W insider notice: proposed sale of 6,000 Class A shares

Rhea-AI Filing Summary

W — Form 144 filed for proposed insider sale. A selling holder filed notice to sell 6,000 shares of Class A through Fidelity Brokerage Services, with an aggregate market value of $647,640. The approximate sale date is 11/10/2025 on the NYSE. Shares outstanding were 106,879,786.

The notice lists prior sales in the last three months, including 199,422 shares sold on 08/13/2025 for $15,633,884.49 and 120,000 shares sold on 10/23/2025 for $9,860,055.10. Additional sales by the named parties occurred on several dates in August, September, and October 2025 with disclosed gross proceeds. The filer represents they are not aware of undisclosed material adverse information.

Insights

Securities law analyst

Routine Form 144: proposed sale of 6,000 shares, neutral impact.

Form 144 is a notice of proposed sales by affiliates under Rule 144. Here, a holder plans to sell 6,000 Class A shares via Fidelity with an aggregate market value of $647,640, targeted for 11/10/2025 on the NYSE. The filing also enumerates multiple prior sales within the last three months with stated gross proceeds.

This filing is administrative and does not itself execute a sale. Proceeds, if sales occur, go to the selling holder. The representation that the seller is unaware of undisclosed adverse information is standard for such notices.

Without pricing mechanics or issuer proceeds, market impact depends on holder activity. Shares outstanding were 106,879,786 as of the filing’s disclosure, providing baseline context for scale.

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

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
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	6000	647640.00	106879786	11/10/2025	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 *
Class A	01/01/2002	Founders Shares	Issuer			6000	01/01/2002	Compensation

* 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
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	08/11/2025	4000	288440.00
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	08/12/2025	1000	75000.00
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	08/13/2025	199422	15633884.49
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	08/20/2025	85000	6806096.92
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	09/10/2025	5000	430750.00
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	09/22/2025	85000	7377073.54
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	10/10/2025	5000	392100.00
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	10/20/2025	85000	7042070.36
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	10/23/2025	120000	9860055.10
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	10/28/2025	11000	1100000.00
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	10/28/2025	30000	3152949.80

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 W disclose in this Form 144?

A proposed sale of 6,000 Class A shares through Fidelity Brokerage Services with an aggregate market value of $647,640, targeted for 11/10/2025 on the NYSE.

What class of securities and which exchange are involved for W?

The filing concerns Class A shares planned for sale on the NYSE.

How many W shares are outstanding per the notice?

Shares outstanding were 106,879,786.

Who is the broker named in W’s Form 144?

The broker is Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield, RI 02917.

What recent sales of W shares were listed in the past 3 months?

Examples include 199,422 shares on 08/13/2025 for $15,633,884.49 and 120,000 shares on 10/23/2025 for $9,860,055.10.

Does W receive proceeds from these sales?

These are sales by a holder; proceeds from any executed transactions would accrue to the selling holder.