SZCZEPANIAK Family Trust sells 1,573 shares on three dates (VEL)

Rhea-AI Filing Summary

VEL filing: SZCZEPANIAK FAMILY TRUST reported routine 10b5-1 sales. The trust sold 1,573 shares on 02/02/2026 for $32,291.65, 1,573 shares on 03/02/2026 for $28,817.36, and 1,573 shares on 04/01/2026 for $28,518.49. The filing also lists 3,146 restricted stock awards dated 01/23/2025. Shares outstanding are shown as 39,235,281 as of 05/01/2026.

Insights

Corporate Governance Analyst

Routine affiliate sales under a prearranged 10b5-1 plan were reported.

The filing lists three identical-size 10b5-1 sales of 1,573 shares on separate dates with corresponding gross proceeds. These are described as plan-based dispositions rather than discretionary open-market trades.

Stakeholders can track similar disclosures in subsequent filings; timing and cash‑flow treatment are stated per‑transaction in the excerpt.

Key Figures

Sale size per transaction: 1,573 shares Proceeds 02/02/2026: $32,291.65 Proceeds 03/02/2026: $28,817.36 +3 more

6 metrics

Sale size per transaction 1,573 shares Each 10b5-1 sale on 02/02/2026, 03/02/2026, 04/01/2026

Proceeds 02/02/2026 $32,291.65 Gross proceeds for 1,573 shares sold on 02/02/2026

Proceeds 03/02/2026 $28,817.36 Gross proceeds for 1,573 shares sold on 03/02/2026

Proceeds 04/01/2026 $28,518.49 Gross proceeds for 1,573 shares sold on 04/01/2026

Restricted Stock Awards 3,146 shares Restricted stock awards dated 01/23/2025

Shares outstanding 39,235,281 shares As of 05/01/2026

Key Terms

10b5-1, Restricted Stock Awards, Form 144

3 terms

10b5-1 regulatory

"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.

Restricted Stock Awards financial

"Restricted Stock Awards | Issuer | 01/23/2025 | 3,146"

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

Form 144 regulatory

"144: Securities Sold During The Past 3 Months"

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.

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	3146	60686.34	39235281	05/01/2026	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	01/23/2025	Restricted Stock Awards	Issuer			3146	01/23/2025	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	04/01/2026	1573	28518.49
10b5-1 Sales for SZCZEPANIAK FAMILY TRUST U/A DTD 08/10/2021 2945 Townsgate Road, Suite 110 Westlake Village CA 91361	Common	03/02/2026	1573	28817.36
10b5-1 Sales for SZCZEPANIAK FAMILY TRUST U/A DTD 08/10/2021 2945 Townsgate Road, Suite 110 Westlake Village CA 91361	Common	02/02/2026	1573	32291.65

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 the VEL Form 144 disclose about recent insider sales?

It disclosed three 10b5-1 sales of 1,573 shares each on 02/02/2026, 03/02/2026 and 04/01/2026. The filing lists per‑trade gross proceeds of $32,291.65, $28,817.36 and $28,518.49 respectively.

Who executed the reported sales in the VEL filing?

The sales were executed by the SZCZEPANIAK FAMILY TRUST U/A DTD 08/10/2021. The filings identify the trust as the seller and list sales made pursuant to a 10b5-1 plan on the stated dates.

Does the filing show any equity grants or awards for VEL?

Yes. The filing lists 3,146 restricted stock awards dated 01/23/2025. That award count appears separately from the reported 10b5-1 sales in the excerpt.

What is the reported shares outstanding figure in the excerpt?

The excerpt shows 39,235,281 shares outstanding as of 05/01/2026. That figure is presented in the filing content alongside the securities and issuer details.