STOCK TITAN

TNL (TNL) Form 144: 500 shares vest; George Herrera sold 3,462 shares in March

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

Rhea-AI Filing Summary

TNL reports a Form 144 notice regarding sales of Common Stock by a holder and a scheduled issuance from restricted stock vesting.

The filing lists 500 shares of Common Stock associated with restricted stock vesting dated 03/11/2026 and shows prior sales by George Herrera of 1,214 shares on 03/17/2026 for $85,564.58 and 1,748 shares on 03/18/2026 for $122,901.88.

Positive

  • None.

Negative

  • None.

Insights

Routine Form 144 notice for restricted-vesting shares and recent insider dispositions.

The filing documents a restricted stock vesting event of 500 shares dated 03/11/2026 and two reported dispositions by George Herrera on 03/17/2026 and 03/18/2026 with proceeds of $85,564.58 and $122,901.88. This aligns with standard Rule 144 reporting of restricted/securities resale activity.

Cash‑flow treatment and any routing of proceeds are not described in the excerpt; subsequent filings or broker reports would show execution details.

Transactions appear administrative rather than material to capital structure.

The reported amounts ($85,564.58 and $122,901.88) and share counts suggest routine insider dispositions and post-vesting movement totaling 3,462 shares referenced across the excerpt. There is no indication of an offering or issuer proceeds in the provided text.

Timing and broader dilution impact are not stated; filings show only the amounts and dates disclosed here.

Restricted stock vesting 500 shares vesting dated 03/11/2026
March 17 disposition 1,214 shares sale dated 03/17/2026 for $85,564.58
March 18 disposition 1,748 shares sale dated 03/18/2026 for $122,901.88
Proceeds (combined) $208,466.46 aggregate of two reported March sales
Form 144 regulatory
"Filing header and contextual lines indicating securities to be sold"
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.
Restricted Stock Vesting financial
"Line listing 'Restricted Stock Vesting' dated 03/11/2026"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
Issuer regulatory
"Entry showing 'Issuer' as party associated with the 500 shares"
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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 TNL's Form 144 disclose about recent share activity?

It discloses a 500‑share restricted stock vesting and recent dispositions by George Herrera. The filing lists a 500‑share vesting on 03/11/2026 and two sales: 1,214 shares on 03/17/2026 and 1,748 shares on 03/18/2026.

How much cash did George Herrera receive in the reported March sales?

Proceeds reported total $208,466.46. The filing shows $85,564.58 for 03/17/2026 (1,214 shares) and $122,901.88 for 03/18/2026 (1,748 shares).

Does the Form 144 show TNL will receive proceeds from these transactions?

No issuer proceeds are indicated in the excerpt. The entries list restricted stock vesting and reported dispositions by a holder; the filing does not state any proceeds are received by the company.

When did the restricted stock vest according to the filing?

The restricted stock vesting is dated 03/11/2026. The excerpt specifically lists a Restricted Stock Vesting entry for 500 shares with that date.

Who is the selling/recorded holder named in the Form 144 excerpt?

The excerpt names George Herrera at an Orlando, FL address. Sales by George Herrera are recorded on 03/17/2026 and 03/18/2026 with the share counts and proceeds shown above.