Michael Brown plans sale of TNL (NYSE: TNL) shares via Form 144

Rhea-AI Filing Summary

TNL affiliate Michael Brown reported proposed sales of Common stock under a Form 144. The filing lists multiple cash sales recorded on 02/23/2026, 02/24/2026, 04/14/2026 and 04/15/2026 through Fidelity Brokerage Services LLC and an option-related sale dated 04/16/2026.

Insights

Equity Markets Analyst

Routine insider disposals reported across Feb–Apr 2026; no material governance signal.

These are reported dispositions by an affiliate via Form 144, listing staged cash sales through a broker and an option-related sale. The pattern shown is a series of reported sales, commonly used for regulatory notice of intended resale.

Impact appears limited in the excerpt; subsequent filings may report consummation details or remaining holdings that clarify market impact.

Key Figures

Sale on 02/23/2026: 66,860 shares Sale on 02/24/2026: 25,938 shares Sale on 04/14/2026: 8,910 shares +2 more

5 metrics

Sale on 02/23/2026 66,860 shares reported sale on 02/23/2026

Sale on 02/24/2026 25,938 shares reported sale on 02/24/2026

Sale on 04/14/2026 8,910 shares reported sale on 04/14/2026

Sale on 04/15/2026 2,612 shares reported sale on 04/15/2026

Securities to be sold Option-related sale dated 04/16/2026 Option granted 03/07/2019; sale method: Cash

Key Terms

Form 144, Option Granted, Cash sales

3 terms

Form 144 regulatory

"Common | Fidelity Brokerage Services LLC ... 144: Securities Sold During The Past 3 Months"

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.

Option Granted financial

"Securities To Be Sold | Common | 04/16/2026 | Option Granted - 03/07/2019"

Cash sales market

"1109 | 04/16/2026 | Cash 144: Securities Sold During The Past 3 Months"

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	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	1109	87759.00	62397734	04/16/2026	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	04/16/2026	Option Granted - 03/07/2019	Issuer			1109	04/16/2026	Cash

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Michael Brown 501 W. Church St Orlando FL 32805	Common	02/23/2026	66860	4949861.39
Michael Brown 501 W. Church St Orlando FL 32805	Common	02/24/2026	25938	1941601.96
Michael Brown 501 W. Church St Orlando FL 32805	Common	04/14/2026	8910	704072.66
Michael Brown 501 W. Church St Orlando FL 32805	Common	04/15/2026	2612	206364.54

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 Michael Brown's Form 144 filing for TNL disclose?

It discloses proposed sales of Common stock by Michael Brown on multiple dates. The filing lists cash sales executed through Fidelity Brokerage Services LLC on 02/23/2026, 02/24/2026, 04/14/2026 and 04/15/2026 and an option-related sale dated 04/16/2026.

How many shares were reported sold by Michael Brown in the filing?

The filing itemizes individual transactions and share counts per trade rather than a single aggregate. Examples shown include 66,860 shares on 02/23/2026 and 25,938 shares on 02/24/2026, with additional sales in April 2026.

Who handled the transactions listed in the TNL Form 144?

Fidelity Brokerage Services LLC is named as the broker for the sales. The filing gives Fidelity's address and lists the trades as cash sales routed through that brokerage on the dates provided in the notice.

Does the Form 144 confirm the sales were completed?

The Form 144 reports proposed or intended resale transactions, not final settlement confirmation. It documents the dates, share counts, and cash treatment; consummation or additional disclosures would appear in subsequent filings or broker confirmations.