[144] Super League Enterprise, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 filing for Super League Enterprise, Inc. (SLE) shows a proposed sale and recent sales by an insider. The filer plans to sell 5,738 common shares (aggregate market value $28,869.03) on 09/26/2025 through Rockefeller Capital Management on Nasdaq. These 5,738 shares were acquired on 11/19/2024 by conversion of Series AAAA Convertible Preferred into common stock; payment/completion noted 07/18/2025. The notice also discloses two recent sales by Michael Keller: 30,000 shares on 09/24/2025 for $219,497.32 and 10,000 shares on 09/25/2025 for $52,449.67. The filer certifies no undisclosed material adverse information.

Positive

• Conversion disclosed: 5,738 common shares resulted from conversion of Series AAAA Convertible Preferred, providing transparent origin of shares
• Planned sale disclosed with broker: Proposed sale on 09/26/2025 through Rockefeller Capital Management on Nasdaq, meeting Rule 144 disclosure standards
• Filer attestation: The signer represents there is no undisclosed material adverse information

Negative

• Recent insider sales: Michael Keller sold 30,000 shares on 09/24/2025 for $219,497.32 and 10,000 shares on 09/25/2025 for $52,449.67, totaling 40,000 shares and $271,946.99 in gross proceeds
• Outstanding shares context: Disclosed outstanding share count is 1,078,043, making the 40,000-share recent sales a noticeable portion of the float

Insights

Securities Analyst

TL;DR: Routine Rule 144 notice with insider conversion and small subsequent sales; not obviously transformative for SLE.

The filing documents a conversion of preferred shares into 5,738 common shares and a proposed sale of those shares through a broker on Nasdaq. It also reports recent open-market dispositions by an insider totaling 40,000 shares generating $271,946.99 in gross proceeds. Given the issuer's stated outstanding share count of 1,078,043, the disclosed transactions represent a modest portion of equity rather than a controlling shift. This appears to be a compliance disclosure under Rule 144 rather than an operational or financing event.

Compliance/Risk Analyst

TL;DR: Filing meets Rule 144 disclosure requirements; recent insider sales warrant monitoring for signaling but show standard attestation.

The filer affirms absence of undisclosed material adverse information and provides acquisition details (conversion date 11/19/2024) and payment timing (07/18/2025). The disclosure is procedurally complete for a proposed sale and prior three-month sales. From a compliance perspective, documentation of broker, sale dates, share counts, and gross proceeds aligns with Rule 144 expectations. No regulatory red flags are visible within the provided content.

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	Rockefeller Capital Management 2000 Avenue of the Starts, Suite 530-N Los Angeles CA 90067	5738	28869.03	1078043	09/26/2025	NASDAQ

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	11/19/2024	Conversion of Series AAAA - Convertible Preferred into Common stock	Issuer			5738	07/18/2025	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
Michael Keller 2450 Colorado Ave, Suite 100E Santa Monica CA 90404	30,000	09/24/2025	30000	219497.32
Michael Keller 2450 Colorado Ave, Suite 100E Santa Monica CA 90404	10000	09/25/2025	10000	52449.67

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 Form 144 for Super League Enterprise (SLE) report?

The form reports a proposed sale of 5,738 common shares (aggregate market value $28,869.03) to occur on 09/26/2025 and documents recent insider sales totaling 40,000 shares.

How were the 5,738 shares acquired according to the filing?

The shares were acquired on 11/19/2024 by conversion of Series AAAA Convertible Preferred into common stock; payment/completion noted 07/18/2025.

Who handled the proposed sale and on which exchange will it occur?

The proposed sale lists Rockefeller Capital Management as the broker and the sale is to be executed on NASDAQ.

What were the gross proceeds from the insider sales disclosed?

Michael Keller's sales generated gross proceeds of $219,497.32 (30,000 shares on 09/24/2025) and $52,449.67 (10,000 shares on 09/25/2025), totaling $271,946.99.

Does the filer state any undisclosed material adverse information?

Yes. By signing the notice, the person represents they do not know any material adverse information regarding the issuer that has not been publicly disclosed.