Founder share transfer noted for SVCO (NASDAQ: SVCO) in Form 144 filing

Rhea-AI Filing Summary

SVCO reported a proposed sale/transfer of founder common stock by affiliated holders via a Form 144. The notice lists a private transaction dated 07/31/2024 described as a transfer from a SMIK Grantor Retained Annuity Trust. A broker-dealer entry shows UBS Financial Services Inc. and the filing date is 06/03/2026.

Insights

Securities Counsel

Form 144 registers an affiliate's sale/transfer of founder shares in a private transaction.

The filing records a transfer of founder common stock dated 07/31/2024 from a Grantor Retained Annuity Trust. The notice names UBS Financial Services Inc. as the broker-dealer and carries a filing date of 06/03/2026.

Regulatory treatment is procedural: Form 144 is a notice required for certain affiliate dispositions. Subsequent SEC or company filings would be needed for completion status or proceeds details; timing and cash‑flow treatment are not shown in the excerpt.

Key Figures

Founder shares transferred: 4,590,059 shares Broker-dealer entry: 6,000 Additional numeric entries: 81,600; 32,681,239 +1 more

4 metrics

Founder shares transferred 4,590,059 shares transfer dated <date>07/31/2024</date>

Broker-dealer entry 6,000 value listed in securities line with UBS Financial Services Inc.

Additional numeric entries 81,600; 32,681,239 numbers appearing in the securities information section

Form filing date 06/03/2026 date shown in securities information line

Key Terms

Form 144, Founder Shares, Grantor Retained Annuity Trust

3 terms

Form 144 regulatory

"proposed sale/transfer notice by affiliated holders"

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.

Founder Shares financial

"TRANSFER OF FOUNDER SHARES FROM FAMILY TRUST"

Founder shares are the ownership stakes given to the people who start a company, often with extra voting power or protections compared with ordinary shares. For investors, they matter because founders’ control and incentives influence decisions about strategy, hiring, and whether the company sells or stays independent — like a family that keeps majority voting rights in a household decision. High founder ownership can mean stable leadership but also a risk that outside shareholders have less influence.

Grantor Retained Annuity Trust financial

"SMIK GRANTOR RETAINED ANNUITY TRUST"

A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.

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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	UBS Financial Services Inc 1000 Harbor Blvd 3rd Floor Weehawken NJ 07086	6000	81600	32681239	06/03/2026	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	07/31/2024	TRANSFER OF FOUNDER SHARES FROM FAMILY TRUST	SMIK GRANTOR RETAINED ANNUITY TRUST			4590059	07/31/2024	PRIVATE TRANSACTION

* 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)

FAQ

What does SVCO's Form 144 filing mean for the proposed transfer?

It notifies the SEC of an affiliate's intended sale/transfer of shares. The filing lists a private transfer dated 07/31/2024 from a SMIK Grantor Retained Annuity Trust and names UBS Financial Services Inc. as broker.

How many shares are referenced in the SVCO excerpt?

The excerpt shows a numeric entry of 4,590,059 adjacent to the founder-share transfer line dated 07/31/2024. Other numeric entries include 6,000, 81,600, and 32,681,239 in the securities section.

Does the Form 144 excerpt state proceeds or who receives cash?

No. The provided excerpt lists the transaction as a private transaction but does not specify proceeds, price, or which party receives cash. Cash‑flow treatment is not stated in the provided text.

Is the transfer shown completed or only an intent notice?

Form 144 functions as a notice of an intended sale/transfer by an affiliate. The excerpt records the transfer date 07/31/2024 but does not confirm settlement or completion in the filing text provided.