Brokered sale notice for SAIL common stock via Morgan Stanley (NASDAQ: SAIL)

Rhea-AI Filing Summary

SAIL submitted a notice of proposed sale of Common Stock through Morgan Stanley Smith Barney LLC. The notice lists a RSU vesting event on 07/05/2026 tied to 148,310 shares and identifies the broker. The filing also discloses prior open-market dispositions by Brian Carolan: 18,477 shares sold on 04/08/2026 for $236,516.69 and 47,444 shares sold on 04/09/2026 for $543,688.60.

Insights

Securities Compliance Analyst

Form 144 notifies the market of intended resale; prior sales are disclosed.

Form 144 lists a broker (Morgan Stanley Smith Barney LLC) and a RSU vesting dated 07/05/2026 for 148,310 shares. The filing documents prior dispositions by an individual reporting person, with exact share counts and proceeds.

Timing and exact execution mechanics are not stated here; subsequent Form 4 or broker reports would show completed transactions and proceeds allocation. Further filings may clarify whether the vested shares were or will be sold.

Key Figures

RSU vesting: 148,310 shares Prior sale (04/08/2026): 18,477 shares Prior sale (04/09/2026): 47,444 shares +1 more

4 metrics

RSU vesting 148,310 shares vesting date 07/05/2026

Prior sale (04/08/2026) 18,477 shares proceeds $236,516.69

Prior sale (04/09/2026) 47,444 shares proceeds $543,688.60

Broker Morgan Stanley Smith Barney LLC listed as broker on Form 144

Key Terms

Form 144, RSU vesting, Brokered resale

3 terms

Form 144 regulatory

"Form 144 notice of proposed sale of securities"

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.

RSU vesting financial

"RSU vesting on 07/05/2026 tied to 148,310 shares"

RSU vesting is the process by which restricted stock units — a promise by a company to give shares to an employee — become actual, owned shares over time or when certain goals are met. Investors care because vested shares can dilute existing ownership when issued, and the timing of vesting affects when employees can sell shares, which can influence share supply, insider selling patterns, and company incentives.

Brokered resale market

"Securities to be sold through Morgan Stanley Smith Barney LLC"

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Available on EDGAR 07/07/2026 - 06:55 PM Accepted by SEC EDGAR 07/07/2026 - 06:54 PM Learn about SEC filing dates

FAQ

What does SAIL's Form 144 disclose?

The Form 144 discloses a proposed sale of Common Stock through Morgan Stanley Smith Barney LLC and a RSU vesting of 148,310 shares on 07/05/2026, plus two prior sales by Brian Carolan in April 2026.

Who is the broker named in the SAIL Form 144?

The filing names Morgan Stanley Smith Barney LLC as the broker, with an address at 1 New York Plaza, 8th Floor, New York, NY. The broker is listed for the proposed resale transactions.

What prior transactions are listed in the filing for Brian Carolan?

The filing shows Brian Carolan sold 18,477 shares on 04/08/2026 for $236,516.69 and 47,444 shares on 04/09/2026 for $543,688.60, reported under securities sold during the past three months.

Does the Form 144 confirm the sales were completed?

The Form 144 notifies of proposed sales and reports recent dispositions; it does not itself confirm completion of the proposed resale. Confirmation would appear in subsequent trade reports or broker filings.

What does 'RSU vesting' mean in this Form 144?

Here, RSU vesting indicates restricted stock units became issuable on 07/05/2026 for 148,310 shares. The filing lists this vesting event as the source of securities to be sold.

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 Stock	Morgan Stanley Smith Barney LLC 1 New York Plaza 8th Floor New York NY 10004	32468	528852	567182997	07/07/2026	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 stock	07/05/2026	RSU vesting	Issuer			148310	07/05/2026	Compensation

* 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
Brian Carolan 11120 Four Points Drive Suite 100 Austin TX 78726	Common Stock	04/08/2026	18477	236516.69
Brian Carolan 11120 Four Points Drive Suite 100 Austin TX 78726	Common Stock	04/09/2026	47444	543688.6

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)