Shah Group notifies sales of Class A shares (W)

Rhea-AI Filing Summary

Insider sale notices filed for Class A shares. The excerpt lists multiple Rule 144 sale notices by Niraj S. Shah and the Shah Charitable Foundation for Class A stock, including a 150,000-share notice dated 01/23/2026 and other notices through 04/10/2026. The filings report share counts and gross sale amounts for each noticed transaction.

Key Figures

Largest noticed sale: 150,000 shares Gross proceeds (largest): $16,330,605.61 Other noticed sales (examples): 93,000; 107,818; 27,000 shares +2 more

5 metrics

Largest noticed sale 150,000 shares dated 01/23/2026 by Niraj S. Shah

Gross proceeds (largest) $16,330,605.61 proceeds reported for 150,000-share notice on 01/23/2026

Other noticed sales (examples) 93,000; 107,818; 27,000 shares notices dated 02/23/2026, 03/23/2026, 02/26/2026 respectively

Proceeds example (93,000) $6,940,293.42 gross proceeds reported for 93,000-share notice on 02/23/2026

Charitable foundation notices 5,000; 5,000; 4,000 shares Shah Charitable Foundation notices on 02/10/2026, 03/10/2026, 04/10/2026

Key Terms

Form 144, Rule 144, Founders Shares, Compensation

4 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.

Rule 144 regulatory

"144: Securities To Be Sold"

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.

Founders Shares market

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

Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.

Compensation other

"01/01/2002 | Compensation"

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	1000	75000.00	108769567	04/14/2026	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			1000	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	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
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	04/10/2026	4000	295040.00

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 does the Form 144 filing for W show?

The Form 144 lists multiple noticed sales of Class A shares by Niraj S. Shah and Shah Charitable Foundation. It includes dates, share amounts (e.g., 150,000 shares on 01/23/2026) and gross proceeds for each noticed transaction.

How many shares did Niraj S. Shah notify under Rule 144 in the excerpt?

The excerpt shows several noticed sales by Niraj S. Shah, including 150,000, 93,000, 27,000, 107,818, 1,571, and 10,611 share notices on specified dates through April 2026.

What gross proceeds are reported for the largest noticed sale?

The largest single noticed sale in the excerpt is 150,000 shares dated 01/23/2026 with reported gross proceeds of $16,330,605.61, as shown in the filing excerpt.

Do these Form 144 notices confirm completed open-market sales?

Form 144 provides notice of intent to sell under Rule 144 but does not by itself confirm settlement. The excerpt lists noticed transactions and gross amounts; whether each sale executed or settled is not stated in the excerpt.

Are charitable entities involved in the noticed transactions for W?

Yes. The Shah Charitable Foundation appears as a reporting holder in multiple notices, including 5,000-share notices and a 4,000-share notice dated 04/10/2026, with corresponding gross amounts listed in the excerpt.