BLDE: Morgan Stanley files Form 144 for 23,899 RSUs and 41,282 PSUs (BLDE)

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 notice relating to proposed sales of Common stock tied to equity awards for the issuer with ticker BLDE. The excerpt lists 23,899 Restricted Stock Units dated 09/08/2024 and 41,282 Performance Stock Units dated 03/08/2025. The filing references 05/11/2026 and NASDAQ in the header.

Insights

Equity Compensation Analyst

Form 144 lists specific award lots and dates tied to proposed dispositions.

The excerpt identifies 23,899 Restricted Stock Units (dated 09/08/2024) and 41,282 Performance Stock Units (dated 03/08/2025), indicating the securities originate from compensation awards. The filing format is a notice of proposed sale rather than an executed trade.

Key dependencies include award vesting and any plan rules governing when these units become deliverable; subsequent SEC filings or broker reports would show transaction timing and execution details.

Securities Compliance Attorney

The Form 144 notice is a regulatory disclosure step for planned insider dispositions.

Form 144 provides notice under resale rules; it does not itself effect a sale. The header shows a filing reference date of 05/11/2026 and identifies NASDAQ as the market; this ties the notice to exchange-traded common shares.

Compliance considerations include meeting the Rule 144 timing and volume limits and following plan-specific restrictions; actual sale details and proceeds are not contained in the excerpt.

Key Figures

Restricted Stock Units: 23,899 shares Performance Stock Units: 41,282 shares Form header date: 05/11/2026 +1 more

4 metrics

Restricted Stock Units 23,899 shares dated 09/08/2024

Performance Stock Units 41,282 shares dated 03/08/2025

Form header date 05/11/2026 header reference date in excerpt

Exchange NASDAQ market listed in header

Key Terms

Restricted Stock Units, Performance Stock Units, Form 144

3 terms

Restricted Stock Units financial

"Restricted Stock Units | Issuer | 23899 | 09/08/2024"

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.

Performance Stock Units financial

"Performance Stock Units | Issuer | 41282 | 03/08/2025"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

Form 144 regulatory

"Filer Information | 144: Filer Information"

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.

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	65181	363058.17	86526570	05/11/2026	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	09/08/2024	Restricted Stock Units	Issuer			23899	09/08/2024	N/A
Common	03/08/2025	Performance Stock Units	Issuer			41282	03/08/2025	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

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 BLDE's Form 144 filing indicate?

It indicates a proposed resale notice for insider-held equity. The excerpt lists 23,899 RSUs (dated 09/08/2024) and 41,282 PSUs (dated 03/08/2025), and shows 05/11/2026 in the header.

Does the Form 144 mean the shares have already been sold?

No. Form 144 is a notice of proposed sale, not proof of execution. The excerpt lists award lots and dates; it does not report completed transactions or proceeds.

Who is listed as the filer on this Form 144 for BLDE?

The excerpt lists Morgan Stanley Smith Barney LLC Executive Financial Services with an address at 1 New York Plaza, indicating the broker-dealer or intermediary acting in the resale process.

Which award types are involved in the proposed sale?

The filing references Restricted Stock Units (RSUs) totaling 23,899 dated 09/08/2024, and Performance Stock Units (PSUs) totaling 41,282 dated 03/08/2025.