Proposed sale of 12,296 SARO shares (NYSE: SARO) via broker notice

Rhea-AI Filing Summary

SARO submitted a Form 144 reporting a proposed resale of 12,296 shares of Common Stock acquired upon the vesting of restricted stock units on 04/15/2025. The broker listed is Morgan Stanley Smith Barney LLC (New York). The securities are Common Stock listed on the NYSE; timing and proceeds details are not included in the excerpt.

Insights

Securities Compliance Counsel

Form 144 notifies the broker of a proposed resale under Rule 144.

Form 144 serves as a notice to a broker-dealer that an affiliate or holder intends to sell restricted or control securities in reliance on Rule 144. The filing lists 12,296 shares acquired on 04/15/2025 upon RSU vesting.

Whether the sale proceeds depends on meeting Rule 144 conditions (public information, volume limitations, holding period); subsequent broker activity or Form 4/Form 144 amendments will show execution details.

Key Figures

Shares reported for resale: 12,296 shares Form type: Form 144 Exchange: NYSE +2 more

5 metrics

Shares reported for resale 12,296 shares acquired upon RSU vesting on 04/15/2025

Form type Form 144 notice of proposed resale under Rule 144

Exchange NYSE Common Stock listed on NYSE as stated in excerpt

Broker-dealer Morgan Stanley Smith Barney LLC broker address listed in filing excerpt

Acquisition date 04/15/2025 vesting date for restricted stock units

Key Terms

restricted stock units, Form 144, 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.

Form 144 regulatory

"Filer Information | 144: Filer Information"

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.

broker-dealer financial

"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	1107	30287.52	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			12296	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 resale of 12,296 shares received on 04/15/2025. The filing states the shares were acquired upon vesting of restricted stock units and identifies Morgan Stanley Smith Barney LLC as the broker-dealer handling the proposed sale.

Are the SARO shares registered or restricted?

The shares were acquired via RSU vesting on 04/15/2025. The excerpt describes acquisition upon restricted stock unit vesting, indicating previously restricted shares became saleable under applicable resale rules.

Which broker-dealer is listed for the SARO sale?

Morgan Stanley Smith Barney LLC is listed as the broker-dealer. The filing includes the broker's New York address and indicates the broker is associated with the proposed resale notice.

Does the Form 144 confirm the sale was completed?

No — it is a notice of proposed sale, not confirmation of execution. Form 144 notifies a broker of intent to sell; execution details or proceeds would appear in later trade reports or amended filings.