TNL (NYSE) insider Michael Brown reports sales of 92,798 shares via Form 144

Rhea-AI Filing Summary

TNL insider sale notice: Michael Brown reported proposed sales of Common Stock under Form 144. The filing lists a proposed sale dated 02/23/2026 of 66,860 shares for $4,949,861.39 and a proposed sale dated 02/24/2026 of 25,938 shares for $1,941,601.96. The broker is listed as Fidelity Brokerage Services LLC.

Insights

Securities Compliance Attorney

Routine Form 144 sale notices by an insider; compliance-focused facts only.

The filing lists proposed dispositions by Michael Brown of 66,860 and 25,938 shares on 02/23/2026 and 02/24/2026, with reported gross proceeds of $4,949,861.39 and $1,941,601.96. Brokerage details show Fidelity Brokerage Services LLC as the selling broker.

These entries are procedural notices required when insiders sell restricted or control stock; the filing does not state settlement details or whether the sales were blocked, arbitrage, or part of a Rule 10b5-1 plan. Subsequent SEC or company filings would show final settlement if relevant.

Key Figures

Shares reported sold - 02/23/2026: 66,860 shares Proceeds - 02/23/2026: $4,949,861.39 Shares reported sold - 02/24/2026: 25,938 shares +3 more

6 metrics

Shares reported sold - 02/23/2026 66,860 shares Proposed sale dated 02/23/2026 listed on Form 144

Proceeds - 02/23/2026 $4,949,861.39 Gross proceeds reported for 66,860-share proposed sale

Shares reported sold - 02/24/2026 25,938 shares Proposed sale dated 02/24/2026 listed on Form 144

Proceeds - 02/24/2026 $1,941,601.96 Gross proceeds reported for 25,938-share proposed sale

Broker Fidelity Brokerage Services LLC Broker listed for the securities to be sold (address provided)

Form type Form 144 Notice of proposed sale of restricted/controlled securities

Key Terms

Form 144, Options Granted - 03/07/2019, Issuer, Cash

4 terms

Form 144 regulatory

"issued as the filing type and used to report proposed sales of restricted securities"

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.

Options Granted - 03/07/2019 financial

"listed in the securities to be sold line referencing the grant date"

Issuer financial

"appears as the party on the securities-to-be-sold line"

Cash financial

"appears in the table under settlement method for the securities to be sold"

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	8910	704072.89	62397734	04/14/2026	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	04/14/2026	Options Granted - 03/07/2019	Issuer			8910	04/14/2026	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

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 the TNL Form 144 filed by Michael Brown report?

It reports proposed sales of Common Stock by Michael Brown. The filing lists 66,860 shares on 02/23/2026 and 25,938 shares on 02/24/2026, with gross proceeds of $4,949,861.39 and $1,941,601.96.

Who is the broker handling the sales in the TNL Form 144?

The broker shown is Fidelity Brokerage Services LLC at 900 Salem Street, Smithfield, RI. The filing names this brokerage as the intermediary for the reported transactions on 04/14/2026.

Do the Form 144 entries confirm the sales were completed?

No; the Form 144 is a notice of proposed sale and does not by itself confirm settlement. The filing lists proposed sale dates and amounts but does not state final settlement or clearance information.

Were the shares sold from option exercises or another source?

The filing references "Options Granted - 03/07/2019" and lists the transactions as "Issuer" and "Cash" in the securities table, indicating the sales relate to option-origin securities, per the filing text.