VTS (VTS) holder reports several sales totaling hundreds of thousands of shares

Rhea-AI Filing Summary

VTS filing notifies intended sales of Common Stock by a holder and lists recent dispositions by Michael Bruce Chernoff. The excerpt shows multiple offloads between 04/21/2026 and 06/02/2026, including specific share counts and proceeds for each trade. It also records an exchange of shares per plan of arrangement of 1,702,562 shares on 03/07/2025.

Insights

Capital Markets Analyst

Notice of planned sales and recent insider dispositions are routine liquidity events.

The excerpt lists multiple executed sales by Michael Bruce Chernoff with dates and gross proceeds (for example, 100,000 shares for $1,864,380.00 on 04/28/2026). These entries are factual records of transactions and do not by themselves indicate company performance.

Subsequent filings or broker reports would be required to determine whether additional registered resale activity will follow; timing and overall dilution impact are not specified in the provided excerpt.

Key Figures

Shares outstanding (context): 41,712,424 shares Exchange under plan of arrangement: 1,702,562 shares Sale on 04/28/2026: 100,000 shares +3 more

6 metrics

Shares outstanding (context) 41,712,424 shares as shown near header with date <date>06/10/2026</date>

Exchange under plan of arrangement 1,702,562 shares Exchange of shares per plan of arrangement on <date>03/07/2025</date>

Sale on 04/28/2026 100,000 shares Gross proceeds <money>$1,864,380.00</money> on <date>04/28/2026</date>

Sale on 05/19/2026 100,000 shares Gross proceeds <money>$1,840,671.90</money> on <date>05/19/2026</date>

Sale on 05/27/2026 100,000 shares Gross proceeds <money>$1,711,450.00</money> on <date>05/27/2026</date>

Sale on 06/02/2026 13,468 shares Gross proceeds <money>$246,177.53</money> on <date>06/02/2026</date>

Key Terms

Form 144, Plan of Arrangement, Exchange of Shares

3 terms

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.

Plan of Arrangement corporate

"PLAN OF ARRANGEMENT | 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.

Exchange of Shares corporate

"EXCHANGE OF SHARES PER PLAN OF ARRANGEMENT"

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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 T2P 4K9	70262	1264694.92	41712424	06/10/2026	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
MICHAEL BRUCE CHERNOFF 3230, 421 - 7TH AVENUE SW CALGARY A0 T2P 4K9	COMMON STOCK	05/28/2026	100000	1700620.00
MICHAEL BRUCE CHERNOFF 3230, 421 - 7TH AVENUE SW CALGARY A0 T2P 4K9	COMMON STOCK	06/02/2026	13468	246177.53

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 VTS Form 144 disclosure mean for shareholders?

It notifies planned or imminent sales of shares by an affiliate or control person. The excerpt lists executed sales by Michael Bruce Chernoff with dates and proceeds, which are regulatory notices of transfer activity rather than statements about operations.

How many shares were exchanged under the plan of arrangement for VTS?

The filing records an exchange of 1,702,562 shares on 03/07/2025. This line is shown as an "exchange of shares per plan of arrangement" and is presented separately from the later sale transactions.

Which insider executed recent sales reported in the VTS excerpt?

The excerpt lists multiple sales by Michael Bruce Chernoff between 04/21/2026 and 06/02/2026, including several 100,000-share transactions and other lots with accompanying gross proceeds.

Do the Form 144 entries state net proceeds received by VTS?

No. The listed dollar amounts are proceeds associated with the holder's transactions; the entries do not state that VTS received any proceeds and do not describe use of funds.