Company (NYSE: VEL) insider plans sale of 14,840 shares via broker

Rhea-AI Filing Summary

VEL-related insider submitted a Form 144 to sell securities. The filing lists 14,840 shares tied to restricted stock awards and performance stock units dated 02/14/2023, and shows a proposed sale via broker-dealer on 03/17/2026 of 5,160 shares with an indicated value of $93,213.82. The broker-dealer listed is Morgan Stanley Smith Barney LLC.

Key Figures

Shares listed to be sold: 14,840 shares 10b5-1 sale shares: 5,160 shares Amount shown for 5,160-share sale: $93,213.82 +3 more

6 metrics

Shares listed to be sold 14,840 shares Securities To Be Sold dated 02/14/2023

10b5-1 sale shares 5,160 shares 10b5-1 Sales entry dated 03/17/2026

Amount shown for 5,160-share sale $93,213.82 10b5-1 Sales entry dated 03/17/2026

Additional reported figure $264,300.40 Filed line item adjacent to broker information

Broker-dealer Morgan Stanley Smith Barney LLC Listed under Securities To Be Sold

Market listed NYSE Exchange column in filing header

Key Terms

Form 144, 10b5-1, Restricted Stock Awards, Performance Stock Units

4 terms

Form 144 regulatory

"144: Filer Information | 144: Issuer Information"

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 ROLAND KELLY"

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 and Performance Stock Units"

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.

Performance Stock Units financial

"Restricted Stock Awards and Performance Stock Units"

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.

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	14840	264300.40	39235281	03/30/2026	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	02/14/2023	Restricted Stock Awards and Performance Stock Units	Issuer			14840	02/14/2023	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 ROLAND KELLY 2945 Townsgate Road, Suite 110 Westlake Village CA 91361	Common	03/17/2026	5160	93213.82

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 filed for VEL indicate?

It indicates a proposed sale of securities by an insider via Form 144. The filing lists 14,840 shares connected to restricted awards and a 10b5-1 sale entry of 5,160 shares on 03/17/2026 with $93,213.82 shown.

How many shares are listed as to be sold in the VEL Form 144?

The filing lists 14,840 shares tied to awards and a 10b5-1 sale of 5,160 shares. The 14,840 figure appears under ‘‘Securities To Be Sold’’ dated 02/14/2023.

Who is the broker-dealer handling the sale in the VEL filing?

Morgan Stanley Smith Barney LLC is listed as the broker-dealer. The filing shows the broker's address as 1 New York Plaza, 8th Floor, New York, NY and NYSE as the market.

What dollar amounts are shown in the VEL Form 144?

The excerpt shows $264,300.40 and $93,213.82 as reported figures. The $93,213.82 is associated with the 5,160-share 10b5-1 sale entry dated 03/17/2026.

Does the Form 144 show the sale method for VEL shares?

The filing references a 10b5-1 sales entry and broker-dealer distribution. It lists a 10b5-1 sale on 03/17/2026 and Morgan Stanley Smith Barney LLC as the intermediary.