Simulations Plus (SLP) Form 144 — 20,000 Founders Shares Proposed Sale

Rhea-AI Filing Summary

Form 144 notice for Simulations Plus, Inc. (SLP): An insider proposes to sell 20,000 shares of Common stock through Morgan Stanley Smith Barney on 10/01/2025 with an aggregate market value of $301,400.00. The shares were originally acquired as Founders Shares from the issuer on 07/01/1996. The filing reports 20,127,110 shares outstanding for the class and indicates no securities sold in the past three months by the reporting person. The filer certifies no undisclosed material adverse information and follows the Rule 144 notice format for proposed sale reporting.

Positive

• Disclosure complies with Rule 144 format by providing acquisition details, broker, planned sale date, and signature representation
• No sales in prior three months reported, simplifying aggregation for Rule 144 calculations
• Securities were long-held founders shares, indicating a long time between acquisition (07/01/1996) and proposed sale

Negative

• None — the filing does not disclose any material adverse information or company-specific negative developments

Insights

Securities Analyst

TL;DR: Routine insider notice to sell a small block of long-held founder shares; appears procedural rather than material.

This Form 144 discloses a proposed sale of 20,000 common shares with an aggregate market value of $301,400, scheduled via Morgan Stanley Smith Barney on 10/01/2025. The shares were originally acquired as founders shares on 07/01/1996 and no sales were reported in the prior three months. From a market-impact perspective, the disclosed block represents a small percentage of the 20,127,110 shares outstanding (~0.10%). The filing meets Rule 144 procedural requirements by providing acquisition details and the broker. There is no additional financial or operational information in the filing to suggest material company-level implications.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 obligations; the filing affirms the seller's certification about undisclosed material information.

The notice documents the provenance of the securities (founders shares acquired from the issuer in 1996) and specifies the planned broker and sale date. The filer also states there are no undisclosed material adverse facts, consistent with the signature declaration on Form 144. The record of no sales in the past three months simplifies aggregation calculations under Rule 144. The filing is a standard compliance disclosure without governance red flags evident from the provided data.

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	20000	301400.00	20127110	10/01/2025	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	07/01/1996	Founders Shares	Issuer			20000	07/01/1996	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

Nothing to Report

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 the Form 144 filed for Simulations Plus (SLP) disclose?

The filing discloses a proposed sale of 20,000 common shares via Morgan Stanley Smith Barney on 10/01/2025, with an aggregate market value of $301,400.00.

How were the 20,000 shares acquired according to the filing?

The shares were acquired as Founders Shares from the issuer on 07/01/1996.

Does the Form 144 report any securities sold in the past three months for SLP?

No. The filing states Nothing to Report for securities sold during the past three months by the reporting person.

What broker is handling the proposed sale in the Form 144?

The proposed sale is to be handled by Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.

How many shares outstanding does the filing show for the class?

The Form 144 lists 20,127,110 shares outstanding for the class of common stock.