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TARS (NASDAQ: TARS) insider files Form 144 to resell 4,589 shares after vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

TARS filed a Form 144 reporting proposed sales of Common Stock by a reporting person. The filing lists 4,589 shares to be sold following a restricted stock vesting on 03/18/2026 as compensation. It also discloses prior sales in March: 8,366, 3,125, and 3,610 shares with associated proceeds reported.

Positive

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Negative

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Insights

Rule 144 notice of resale after restricted stock vesting; procedural disclosure.

The filing documents a restricted stock vesting event dated 03/18/2026 with 4,589 shares listed under "Securities To Be Sold" as compensation. Rule 144 notices notify the market of intended resales and satisfy resale notice obligations under the Securities Act.

Timing and exact sale methods are not detailed here; subsequent filings or broker records may report execution details or additional dispositions.

Small, routine insider dispositions and vesting-related resale activity.

The excerpt shows multiple March transactions: 8,366, 3,125, and 3,610 shares with proceeds noted, and a planned sale of 4,589 shares tied to vesting on 03/18/2026. These sizes are modest in isolation relative to typical public floats.

Cash‑flow treatment and who receives proceeds are not specified in the excerpt; further filings may clarify execution method and final proceeds recipient.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What does TARS Form 144 disclose about share sales?

The filing discloses a planned resale of 4,589 shares tied to restricted stock vesting on 03/18/2026. It also lists three prior March sales of 8,366, 3,125, and 3,610 shares with proceeds reported.

Who is listed as the reporting person on the TARS Form 144?

The excerpt names Seshadri Neervannan with an address in Irvine, CA, and shows prior sales attributed to that reporting person. The vesting-related resale is shown as issuer compensation on 03/18/2026.

Are proceeds from the March sales shown in the TARS Form 144?

Yes; the March dispositions include proceeds: $641,421.22 for 8,366 shares, $216,920.94 for 3,125 shares, and $248,042.38 for 3,610 shares, as listed in the filing excerpt.

Does the Form 144 specify how the planned 4,589 shares will be sold?

The excerpt characterizes the 4,589 shares as from a restricted stock vesting event and labels the source as "Issuer" for compensation. Specific sale methods or brokers are not detailed in the provided excerpt.

Does the Form 144 indicate whether TARS receives proceeds from the resale?

The vesting entry lists the source as Issuer and compensation; the excerpt does not explicitly state the cash‑flow recipient for the resale proceeds. Further filings may clarify proceeds treatment.