Planned 160,000-share insider sale in SARO (NYSE: SARO) detailed in Form 144

Rhea-AI Filing Summary

A Form 144 notice discloses a planned sale of 160,000 shares of common stock, with an aggregate market value of 4,942,400.00, to be executed through Morgan Stanley Smith Barney LLC on the NYSE. The seller acquired these shares on 04/04/2019 in an investment purchase from the issuer and fully paid on the same date. The filing also lists recent Rule 10b5-1 sales for RSSA FORD FAMILY LLC, showing four separate transactions of 40,000 shares each on 01/05/2026, 01/06/2026, 01/07/2026, and 01/08/2026, with gross proceeds ranging from 1,209,548.00 to 1,230,332.00. As of the notice, 334,470,264 shares of the issuer’s common stock were outstanding.

Insights

Equity markets and insider-transactions analyst

Form 144 outlines a sizable but routine planned insider sale under Rule 144.

This notice documents an intention to sell 160,000 common shares, valued at about 4,942,400.00, against a base of 334,470,264 shares outstanding. The seller acquired the shares in an investment purchase from the issuer in 2019, indicating a multi‑year holding period before sale.

The filing also details four prior Rule 10b5-1 sales for RSSA FORD FAMILY LLC, each for 40,000 shares in early January 2026, with gross proceeds around 1.2M per trade. Rule 144 and 10b5-1 structures are designed to provide a transparent framework for resales by affiliates or large holders, and the notice primarily serves as disclosure rather than signaling any stated change in company fundamentals.

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

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	160000	4942400.00	334470264	02/02/2026	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	04/04/2019	Investment Shares - Self Purchased	Issuer			160000	04/04/2019	N/A

* 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 RSSA FORD FAMILY LLC 6710 North Scottsdale Road, Suite 250 Scottsdale AZ 85253	Common	01/08/2026	40000	1230332.00
10b5-1 Sales for RSSA FORD FAMILY LLC 6710 North Scottsdale Road, Suite 250 Scottsdale AZ 85253	Common	01/07/2026	40000	1209548.00
10b5-1 Sales for RSSA FORD FAMILY LLC 6710 North Scottsdale Road, Suite 250 Scottsdale AZ 85253	Common	01/06/2026	40000	1218404.00
10b5-1 Sales for RSSA FORD FAMILY LLC 6710 North Scottsdale Road, Suite 250 Scottsdale AZ 85253	Common	01/05/2026	40000	1207336.00

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 this Form 144 filing for SARO disclose?

The Form 144 discloses an intended sale of 160,000 common shares with an aggregate market value of 4,942,400.00. It also lists prior Rule 10b5-1 sales and confirms 334,470,264 shares of common stock were outstanding at the time of the notice.

How many SARO shares are planned to be sold under this Form 144?

The notice covers a planned sale of 160,000 shares of common stock. These shares were originally acquired on 04/04/2019 through an investment purchase from the issuer, with full payment made on that same date according to the filing.

What is the approximate value of the SARO shares to be sold?

The planned sale totals an aggregate market value of 4,942,400.00 for 160,000 shares. This value comes directly from the Form 144 securities information table, which pairs the share count with the stated market value for the proposed NYSE sale.

Which broker and exchange are involved in the SARO Form 144 sale?

The planned transaction designates Morgan Stanley Smith Barney LLC Executive Financial Services as broker, with trading on the NYSE. This indicates the seller intends to execute the 160,000-share sale of common stock through a major brokerage on a national securities exchange.

What recent 10b5-1 sales related to SARO are reported in this filing?

The filing lists four Rule 10b5-1 sales for RSSA FORD FAMILY LLC, each for 40,000 common shares on 01/05/2026, 01/06/2026, 01/07/2026, and 01/08/2026. Gross proceeds per trade range from 1,209,548.00 to 1,230,332.00.

How many SARO shares were outstanding when this Form 144 was filed?

The Form 144 states that 334,470,264 shares of the issuer’s common stock were outstanding. This figure provides context for the relative size of the planned 160,000-share sale disclosed in the securities information section of the notice.