Issuer (NYSE: VEL) details planned 2,000-share sale and prior 10b5-1 trades

Rhea-AI Filing Summary

Issuer (NYSE: VEL) has a notice of intent to sell common stock under Form 144. A broker account at Morgan Stanley Smith Barney LLC Executive Financial Services lists 2,000 common shares with an aggregate market value of $35,280.00 and a reference market value of $39,255,281 as of July 28, 2026.

The securities to be sold are tied to Performance Stock Units dated January 21, 2025. The filing also lists prior 10b5-1 plan sales by SZCZEPANIAK FAMILY TRUST, including two sales of 1,573 common shares each, for proceeds of $28,420.49 on June 26, 2026 and $30,358.90 on May 1, 2026.

Key Figures

Shares to be sold: 2,000 shares Aggregate market value: $35,280.00 Market value reference: $39,255,281 +3 more

6 metrics

Shares to be sold 2,000 shares Common stock indicated for sale under Form 144

Aggregate market value $35,280.00 Value associated with 2,000 common shares

Market value reference $39,255,281 Additional market value figure as of July 28, 2026

10b5-1 sale shares (each trade) 1,573 shares Common shares sold by SZCZEPANIAK FAMILY TRUST in each listed sale

10b5-1 sale proceeds (June 26, 2026) $28,420.49 Proceeds from 1,573-share sale on June 26, 2026

10b5-1 sale proceeds (May 1, 2026) $30,358.90 Proceeds from 1,573-share sale on May 1, 2026

Key Terms

Performance Stock Units, 10b5-1, Executive Financial Services

3 terms

Performance Stock Units financial

"Common | 01/21/2025 | Performance Stock Units | Issuer"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

10b5-1 financial

"10b5-1 Sales for SZCZEPANIAK FAMILY TRUST U/A DTD 08/10/2021"

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.

Executive Financial Services financial

"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/28/2026 - 04:26 PM Accepted by SEC EDGAR 07/28/2026 - 04:26 PM Learn about SEC filing dates

FAQ

What stock is involved in the Form 144 notice for VEL?

The notice covers common stock of the issuer associated with ticker VEL. It lists 2,000 common shares held through Morgan Stanley Smith Barney LLC Executive Financial Services for potential sale, linked to Performance Stock Units dated January 21, 2025.

How many VEL shares are indicated for potential sale in this Form 144?

The notice lists 2,000 common shares for potential sale. These shares are associated with Performance Stock Units from January 21, 2025 and are held in an Executive Financial Services account at Morgan Stanley Smith Barney LLC.

What is the reported market value of the VEL shares in the Form 144?

The account shows $35,280.00 as the aggregate market value for the 2,000 common shares and a related market value reference of $39,255,281, both as of July 28, 2026, in connection with the planned sale notice.

What prior 10b5-1 sales for VEL are disclosed in this Form 144?

The document lists 10b5-1 sales by SZCZEPANIAK FAMILY TRUST: 1,573 common shares for $28,420.49 on June 26, 2026 and 1,573 common shares for $30,358.90 on May 1, 2026, showing recent plan-based selling activity.

Who executed the recent 10b5-1 plan sales related to VEL stock?

The recent 10b5-1 plan sales are attributed to SZCZEPANIAK FAMILY TRUST U/A DTD 08/10/2021. The trust sold 1,573 VEL common shares on both June 26, 2026 and May 1, 2026 under a Rule 10b5-1 trading plan.

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	2000	35280.00	39255281	07/28/2026	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	01/21/2025	Performance Stock Units	Issuer			2000	01/21/2025	N/A

* 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 SZCZEPANIAK FAMILY TRUST U/A DTD 08/10/2021 2945 Townsgate Road, Suite 110 Westlake Village CA 91361	Common	06/26/2026	1573	28420.49
10b5-1 Sales for SZCZEPANIAK FAMILY TRUST U/A DTD 08/10/2021 2945 Townsgate Road, Suite 110 Westlake Village CA 91361	Common	05/01/2026	1573	30358.90

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)