[144] Rambus Inc SEC Filing

Rhea-AI Filing Summary

Rambus filed a Form 144 reporting an intended sale of 7,500 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $551,447.25. The filing lists total shares outstanding as 107,593,820 and gives an approximate sale date of 08/08/2025. The shares were acquired on 11/08/2023 by exercising shares from the issuer and were paid for in cash on that date.

The notice includes the seller's representation that they do not know of any undisclosed material adverse information about the issuer. The filing reports nothing to report for sales in the past three months and provides the broker's address for the transaction.

Insights

Financial Analyst

TL;DR Proposed sale of 7,500 shares (~0.007% of outstanding), aggregate value $551,447 — immaterial for valuation or market impact.

The filing documents a small, routine Rule 144 notice: 7,500 shares are being offered via Morgan Stanley Smith Barney with an approximate sale date of 08/08/2025. Using the reported outstanding share count of 107,593,820, the 7,500 shares represent roughly 0.007% of the float, so the direct market impact and dilution are negligible. The transaction was originally acquired by exercise on 11/08/2023 and paid in cash, which is consistent with standard insider share exercises followed by eventual disposition.

Corporate Governance Expert

TL;DR Insider exercised shares in 2023 and now plans a modest sale; disclosure follows Rule 144 and raises no governance concerns from available facts.

The filer affirms they are unaware of undisclosed material adverse information, and the form shows no other sales in the prior three months. Broker information and acquisition details are disclosed (exercise on 11/08/2023, cash payment). Based solely on the provided content, this appears to be a routine compliance disclosure rather than a governance red flag or a material insider event.

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	7500	551447.25	107593820	08/08/2025	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	11/08/2023	Exercised Shares	Issuer			7500	11/08/2023	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

Nothing to Report

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 Rambus's Form 144 (RMBS) report?

The filing reports an intended sale of 7,500 common shares through Morgan Stanley Smith Barney, aggregate market value $551,447.25, approximate sale date 08/08/2025.

How many shares is the filer selling and what is the aggregate value?

The filer is offering 7,500 shares with an aggregate market value of $551,447.25.

When and how were the securities acquired for this sale?

The securities were acquired on 11/08/2023 by exercise of shares from the issuer and payment was made in cash on that date.

Does the filing report other sales in the past three months for the filer?

No. The filing states "Nothing to Report" for securities sold during the past three months.

Who is the broker handling the proposed sale for RMBS?

The broker listed is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza 8th Floor, New York NY 10004.

What percentage of outstanding shares does 7,500 represent for Rambus (RMBS)?

Based on the reported 107,593,820 shares outstanding, 7,500 shares equal approximately 0.007% of outstanding shares.