Insider plans share sale for company (NYSE: VEL) in Form 144 filing

Rhea-AI Filing Summary

A shareholder filed a Form 144 notice to potentially sell 6,292 shares of common stock through Morgan Stanley Smith Barney LLC on or about 01/15/2026 on the NYSE, with an indicated aggregate market value of $120,869.32. The filing lists total common shares outstanding as 38,900,030 for context.

The shares to be sold were acquired as restricted stock awards from the issuer on 01/13/2025. Over the past three months, there were additional 10b5-1 plan sales for SZCZEPANIAK FAMILY TRUST U/A DTD 08/10/2021, including 1,572 shares sold on 11/03/2025 for $29,087.82 and another 1,572 shares sold on 12/01/2025 for $30,409.08. By signing, the seller represents they are not aware of undisclosed material adverse information about the issuer.

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	6292	120869.32	38900030	01/15/2026	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	01/13/2025	Restricted Stock Awards	Issuer			6292	01/13/2025	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	12/01/2025	1572	30409.08
10b5-1 Sales for SZCZEPANIAK FAMILY TRUST U/A DTD 08/10/2021 2945 Townsgate Road, Suite 110 Westlake Village CA 91361	Common	11/03/2025	1572	29087.82

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 Form 144 filing for VEL report?

The Form 144 reports a planned sale of 6,292 shares of common stock of the issuer through Morgan Stanley Smith Barney LLC, with an approximate sale date of 01/15/2026 on the NYSE and an indicated aggregate market value of $120,869.32.

How many VEL shares are outstanding according to this Form 144?

The Form 144 lists 38,900,030 common shares outstanding, providing a baseline context for the planned sale of 6,292 shares.

How were the VEL shares in this Form 144 acquired?

The 6,292 common shares covered by this Form 144 were acquired as restricted stock awards from the issuer on 01/13/2025, with the same date shown for payment and the nature of payment marked as N/A.

What prior sales are disclosed in the last three months for VEL?

The filing discloses 10b5-1 plan sales for SZCZEPANIAK FAMILY TRUST U/A DTD 08/10/2021: 1,572 common shares sold on 11/03/2025 for $29,087.82 and another 1,572 common shares sold on 12/01/2025 for $30,409.08.

What representation does the seller make in this Form 144 for VEL?

By signing the notice, the seller represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed, and this representation also applies as of the adoption date of any Rule 10b5-1 trading plan or instructions.

Which broker is handling the planned VEL share sale?

The planned sale of 6,292 common shares is to be effected through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004.