Alan M. Reid sells SANM shares; broker listed (SANM)

Rhea-AI Filing Summary

Alan M. Reid reported proposed and recent sales of Common Stock under a Form 144 notice. The filing lists 01/02/2024 performance shares of 1,000 to be sold and records four completed sales in the past three months: 1,000 shares on 05/04/2026 for $225,000.00, 1,000 shares on 05/01/2026 for $218,170.00, 1,500 shares on 02/26/2026 for $240,954.75, and 3,500 shares on 02/13/2026 for $519,557.50. The filing names Morgan Stanley Smith Barney LLC as the broker-dealer address shown.

Insights

Corporate Securities Counsel

Form 144 lists proposed sales and recent dispositions by Alan M. Reid.

Form 144 is a notification of proposed resale of restricted or control securities; the excerpt shows a line item of 1,000 Performance Shares dated 01/02/2024. It also records four executed sales with exact share counts and proceeds in early 2026.

The cash‑flow treatment (who receives proceeds) and whether the 1,000 Performance Shares are still held or have transfer restrictions is not stated in the excerpt; subsequent filings or broker confirmations would clarify transfer mechanics and timing.

Equity Markets Analyst

Recent dispositions are shown with explicit proceeds and dates, providing clear transaction sizing.

The excerpt lists sale amounts: $225,000.00, $218,170.00, $240,954.75, and $519,557.50, tied to specific sale dates in 2026. These figures provide a precise record of recent liquidity events by the reporting person.

Impact on outstanding share count or company float is not included in the excerpt; context such as holdings after these transactions is absent and would be necessary to assess materiality.

Key Figures

Performance Shares listed: 1,000 shares Sale on 05/04/2026: 1,000 shares Sale on 05/01/2026: 1,000 shares +2 more

5 metrics

Performance Shares listed 1,000 shares Securities To Be Sold dated <date>01/02/2024</date>

Sale on 05/04/2026 1,000 shares Proceeds <money>$225,000.00</money>

Sale on 05/01/2026 1,000 shares Proceeds <money>$218,170.00</money>

Sale on 02/26/2026 1,500 shares Proceeds <money>$240,954.75</money>

Sale on 02/13/2026 3,500 shares Proceeds <money>$519,557.50</money>

Key Terms

Form 144, Performance Shares, Broker‑dealer (Morgan Stanley Smith Barney LLC)

3 terms

Form 144 regulatory

"The filing type that lists proposed resale of restricted/control 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.

Performance Shares financial

"Listed under "Securities To Be Sold" with <b>1,000</b> shares and date <date>01/02/2024</date>"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

Broker‑dealer (Morgan Stanley Smith Barney LLC) market

"Broker address shown as 1 New York Plaza 8th Floor New York NY 10004"

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	1000	248600.00	53597735	05/08/2026	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	01/02/2024	Performance Shares	Issuer			1000	01/02/2024	Not Applicable

* 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
ALAN M REID 2700 North First Street San Jose CA 95134	Common	05/04/2026	1000	225000.00
ALAN M REID 2700 North First Street San Jose CA 95134	Common	05/01/2026	1000	218170.00
ALAN M REID 2700 North First Street San Jose CA 95134	Common	02/26/2026	1500	240954.75
ALAN M REID 2700 North First Street San Jose CA 95134	Common	02/13/2026	3500	519557.50

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 the SANM Form 144 filing show about Alan M. Reid's sales?

It reports four recent sales: 1,000 shares on 05/04/2026 for $225,000.00, 1,000 on 05/01/2026 for $218,170.00, 1,500 on 02/26/2026 for $240,954.75, and 3,500 on 02/13/2026 for $519,557.50.

How many Performance Shares are listed for potential sale in the filing?

The filing lists 1,000 Performance Shares with a date of 01/02/2024. The excerpt identifies these shares under "Securities To Be Sold" but does not state additional transfer conditions in the provided text.

Who is the broker-dealer noted in the Form 144 excerpt for SANM?

The excerpt shows Morgan Stanley Smith Barney LLC, 1 New York Plaza, 8th Floor, New York, NY 10004 as the broker-dealer address associated with the transaction entries in the filing.

Do the Form 144 entries specify who received the proceeds from the recorded sales?

The excerpt provides sale proceeds for each transaction but does not state the party that received the proceeds; the filing shows amounts but does not disclose cash‑flow recipients in the provided text.

Are the recent sales recorded in a single month or spread over multiple dates?

The recorded sales are spread across 02/13/2026, 02/26/2026, 05/01/2026, and 05/04/2026, with specific share counts and proceeds listed for each date.