Niraj Shah, Shah Charitable Foundation propose Class A sales (NYSE: W)

Rhea-AI Filing Summary

Niraj S. Shah filed Rule 144 notices proposing sales of Class A shares. The filing lists multiple proposed dispositions by Mr. Shah and the Shah Charitable Foundation, including examples such as 150,000 shares on 01/23/2026 for 16330605.61 and 107,818 shares on 03/23/2026 for 8323118.54. The entries are presented as individual proposed sales with dates and gross proceeds per line.

Insights

Securities Compliance Counsel

Rule 144 notices list multiple proposed sales by Niraj S. Shah and a charitable entity.

The filing records proposed dispositions of Class A shares with per-transaction share counts and gross proceeds, including 150,000 shares (01/23/2026) and 107,818 shares (03/23/2026). These entries function as notices of intended resale under Rule 144 rather than confirmatory settlement reports.

Timing and cash-flow treatment are shown per line as dates and dollar amounts; subsequent filings or execution reports would confirm actual transfers and net proceeds.

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	1571	130141.03	108769567	03/24/2026	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			1571	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	12/26/2025	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
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	03/23/2026	107818	8323118.54

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 Rule 144 filing for W disclose about Niraj S. Shah?

It disclosed multiple proposed sales of Class A shares by Niraj S. Shah and a related foundation. The filing lists individual transactions with dates, share counts (for example, 150,000 and 107,818) and gross proceeds for each line item.

Do the entries in the filing confirm completed sales for W shares?

No—these are Rule 144 notices of proposed dispositions, not confirmations of settlement. Each line shows a proposed sale date and gross dollar amount; execution and net proceeds would appear in later reports.

Which large proposed transactions are shown in the excerpt for W?

Examples include 150,000 shares on 01/23/2026 for 16330605.61 and 107,818 shares on 03/23/2026 for 8323118.54. The filing lists multiple additional smaller dispositions across late 2025 and early 2026.

Who else is named as a seller in the Rule 144 filing for W?

The Shah Charitable Foundation is listed alongside Niraj S. Shah as a proposed seller. The foundation has separate line items with dates, share counts (for example, 6,000 and 5,000) and corresponding dollar amounts.

Where can I find confirmation that these proposed sales were executed?

Execution confirmation is not included in this Rule 144 notice excerpt. Completed sales or transfers would be disclosed in subsequent SEC filings or transaction confirmations that show settlement and net proceeds.