VEL (NYSE: VEL) holder files to sell 6,655 common shares on NYSE

Rhea-AI Filing Summary

A shareholder of VEL has filed a notice to sell 6,655 common shares, with an aggregate market value of $128,965.25, through Morgan Stanley Smith Barney LLC on the NYSE, with an approximate sale date of 12/02/2025. The filing notes that 38,900,030 shares of the issuer’s common stock were outstanding. The shares to be sold were acquired partly via an open market purchase of 100 shares on 03/16/2020 paid in cash, and 6,555 shares from restricted stock vesting under a registered plan on 01/15/2022, also paid in cash. The signer represents that they are not aware of undisclosed material adverse information about the issuer’s current or prospective operations.

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	6655	128965.25	38900030	12/02/2025	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	03/16/2020	Open Market Purchase	Open Market			100	03/16/2020	Cash
Common	01/15/2022	Restricted stock vesting under a registered plan	Issuer			6555	01/15/2022	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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

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

How many VEL shares are being proposed for sale in this Form 144 notice?

The notice covers a proposed sale of 6,655 shares of VEL common stock.

What is the aggregate market value of the VEL shares to be sold?

The aggregate market value of the VEL shares to be sold is reported as $128,965.25.

When and where are the VEL shares expected to be sold?

The approximate date of sale is listed as 12/02/2025, and the common shares are to be sold on the NYSE.

How many VEL common shares were outstanding at the time of this notice?

The filing states that 38,900,030 shares of VEL common stock were outstanding.

How did the selling holder originally acquire the VEL shares covered by this notice?

The filing shows an open market purchase of 100 shares on 03/16/2020 paid in cash, and 6,555 shares from restricted stock vesting under a registered plan on 01/15/2022, also paid in cash.

What representation does the selling holder of VEL make about inside information?

By signing the notice, the person for whose account the securities are to be sold represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.