Morgan Stanley Smith Barney files TRDA Form 144; 15,000 shares sold (TRDA)

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 notice reporting the sale of 15,000 shares of Common Stock on 05/04/2026 following the exercise of stock options for cash. The filing also lists multiple 10b5-1 sales by Nathan Dowden in March 2026 with per-trade share counts and proceeds.

Key Figures

Shares sold (May 4, 2026): 15,000 shares Sale proceeds (03/03/2026): $165,036.34 Sale proceeds (03/02/2026): $84,205.01 +2 more

5 metrics

Shares sold (May 4, 2026) 15,000 shares Exercise of stock options on 05/04/2026

Sale proceeds (03/03/2026) $165,036.34 10b5-1 sale of 14,038 shares on 03/03/2026

Sale proceeds (03/02/2026) $84,205.01 Sale of 7,223 shares on 03/02/2026

Sale proceeds (03/10/2026) $155,188.15 10b5-1 sale of 11,894 shares on 03/10/2026

Sale proceeds (03/09/2026) $40,582.78 10b5-1 sale of 3,116 shares on 03/09/2026

Key Terms

Form 144, 10b5-1, Exercise of Stock Options

3 terms

Form 144 regulatory

"144: 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.

10b5-1 regulatory

"10b5-1 Sales for NATHAN DOWDEN One Design Center Place"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

Exercise of Stock Options financial

"Common | 05/04/2026 | Exercise of Stock Options"

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	15000	217500.00	38284313	05/04/2026	NASDAQ

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	05/04/2026	Exercise of Stock Options	Issuer			15000	05/04/2026	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
10b5-1 Sales for NATHAN DOWDEN One Design Center Place, Suite 17-500 Boston MA 02210	Common	03/10/2026	11894	155188.15
10b5-1 Sales for NATHAN DOWDEN One Design Center Place, Suite 17-500 Boston MA 02210	Common	03/09/2026	3116	40582.78
NATHAN DOWDEN One Design Center Place, Suite 17-500 Boston MA 02210	Common	03/03/2026	14038	165036.34
NATHAN DOWDEN One Design Center Place, Suite 17-500 Boston MA 02210	Common	03/02/2026	7223	84205.01

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 did TRDA report in the Form 144 filing?

The filing reports a sale of 15,000 shares on 05/04/2026 following an exercise of stock options. It also records several 10b5-1 sales by Nathan Dowden in March 2026 with individual share counts and proceeds.

Who executed the March 2026 10b5-1 sales listed in TRDA's filing?

The March 2026 10b5-1 sales are attributed to Nathan Dowden. The filing lists trades on 03/02, 03/03, 03/09, and 03/10/2026 with specific share counts and dollar proceeds for each trade.

How many shares and proceeds are shown for the largest March 2026 10b5-1 trade?

The largest March 2026 entry in the filing shows 14,038 shares sold on 03/03/2026 for $165,036.34. Each March trade in the filing lists its own share count and gross proceeds.

Does the Form 144 specify who received the cash from the May 4, 2026 transaction?

The filing indicates the exercise was processed by the Issuer and settled for cash on 05/04/2026. It does not allocate proceeds beyond showing the transaction method and recipient as the issuer.