Executive 10b5-1 sales reported including $1.15M proceeds (NYSE: RSI)

Rhea-AI Filing Summary

Issuer: Morgan Stanley Smith Barney LLC reported a Form 144 notice relating to proposed sales of Common stock. The filing lists 50,000 shares described as Founders Shares with an original date of 12/29/2020. The filing also discloses two 10b5-1 sales by Daniel Kotcher: 48,286 shares on 04/17/2026 for $1,114,006.31 and 1,714 shares on 04/08/2026 for $39,474.79.

Insights

Securities Compliance Analyst

Form 144 lists proposed dispositions and recent 10b5-1 sales by an executive.

The notice records a proposed sale of 50,000 Founders Shares and documents two 10b5-1 dispositions totaling 50,000 shares executed in April 2026, yielding $1,153,481.10 in proceeds. The filing format is consistent with routine Section 16 compliance.

Timing and transfer mechanics are governed by the 10b5-1 plans referenced; cash‑flow recipients and any remaining holding after the transactions are not specified in the excerpt.

Key Figures

Proposed sale: 50,000 shares 10b5-1 sale (04/17/2026): 48,286 shares 10b5-1 sale (04/08/2026): 1,714 shares

3 metrics

Proposed sale 50,000 shares Founders Shares dated 12/29/2020

10b5-1 sale (04/17/2026) 48,286 shares Proceeds $1,114,006.31

10b5-1 sale (04/08/2026) 1,714 shares Proceeds $39,474.79

Key Terms

10b5-1, Form 144, Founders Shares

3 terms

10b5-1 regulatory

"10b5-1 Sales for DANIEL KOTCHER 900 N. Michigan Avenue"

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.

Form 144 regulatory

"Filer Information | 144: Filer Information"

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.

Founders Shares market

"Common | 12/29/2020 | Founders Shares"

Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.

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	50000	1200000.00	103175028	04/29/2026	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			50000	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 DANIEL KOTCHER 900 N. Michigan Avenue, Suite 950 Chicago IL 60611	Common	04/17/2026	48286	1114006.31
10b5-1 Sales for DANIEL KOTCHER 900 N. Michigan Avenue, Suite 950 Chicago IL 60611	Common	04/08/2026	1714	39474.79

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?

The Form 144 discloses a proposed sale of 50,000 Founders Shares dated 12/29/2020 and two 10b5-1 sales in April 2026 for a combined $1,153,481.10 in proceeds.

Who executed the recent 10b5-1 sales in the RSI filing?

Daniel Kotcher executed the two 10b5-1 sales: 48,286 shares on 04/17/2026 and 1,714 shares on 04/08/2026, per the filing.

How much cash was raised by the April 2026 sales listed in the filing?

The April 2026 transactions generated $1,114,006.31 (04/17/2026) and $39,474.79 (04/08/2026), totaling $1,153,481.10 as shown in the filing.

Are the 50,000 shares in the filing already sold?

The filing lists a proposed disposition of 50,000 Founders Shares dated 12/29/2020. The excerpt also records executed 10b5-1 sales in April 2026; the proposed 50,000-share sale is presented as the Form 144 notice.