SARO (NYSE: SARO) files Rule 144 notice to sell 12,442 shares

Rhea-AI Filing Summary

SARO Rule 144 filing for proposed sale of 12,442 shares of Common Stock. The filing lists Common Stock acquired upon the vesting of restricted stock units granted on 04/15/2025. The filing record shows a filing/date entry of 04/16/2026 and lists Morgan Stanley Smith Barney LLC as the broker. The securities were acquired in connection with services rendered to the issuer.

Insights

Securities Counsel

Rule 144 notice records a planned resale of vested RSU shares.

The filing indicates 12,442 shares of Common Stock were acquired upon the vesting of restricted stock units on 04/15/2025 and are the subject of the Rule 144 notice. The broker listed is Morgan Stanley Smith Barney LLC.

Rule 144 filings are procedural steps identifying proposed resale by an affiliate or non‑affiliate; timing and method of any sale are not specified in the excerpt and will depend on compliance with Rule 144 conditions and broker execution.

Key Figures

Shares to be sold: 12,442 shares RSU grant date: 04/15/2025 Filing entry date: 04/16/2026 +1 more

4 metrics

Shares to be sold 12,442 shares Acquired upon RSU vesting on 04/15/2025

RSU grant date 04/15/2025 Restricted stock units grant/vesting date stated in filing

Filing entry date 04/16/2026 Date shown in filing line alongside NYSE and numeric fields

Broker numeric entry 31217.76 Numeric field appearing in the filing line entry

Key Terms

restricted stock units, Rule 144, broker

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

"144: 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 financial

"Morgan Stanley Smith Barney LLC 1 New York Plaza, 8th Floor NY NY 10004"

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	1141	31217.76	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			12442	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 the SARO Form 144 disclose about the securities being sold?

The Form 144 discloses a proposed sale of 12,442 shares of Common Stock. These shares were acquired upon the vesting of restricted stock units granted on 04/15/2025, and the broker listed is Morgan Stanley Smith Barney LLC.

When were the shares acquired according to the SARO filing?

The shares were acquired on 04/15/2025 upon RSU vesting. The filing explicitly states the Common Stock was acquired upon vesting of restricted stock units granted on 04/15/2025 for services rendered to the issuer.

Who is the broker listed on the SARO Form 144?

Morgan Stanley Smith Barney LLC is listed as the broker. The filing shows the broker address as 1 New York Plaza, 8th Floor, NY, NY 10004 alongside the security sale entries.

What is the filing date shown on the SARO Form 144?

The filing entry includes the date 04/16/2026. That date appears in the filing line alongside NYSE and other numeric fields in the provided excerpt.