Insider to sell 51,986 shares of Company (NASDAQ: SAIL) stock in filing
Rhea-AI Filing Summary
An insider has filed to sell 51,986 shares of common stock under Rule 144. The planned sale, through Morgan Stanley Smith Barney LLC on Nasdaq, has an aggregate market value of $1,034,669.53 based on the figures shown and is expected to occur on 01/07/2026.
The shares to be sold are tied to RSUs that vested on 01/05/2026, when 446,254 common shares were acquired from the issuer as compensation. Over the past three months, Mark McClain has sold additional common stock in several transactions, including 148,003 shares for $3,322,253.40, 175,425 shares for $3,933,624.49, and 61,106 shares for $1,175,122.94.
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FAQ
What does this Rule 144 filing for SAIL disclose?
This Rule 144 notice discloses an insider’s plan to sell 51,986 shares of common stock on Nasdaq through Morgan Stanley Smith Barney LLC, with an indicated aggregate market value of $1,034,669.53.
When and where are the 51,986 SAIL shares expected to be sold?
The filing indicates an approximate sale date of 01/07/2026, with the shares to be sold on the Nasdaq market through Morgan Stanley Smith Barney LLC.
How were the SAIL shares in this Rule 144 filing acquired?
The securities to be sold are common stock acquired via RSU vesting on 01/05/2026, when 446,254 shares were received from the issuer as compensation.
How many SAIL shares are shown as outstanding in this notice?
The table lists 561,625,760 shares of common stock as outstanding, providing a baseline figure for the issuer’s total share count.
What SAIL stock sales has Mark McClain made in the last 3 months?
The notice lists three recent common stock sales by Mark McClain: 148,003 shares for $3,322,253.40 on 10/08/2025, 175,425 shares for $3,933,624.49 on 10/09/2025, and 61,106 shares for $1,175,122.94 on 01/06/2026.
What representation does the insider make by signing this Rule 144 notice?
By signing, the person for whose account the securities are to be sold represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.