Affiliate notifies SEC of proposed sale for SMA (NYSE: SMA) through Fidelity

Rhea-AI Filing Summary

Issuer filed a Form 144 notice for proposed sales of Common Stock. The filing lists a broker Fidelity Brokerage Services LLC and shows a proposed sale date of 03/16/2026. The excerpt lists previously vested restricted shares dated 06/10/2016 (234 shares) and 06/09/2017 (191 shares) associated with compensation.

Insights

Securities Compliance Counsel

Form 144 notifies the market of an affiliate's intended sale under Rule 144.

Form 144 provides notice that an affiliate intends to sell restricted or control securities through a broker; the excerpt names Fidelity Brokerage Services LLC and a filing date of 03/16/2026.

Timing and final execution depend on market arrangements and any Rule 144 volume or holding-period conditions; subsequent filings will show actual transactions.

Corporate Governance Advisor

This is an administrative disclosure of proposed insider resale, not a performance signal.

The entries for restricted stock vesting on 06/10/2016 (234 shares) and 06/09/2017 (191 shares) show the origin of the shares being offered for sale.

Whether sales occur and their market impact depends on execution size and timing; follow-up Form 4/Form 144 amendments will clarify outcomes.

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	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	425	13944.25	55357177	03/16/2026	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	06/10/2016	Restricted Stock Vesting	Issuer			234	06/10/2016	Compensation
Common	06/09/2017	Restricted Stock Vesting	Issuer			191	06/09/2017	Compensation

* 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 SMA's Form 144 filing mean?

It notifies the SEC of an affiliate's intent to sell restricted or control shares. The filing lists broker details and a proposed sale date of 03/16/2026, serving as a statutory notice rather than proof that a sale has occurred.

How many shares are referenced in the excerpt for SMA?

The excerpt references vested restricted grants of 234 shares dated 06/10/2016 and 191 shares dated 06/09/2017. These entries show sources of the securities noted in the Form 144 notice.

Who is the broker listed on SMA's Form 144?

The broker named is Fidelity Brokerage Services LLC at 900 Salem Street, Smithfield, RI. The filing links the proposed sale to that broker and includes market/exchange details (NYSE).

Does Form 144 confirm the shares were sold for SMA?

No. Form 144 is a notice of intent to sell under Rule 144; it does not confirm execution. Actual sales would be reported later via transaction filings or amended Form 144 submissions.

Are the vested restricted shares part of compensation for SMA?

Yes. The excerpt labels the 234 and 191 share entries as 'Restricted Stock Vesting' and ties them to 'Compensation', indicating compensation-originated vested shares.