SARO (SARO) files Rule 144 notice to sell 8,480 vested shares

Rhea-AI Filing Summary

SARO reported a proposed sale of 8,480 shares of Common Stock acquired upon the vesting of restricted stock units granted and vested on 04/15/2025. The shares are identified for sale through a broker-dealer (Morgan Stanley Smith Barney LLC) under Rule 144 transfer notice procedures.

Key Figures

Shares proposed for sale: 8,480 shares RSU grant and vest date: 04/15/2025 Notice date shown in header: 04/16/2026

3 metrics

Shares proposed for sale 8,480 shares Identified for sale in the Form 144

RSU grant and vest date 04/15/2025 Restricted stock units granted and vested on this date

Notice date shown in header 04/16/2026 Date referenced in the filing header

Key Terms

restricted stock units, Rule 144, broker-dealer

3 terms

restricted stock units financial

"The Common Stock was acquired upon the vesting of restricted stock units granted on April 15, 2025."

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.

Rule 144 regulatory

"Securities To Be Sold"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

broker-dealer financial

"Common Stock | 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	764	20903.04	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			8480	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 disclose about the shares to be sold?

The Form 144 discloses a proposed sale of 8,480 shares of Common Stock acquired upon RSU vesting on 04/15/2025. The notice lists a broker-dealer (Morgan Stanley Smith Barney LLC) as the intermediary for the planned sale.

Were the SARO shares acquired as compensation or purchase?

The shares were acquired as compensation: they vested from restricted stock units granted on 04/15/2025. The filing states the acquisition source as services rendered to the Issuer, indicating compensation-related vesting.

Does the Form 144 confirm the sale has occurred for SARO shares?

No; the Form 144 is a proposed-sale notice and does not confirm execution. It notifies intent to sell 8,480 shares through a broker-dealer under Rule 144 procedures rather than reporting a completed transaction.

Who is listed as the broker-dealer for the SARO proposed sale?

The filing lists Morgan Stanley Smith Barney LLC (1 New York Plaza) as the broker-dealer. The broker-dealer is the intermediary named in the Rule 144 notice for handling the proposed sale of the securities.