SARO (NYSE) files Form 144 for 12,149 shares from vested RSUs

Rhea-AI Filing Summary

SARO filed a Form 144 reporting a proposed sale of Common Stock tied to 12,149 shares acquired upon RSU vesting on 04/15/2025. The notice lists broker-dealer Morgan Stanley Smith Barney LLC and an SEC filing date of 04/16/2026. The record shows Common Stock and a total of 12,149 shares noted as acquired for services rendered.

Insights

Securities Compliance Analyst

Form 144 notifies the market of an affiliate's intent to sell shares obtained from vested RSUs.

Form 144 is a regulatory notice required when an affiliate proposes to sell restricted or control securities in reliance on Rule 144. The filing lists 12,149 shares acquired upon vesting on 04/15/2025 and identifies Morgan Stanley Smith Barney LLC as broker-dealer.

Timing and execution details are not included in the excerpt; subsequent Form 4 or trade reports would show actual transactions. Review later filings for disposition timing and amounts actually sold.

Key Figures

Shares acquired upon vesting: 12,149 shares Form filing date: 04/16/2026 Broker-dealer listed: Morgan Stanley Smith Barney LLC +2 more

5 metrics

Shares acquired upon vesting 12,149 shares acquired on <date>04/15/2025</date> upon RSU vesting

Form filing date 04/16/2026 Form 144 recorded with broker information

Broker-dealer listed Morgan Stanley Smith Barney LLC broker address 1 New York Plaza, 8th Floor NY NY 10004

Exchange NYSE security market listed as NYSE in the excerpt

Record numeric fields shown 1094; 29931.84; 332654814 numeric entries present in the filing excerpt (unlabeled in excerpt)

Key Terms

restricted stock units, vesting, broker-dealer

3 terms

restricted stock units financial

"The Common Stock was acquired upon the vesting of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vesting financial

"acquired upon the vesting of restricted stock units granted on April 15, 2025"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

broker-dealer regulatory

"Morgan Stanley Smith Barney LLC 1 New York Plaza"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

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 NY NY 10004	1094	29931.84	332654814	04/16/2026	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 Stock	04/15/2025	The Common Stock was acquired upon the vesting of restricted stock units granted on April 15, 2025.	The Issuer			12149	04/15/2025	Services rendered to the Issuer

* 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

Nothing to Report

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 SARO's Form 144 report?

It reports a proposed sale of Common Stock tied to 12,149 shares acquired upon RSU vesting on 04/15/2025. The form names Morgan Stanley Smith Barney LLC as the broker-dealer and was recorded on 04/16/2026.

Were the shares newly issued or acquired by SARO before sale?

They were acquired upon the vesting of restricted stock units on 04/15/2025. The filing states the shares were received for services rendered, not issued in an offering.

Does the Form 144 show the number of shares already sold in the past three months?

The provided excerpt does not list any shares sold during the past three months. The filing's 'Securities Sold During The Past 3 Months' section appears blank in this excerpt.

Who is the broker-dealer handling the proposed sale in SARO's filing?

The filing names Morgan Stanley Smith Barney LLC at 1 New York Plaza, 8th Floor, NY, NY. That broker-dealer is listed in the 'Securities To Be Sold' section of the notice.