TNL (NYSE: TNL) files notice to sell 28,000 shares via Merrill Lynch

Rhea-AI Filing Summary

TNL submitted a Form 144 notice describing a proposed sale of 28,000 shares of Common stock through Merrill Lynch with an entry showing 06/04/2026 and NYSE listing. The filing lists several stock option lots: 12,125 (05/25/2023), 15,088 (03/10/2025) and 787 (03/15/2025).

Insights

Securities Compliance Attorney

Form 144 records a proposed resale of registered shares via a broker-dealer.

Form 144 is the statutorily required notice when certain holders intend to sell restricted or control securities. The excerpt lists 28,000 Common shares and identifies Merrill Lynch as the broker-dealer and 06/04/2026 as the listed date.

Practical implications depend on the seller's status and the underlying lock-up or holding-period rules; subsequent public filings or trade reports will show whether the listed shares were sold and how proceeds were handled.

Key Figures

Proposed shares to sell: 28,000 shares Amount (possible value field): 1,961,875.8 Aggregate field shown: 62,421,616 +3 more

6 metrics

Proposed shares to sell 28,000 shares listed with Merrill Lynch and NYSE on 06/04/2026

Amount (possible value field) 1,961,875.8 numeric field appearing on the same line as the 28,000 entry

Aggregate field shown 62,421,616 numeric field appearing on the same line as the 28,000 entry

Stock option lot 12,125 shares stock option dated 05/25/2023

Stock option lot 15,088 shares stock option dated 03/10/2025

Stock option lot 787 shares stock option dated 03/15/2025

Key Terms

Form 144, Stock Option, NYSE

3 terms

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.

Stock Option financial

"Stock Option | TNL | 12125 | 05/25/2023"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

NYSE market

"06/04/2026 | NYSE"

A large, regulated marketplace where stocks and other securities are listed and traded, acting like a global auction house that matches buyers and sellers and helps determine share prices. It matters to investors because listing and trading there provide liquidity, price discovery, and regulatory oversight—making it easier to buy or sell holdings and giving companies a visible platform that can affect credibility and access to capital.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 06/04/2026 - 02:05 PM Accepted by SEC EDGAR 06/04/2026 - 02:05 PM Learn about SEC filing dates

FAQ

What does TNL's Form 144 disclose about the shares to be sold?

It discloses a proposed sale of 28,000 Common shares through Merrill Lynch. The filing line shows 28,000 and lists Merrill Lynch, 194 Wood Ave S, Iselin NJ with an associated date of 06/04/2026 and the exchange as NYSE.

Which broker-dealer is listed on TNL's Form 144 filing?

Merrill Lynch is the broker-dealer named. The address in the excerpt is 194 Wood Ave S, Iselin NJ 08830, associated with the line reporting 28,000 Common shares and the 06/04/2026 date.

Does the filing list stock option lots related to the proposed sale for TNL?

Yes. The excerpt lists three stock option entries with amounts and dates. They are 12,125 (05/25/2023), 15,088 (03/10/2025) and 787 (03/15/2025) described as stock options for Common stock.

Is the exchange where TNL's shares trade identified in the Form 144 excerpt?

Yes. The excerpt identifies the exchange as NYSE. The same line that lists 28,000 Common shares includes the date 06/04/2026 and the exchange designation NYSE.

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	Merrill Lynch 194 Wood Ave S Iselin NJ 08830	28000	1961875.8	62421616	06/04/2026	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	05/25/2023	Stock Option	TNL			12125	05/25/2023	stock option
common	03/10/2025	STOCK OPTION	TNL			15088	03/10/2025	STOCK OPTION
COMMON	03/15/2025	STOCK OPTION	TNL			787	03/15/2025	STOCK OPTION

* 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)