Issuer (SN) plans sale of 2.67M ordinary shares received in 2023 spin-off

Rhea-AI Filing Summary

An affiliate of the issuer has filed a notice to sell 2,668,200 ordinary shares, with J.P. Morgan Securities LLC listed as the broker. The shares are associated with trading on the NYSE, and the filing indicates an intended sale date of 07/10/2026.

The same block of 2,668,200 ordinary shares was originally received on 07/31/2023 by way of a spin-off and distribution from JS Global Lifestyle Company Limited. The filing documents this planned disposition under the securities laws but does not itself complete the sale.

Key Figures

Ordinary shares planned for sale: 2,668,200 shares Approximate sale date: 07/10/2026 Shares received via spin-off: 2,668,200 shares +1 more

4 metrics

Ordinary shares planned for sale 2,668,200 shares Number of ordinary shares listed for proposed sale through J.P. Morgan Securities LLC

Approximate sale date 07/10/2026 Date indicated for the proposed sale of ordinary shares

Shares received via spin-off 2,668,200 shares Ordinary shares received on 07/31/2023 from JS Global Lifestyle Company Limited

Spin-off receipt date 07/31/2023 Date the filer received the ordinary shares by spin-off and distribution

Key Terms

Form 144, spin-off, distribution, ordinary shares

4 terms

Form 144 regulatory

"A shareholder has filed Form 144 to document a planned sale of shares"

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.

spin-off financial

"Shares received by way of the spin-off and distribution from JS Global Lifestyle"

A spin-off happens when a company creates a new, independent business by separating part of itself, like splitting off a division into its own company. This often happens so the new company can focus better on its own goals or attract different investors. It matters because it can lead to more growth opportunities and clearer focus for both companies.

distribution financial

"Shares received by way of the spin-off and distribution from JS Global Lifestyle"

A distribution is a payment or transfer of value from a company, fund, or trust to its shareholders or unit holders, commonly made in cash, additional shares, or other assets. Investors care because distributions provide income, reflect how much cash a business or fund can return to owners, can influence yield and taxable income, and often affect the share price much like a store handing out a portion of its profits to customers.

ordinary shares financial

"Ordinary Shares | J.P. Morgan Securities LLC 270 Park Avenue"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

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Available on EDGAR 07/10/2026 - 06:04 PM Accepted by SEC EDGAR 07/10/2026 - 06:04 PM Learn about SEC filing dates

FAQ

What does the Form 144 filing for SN disclose about ordinary shares?

The Form 144 for SN discloses a planned sale of 2,668,200 ordinary shares. These shares are linked to trading on the NYSE and are to be sold through J.P. Morgan Securities LLC.

How many SN ordinary shares are planned to be sold and through which broker?

The filing indicates a planned sale of 2,668,200 ordinary shares of SN. J.P. Morgan Securities LLC, located at 270 Park Avenue, New York, is listed as the broker handling the transaction.

When are the SN ordinary shares expected to be sold under this Form 144?

The Form 144 indicates an approximate sale date of 07/10/2026 for the 2,668,200 ordinary shares. This date reflects the filer’s anticipated timing for executing the sale on the NYSE.

How did the SN filer originally acquire the 2,668,200 ordinary shares?

The 2,668,200 ordinary shares were received on 07/31/2023 via a spin-off and distribution from JS Global Lifestyle Company Limited. The filing notes these shares were obtained by way of that corporate distribution.

What role does JS Global Lifestyle Company Limited play in SN’s Form 144?

JS Global Lifestyle Company Limited is identified as the source of the 2,668,200 ordinary shares. On 07/31/2023, the filer received these shares through a spin-off and distribution from JS Global Lifestyle Company Limited.

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
Ordinary Shares	J.P. Morgan Securities LLC 270 Park Avenue 10th Floor New York NY 10017	2668200	397561800	141520379	07/10/2026	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 *
Ordinary Shares	07/31/2023	Spin-off and distribution from JS Global Lifestyle Company Limited	Issuer			2668200	07/31/2023	Shares received by way of the spin-off and distribution from JS Global Lifestyle Company Limited

* 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)