SARO Rule 144 filing shows 10,000-share planned NYSE sale

Rhea-AI Filing Summary

SARO received a Form 144 notice indicating a planned sale of 10,000 common shares, with an aggregate market value $286,400. The approximate sale date is 10/15/2025, through Morgan Stanley Smith Barney LLC Executive Financial Services on the NYSE.

The filing lists 334,470,264 shares outstanding. The seller acquired the 10,000 shares on 04/04/2019 via a self-purchased investment paid in cash.

Recent Rule 10b5-1 activity is shown for Alexander F. Trapp, including 73,718 shares sold on 09/18/2025 for $2,068,165.86, 2,873 shares on 09/19/2025 for $80,444.00, and 4,035 shares on 09/23/2025 for $112,980.00.

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	10000	286400.00	334470264	10/15/2025	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	04/04/2019	Investment Shares - Self Purchased	Issuer			10000	04/04/2019	Cash

* 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 ALEXANDER F TRAPP 6710 North Scottsdale Road, Suite 250 Scottsdale AZ 85253	Common	09/23/2025	4035	112980.00
10b5-1 Sales for ALEXANDER F TRAPP 6710 North Scottsdale Road, Suite 250 Scottsdale AZ 85253	Common	09/19/2025	2873	80444.00
10b5-1 Sales for ALEXANDER F TRAPP 6710 North Scottsdale Road, Suite 250 Scottsdale AZ 85253	Common	09/18/2025	73718	2068165.86

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 SARO's Form 144 disclose?

A planned sale of 10,000 common shares with an aggregate market value of $286,400, targeting an approximate sale date of 10/15/2025 on the NYSE.

Which broker is listed for the SARO Form 144 sale?

The filing lists Morgan Stanley Smith Barney LLC Executive Financial Services as the broker.

How many SARO shares are outstanding per the notice?

The filing shows 334,470,264 shares outstanding.

When and how were the 10,000 shares acquired?

They were acquired on 04/04/2019 as an investment, self-purchased from the issuer and paid in cash.

What recent 10b5-1 sales are shown in the filing?

For Alexander F. Trapp: 73,718 shares on 09/18/2025 for $2,068,165.86; 2,873 on 09/19/2025 for $80,444.00; 4,035 on 09/23/2025 for $112,980.00.

Which exchange is named for the planned sale?

The NYSE is listed as the securities exchange.