Niraj S. Shah and Shah Charitable Foundation report multiple Class A share sales (W)

Rhea-AI Filing Summary

Niraj S. Shah and related entities reported proposed sales of Class A shares under a Form 144 covering multiple transactions. The filings list specific open-market sales on dates from 12/23/2025 through 03/10/2026, including Niraj S. Shah: 120,000 shares on 12/23/2025 and Shah Charitable Foundation: 6,000 shares on 01/12/2026. The entries show share counts and gross proceeds for each dated sale.

Insights

Insider Transactions Analyst

Form 144 filings show scheduled/reported dispositions by an insider and an affiliated charitable foundation.

The excerpt lists multiple dated sales of Class A shares by Niraj S. Shah and the Shah Charitable Foundation, with individual transactions like 12/23/2025 (120,000 shares) and 01/12/2026 (6,000 shares). Each row pairs a date, share count, and a dollar amount labeled as proceeds.

Because these are resale notices under Form 144, they report proposed or recently completed dispositions; the timing, aggregation, and whether transactions were part of a plan are not stated in the excerpt. Subsequent filings or broker confirmations would clarify actual execution and remaining ownership.

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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

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	107818	8323118.54	108769567	03/23/2026	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 *
Class A	01/01/2002	Founders Shares	Issuer			107818	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
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	12/23/2025	120000	12033247.33
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	12/26/2025	30000	3069663.79
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	01/12/2026	6000	686280.00
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	01/23/2026	150000	16330605.61
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	02/10/2026	5000	462750.00
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	02/23/2026	93000	6940293.42
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	02/26/2026	27000	2129768.33
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	03/10/2026	5000	375600.00

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 the Form 144 for W disclose about insider sales?

The filing reports multiple proposed or recent sales of Class A shares by Niraj S. Shah and the Shah Charitable Foundation. It lists transaction dates, share counts, and gross dollar amounts for each sale from 12/23/2025 to 03/10/2026.

How many shares did Niraj S. Shah report selling in the excerpt?

The excerpt shows several sales by Niraj S. Shah, including 120,000 shares on 12/23/2025 and additional lots (e.g., 150,000 on 01/23/2026 and 93,000 on 02/23/2026). Each line lists the specific share counts and proceeds.

Does the filing state who received the proceeds from these sales?

The excerpt pairs each transaction with a dollar figure reflecting gross proceeds, but it does not state in the excerpt who specifically received the cash or the cash‑flow treatment. The rows show proceeds amounts alongside each dated sale.

Are the sales listed for a charitable entity in the Form 144 excerpt?

Yes. The Shah Charitable Foundation appears with multiple entries (for example, 6,000 shares on 01/12/2026 and 5,000 on 02/10/2026), each showing share counts and associated proceeds amounts.

What time period do the reported transactions cover in this excerpt?

The transactions listed span from 12/23/2025 through 03/10/2026, showing individual dated sales within that range and corresponding share counts and proceeds for each entry.