Michael Chernoff sells VTS shares (VTS) — multiple 100,000-share transactions reported

Rhea-AI Filing Summary

Company filed a Form 144 disclosing proposed and recent sales of Common Stock by Michael Bruce Chernoff. The notice lists multiple dispositions in April–May 2026, including sales of 100,000 shares on 04/28/2026 and 05/19/2026, with reported proceeds attached to each sale.

Insights

Securities Compliance Specialist

Form 144 notice records proposed/previous sales by an affiliate; procedural disclosure.

The filing lists sequential dispositions of Common Stock by Michael Bruce Chernoff in April–May 2026, with per-trade share counts and proceeds reported. This is a regulatory notice required for certain affiliate sales under the Exchange Act.

Timing and method details beyond the dated trade rows are not provided here; subsequent broker reports or Form 4/5 may supply final execution details.

Equity Markets Analyst

Multiple mid-size sales are reported; impact depends on total holdings and market context.

The excerpt shows repeated sales by the same reporting person, including several 100,000-share transactions with stated proceeds. Without a post-transaction position or company float context in this excerpt, materiality to the investment thesis cannot be assessed.

Future public filings or exchange reports may clarify remaining holdings and whether sales were part of a planned program.

Key Figures

Example sale: 100,000 shares Proceeds (example): $1,864,380.00 Example sale: 100,000 shares +2 more

5 metrics

Example sale 100,000 shares sale dated 04/28/2026

Proceeds (example) $1,864,380.00 proceeds reported for 100,000 shares on 04/28/2026

Example sale 100,000 shares sale dated 05/19/2026

Proceeds (example) $1,840,671.90 proceeds reported for 100,000 shares on 05/19/2026

Smaller sale 1,000 shares sale dated 04/21/2026

Key Terms

Form 144, Plan of Arrangement, Common Stock

3 terms

Form 144 regulatory

"filed Form 144 disclosing proposed and recent sales"

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.

Plan of Arrangement corporate

"EXCHANGE OF SHARES PER PLAN OF ARRANGEMENT"

A plan of arrangement is a formal, court-approved agreement that reorganizes ownership or assets of a company—such as merging businesses, exchanging shares for cash or other securities, or splitting off parts of the company. Investors should care because it can change the value, number, and rights of their holdings and is often binding once approved by both shareholders and a court, offering more legal certainty than a simple vote. Think of it as a legally supervised recipe for how a company will be reshaped and who ends up with what.

Common Stock financial

"COMMON STOCK | 04/28/2026 | 100000 | 1864380.00"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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 STOCK	SCOTIA WEALTH MANAGEMENT SUITE 1700, 225 6TH AVENUE SW CALGARY A0 T2P1N2	100000	1700620.00	41712424	05/28/2026	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 STOCK	03/07/2025	PLAN OF ARRANGEMENT	ISSUER			1702562	03/07/2025	EXCHANGE OF SHARES PER PLAN OF ARRANGEMENT

* 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
MICHAEL BRUCE CHERNOFF 3230, 421 - 7TH AVENUE SW CALGARY A0 T2P 4K9	COMMON STOCK	04/21/2026	1000	18022.00
MICHAEL BRUCE CHERNOFF 3230, 421 - 7TH AVENUE SW CALGARY A0 T2P 4K9	COMMON STOCK	04/28/2026	100000	1864380.00
MICHAEL BRUCE CHERNOFF 3230, 421 - 7TH AVENUE SW CALGARY A0 T2P 4K9	COMMON STOCK	04/30/2026	9796	186048.57
MICHAEL BRUCE CHERNOFF 3230, 421 - 7TH AVENUE SW CALGARY A0 T2P 4K9	COMMON STOCK	05/04/2026	50000	959090.00
MICHAEL BRUCE CHERNOFF 3230, 421 - 7TH AVENUE SW CALGARY A0 T2P 4K9	COMMON STOCK	05/19/2026	100000	1840671.90
MICHAEL BRUCE CHERNOFF 3230, 421 - 7TH AVENUE SW CALGARY A0 T2P 4K9	COMMON STOCK	05/27/2026	100000	1711450.00

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

What does the VTS Form 144 filed by Michael Bruce Chernoff disclose?

It discloses proposed and recent sales of Common Stock by Michael Bruce Chernoff. The notice lists specific sale dates and share counts, including several 100,000-share transactions in April–May 2026, with proceeds reported next to each trade.

Does the Form 144 show exact sale proceeds for each transaction?

Yes, the filing lists proceeds alongside each reported sale. Examples include $1,864,380.00 for 100,000 shares on 04/28/2026 and $1,840,671.90 for 100,000 shares on 05/19/2026, as shown in the excerpt.

Is the Form 144 a confirmation that the trades executed for VTS shares?

Form 144 is a notice of proposed or recent sales, not a trade settlement report. The excerpt lists dated dispositions and proceeds; final execution and settlement details may appear in exchange transaction records or subsequent SEC forms.

Who is listed as the seller and what volumes are shown in the VTS excerpt?

The seller named is Michael Bruce Chernoff. The excerpt shows multiple dispositions including 1,000 shares on 04/21/2026, 100,000 shares on 04/28/2026, and repeated 100,000-share entries in May 2026.