150,000 Class A Shares Sold; W (NYSE) filings show multiple Rule 144 sales

Rhea-AI Filing Summary

Rule 144 sale notices for Class A (Founders Shares) list multiple dispositions by Niraj S. Shah and Shah Charitable Foundation between 01/12/2026 and 03/25/2026. The largest single reported sale was 150,000 shares on 01/23/2026 for $16,330,605.61. Broker/intermediary activity shows 4,000 shares and $295,040.00 tied to Fidelity Brokerage Services.

Insights

Equity Compliance Analyst

Multiple Rule 144 dispositions by related parties over several dates; no additional context on proceeds use.

These entries are Rule 144 notices reporting open-market or restricted-share resales by Niraj S. Shah and the Shah Charitable Foundation. Each line shows the number of Class A shares, trade date, and gross dollar value.

Timing and pattern are factual; the entries do not state whether sales were under a pre-arranged plan or for liquidity. Subsequent filings may disclose further context.

Key Figures

Largest single reported sale: 150,000 shares Proceeds for 150,000 shares: $16,330,605.61 Reported sale - 107,818 shares: 107,818 shares +2 more

5 metrics

Largest single reported sale 150,000 shares 01/23/2026 reported by Niraj S. Shah

Proceeds for 150,000 shares $16,330,605.61 01/23/2026 reporting line

Reported sale - 107,818 shares 107,818 shares 03/23/2026 for $8,323,118.54

Proceeds - 93,000 shares $6,940,293.42 02/23/2026 reported by Niraj S. Shah

Brokerage line 4,000 shares Fidelity Brokerage Services / 04/10/2026 / $295,040.00

Key Terms

Rule 144, Class A (Founders Shares), Shah Charitable Foundation

3 terms

Rule 144 regulatory

"144: Securities Sold During The Past 3 Months"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Class A (Founders Shares) market

"Class A | 01/01/2002 | Founders Shares"

Shah Charitable Foundation other

"Shah Charitable Foundation 4 Copley Place Boston MA 02116 | Class A | 01/12/2026"

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	4000	295040.00	108769567	04/10/2026	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 *
Class A	01/01/2002	Founders Shares	Issuer			4000	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	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
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	03/23/2026	107818	8323118.54
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	03/24/2026	1571	121247.24
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	03/25/2026	10611	834958.95

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 filing for W show about recent insider sales?

The Form 144 lists multiple sales of Class A shares by Niraj S. Shah and Shah Charitable Foundation between 01/12/2026 and 03/25/2026. The largest line shows 150,000 shares sold on 01/23/2026 for $16,330,605.61, each entry includes date, share count, and gross value.

How many shares did Niraj S. Shah report selling on 01/23/2026 in the Form 144?

Niraj S. Shah reported selling 150,000 shares on 01/23/2026 for $16,330,605.61. The filing lists each disposition with the trade date, number of Class A shares, and the gross dollar amount per line.

Which charitable entity appears in the Form 144 and what sales are reported?

The Shah Charitable Foundation appears with multiple entries, including 6,000 shares on 01/12/2026 for $686,280.00 and other dates through 03/10/2026. Each row pairs the charity name with Class A share counts and gross proceeds.

Does the Form 144 detail who received the sale proceeds or why shares were sold?

The excerpt reports shareholder names, dates, share counts, and gross values but does not state recipients of proceeds or sale purposes. The filing shows transaction data only; use or destination of proceeds is not provided in the listed lines.

Are broker or intermediary details included in the filing excerpt?

Yes. Fidelity Brokerage Services LLC is listed with an entry showing 4,000 Class A shares and $295,040.00 associated with a 04/10/2026 NYSE line. The excerpt provides broker name, share count, and dollar amount per that row.