common	04/24/2026	7055	87270.35

144: Remarks and Signature

Remarks

Date of Notice

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 REAL Form 144 filed by NIKI LEONDAKIS report?

The Form 144 reports a proposed sale of 12,945 shares via stock option exercise on 04/27/2026. It also discloses a prior sale of 7,055 shares on 04/24/2026 for $87,270.35.

Does the Form 144 show how the 12,945 shares will be sold?

Yes. The filing lists the method as a Stock Option Exercise with cash proceeds treatment for the transaction dated 04/27/2026. No broker execution details are provided in the excerpt.

Who is the broker listed on the Form 144 for these transactions?

The broker/dealer listed is Morgan Stanley Smith Barney LLC Executive Financial Services at 1 New York Plaza. The excerpt pairs this broker with the 12,945-share transaction dated 04/27/2026.

What proceeds are reported for recent sales in the filing?

The excerpt shows proceeds of $87,270.35 for a sale of 7,055 shares on 04/24/2026. A separate amount of $160,129.65 appears alongside the 12,945-share entry in the excerpt.

Will this Form 144 confirm final trade execution?

No. The Form 144 notifies planned or proposed sales under Rule 144; final execution and trade confirmations are reported through trade reports and subsequent filings rather than this notice alone.