Michael D. Brown (TNL) plans small stock sale after option exercise

Rhea-AI Filing Summary

Michael D. Brown filed a notice to sell common stock of TNL through Fidelity Brokerage Services. The planned sale covers 200 shares with an aggregate market value of $15,800.00 as of 08/06/2026, following a stock option exercise by the issuer. The filing also reports that during the prior three months, Brown sold 4,150 common shares on 08/05/2026 for total proceeds of $328,833.50.

Key Figures

Shares planned for sale: 200 shares Aggregate market value of planned sale: $15,800.00 Shares sold in prior 3 months: 4,150 shares +2 more

5 metrics

Shares planned for sale 200 shares Common stock to be sold through Fidelity Brokerage Services

Aggregate market value of planned sale $15,800.00 Value of 200 shares as of 08/06/2026

Shares sold in prior 3 months 4,150 shares Common stock sold on 08/05/2026

Proceeds from prior sale $328,833.50 Total for 4,150 shares sold during the past 3 months

Planned sale date reference 08/06/2026 Date associated with securities to be sold and option exercise

Key Terms

Securities To Be Sold, Stock Option Exercise, Securities Sold During The Past 3 Months

3 terms

Securities To Be Sold regulatory

"144: Securities To Be Sold"

Stock Option Exercise financial

"Common | 08/06/2026 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

Securities Sold During The Past 3 Months regulatory

"144: Securities Sold During The Past 3 Months"

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Available on EDGAR 08/06/2026 - 04:45 PM Accepted by SEC EDGAR 08/06/2026 - 04:44 PM Learn about SEC filing dates

FAQ

What stock sale is Michael D. Brown planning for TNL?

Michael D. Brown plans to sell 200 shares of TNL common stock through Fidelity Brokerage Services, with an aggregate market value of $15,800.00 based on pricing as of 08/06/2026.

How many TNL shares has Michael D. Brown sold in the past three months?

Over the past three months, Michael D. Brown sold 4,150 TNL common shares on 08/05/2026, for total reported proceeds of $328,833.50 according to the "Securities Sold During The Past 3 Months" section.

What transaction led to the TNL shares being available for sale by Michael D. Brown?

The 200 TNL common shares planned for sale are linked to a Stock Option Exercise by the issuer dated 08/06/2026, as indicated in the "Securities To Be Sold" details.

Through which broker will Michael D. Brown sell his TNL shares?

The filing lists Fidelity Brokerage Services LLC, located at 900 Salem Street, Smithfield, RI 02917, as the broker handling the planned sale of TNL common stock.

On what date is the planned TNL stock sale by Michael D. Brown referenced?

The planned sale of 200 TNL common shares is referenced with a date of 08/06/2026, which also matches the date associated with the related stock option exercise.

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	200	15800.00	61204232	08/06/2026	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	08/06/2026	Stock Option Exercise	Issuer			200	08/06/2026	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 D. Brown 501 W. Church Street Orlando FL 32805	Common	08/05/2026	4150	328833.50

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)