Richard Schwartz sells via 10b5-1; Morgan Stanley brokered trades (RSI)

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC (for Richard Schwartz) reported proposed sales of 141,667 shares of Common stock via a Form 144 notice. The filing lists multiple 10b5-1 sales executed in 2026, including 247,113, 247,114, 247,114, 90,482, and 61,765 share transactions on specific dates.

The notice identifies the broker as Morgan Stanley Smith Barney LLC and cites the sales as 10b5-1 plan executions; it does not state proceeds recipients beyond the selling holder or additional conditions.

Insights

Insider Transactions Analyst

Multiple scheduled 10b5-1 dispositions by Richard Schwartz are disclosed, with specific share counts and dates listed.

The filing lists a proposed sale notice of 141,667 shares and shows executed 10b5-1 sales on 2026-02-04, 2026-02-17, 2026-03-02, 2026-04-01, and 2026-04-16

These entries indicate routine, prearranged dispositions. Cash‑flow treatment to the issuer or use of proceeds is not stated in the excerpt; subsequent filings would be needed for further context.

Key Figures

Proposed sale (Form 144): 141,667 shares 10b5-1 sale: 247,114 shares 10b5-1 sale: 247,114 shares +4 more

7 metrics

Proposed sale (Form 144) 141,667 shares Securities To Be Sold line

10b5-1 sale 247,114 shares 02/04/2026 executed sale

10b5-1 sale 247,114 shares 02/17/2026 executed sale

10b5-1 sale 247,113 shares 03/02/2026 executed sale

10b5-1 sale 90,482 shares 04/01/2026 executed sale

10b5-1 sale 61,765 shares 04/16/2026 executed sale

Cash reported for a sale $4,901,214.53 03/02/2026 sale proceeds shown

Key Terms

Form 144, 10b5-1, Securities To Be Sold, Broker (Morgan Stanley Smith Barney LLC)

4 terms

Form 144 regulatory

"Form 144 notice and securities-to-be-sold line"

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 RICHARD SCHWARTZ entries"

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.

Securities To Be Sold financial

"Securities To Be Sold section listing 141,667"

Broker (Morgan Stanley Smith Barney LLC) market

"Listed as broker at 1 New York Plaza 8th Floor"

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	141667	3980842.70	103800112	05/01/2026	NYSE

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	12/29/2020	Founders Shares	Issuer			141667	12/29/2020	N/A

* 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 RICHARD SCHWARTZ 900 N. Michigan Avenue, Suite 950 Chicago IL 60611	Common	04/16/2026	61765	1395660.47
10b5-1 Sales for RICHARD SCHWARTZ 900 N. Michigan Avenue, Suite 950 Chicago IL 60611	Common	04/01/2026	90482	1994503.77
10b5-1 Sales for RICHARD SCHWARTZ 900 N. Michigan Avenue, Suite 950 Chicago IL 60611	Common	03/02/2026	247113	4901214.53
10b5-1 Sales for RICHARD SCHWARTZ 900 N. Michigan Avenue, Suite 950 Chicago IL 60611	Common	02/17/2026	247114	4155246.62
10b5-1 Sales for RICHARD SCHWARTZ 900 N. Michigan Avenue, Suite 950 Chicago IL 60611	Common	02/04/2026	247114	4352517.73

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 RSI disclose about Richard Schwartz's sales?

The Form 144 notifies of proposed sales and lists executed 10b5-1 sales. It shows a proposed sale of 141,667 shares and multiple 2026 10b5-1 sales with exact share counts and dates.

How many shares are listed as proposed for sale in the RSI Form 144?

The filing lists a proposed sale amount of 141,667 shares. This figure appears on the securities-to-be-sold line and is presented as the quantity in the notice.

Which 10b5-1 sale transactions are reported in the RSI excerpt?

The excerpt reports five 10b5-1 sales: 247,114 (02/04/2026), 247,114 (02/17/2026), 247,113 (03/02/2026), 90,482 (04/01/2026), and 61,765 (04/16/2026). Each line shows shares and cash amounts.

Who is the broker handling the transactions listed in the Form 144?

The broker named is Morgan Stanley Smith Barney LLC, located at 1 New York Plaza, 8th Floor. The filing lists that broker in the securities-to-be-sold section.

Does the Form 144 state how sale proceeds will be used or who receives them?

The excerpt does not specify the use of proceeds or any recipient beyond the selling holder. It lists cash amounts tied to each sale but does not state proceeds recipients or company receipt.