Steven Bandrowczak to sell 18,795 warrants (XRX) via Morgan Stanley

Rhea-AI Filing Summary

Steven J. Bandrowczak reported a proposed sale of 18,795 warrants. The filing lists the warrants to be sold through Morgan Stanley Smith Barney LLC with an entry date of 05/29/2026. The filing also discloses prior warrant dispositions of 64,395 warrants on 05/28/2026.

This notice concerns warrants tied to trading on NASDAQ and references a 02/13/2026 spin-off line. The filing is a routine Form 144 notice of proposed resale activity by a reporting person.

Key Figures

Proposed warrants to be sold: 18,795 warrants Warrants sold in past 3 months: 64,395 warrants Numeric entry: 8,457.75 +3 more

6 metrics

Proposed warrants to be sold 18,795 warrants listed on the 05/29/2026 entry line

Warrants sold in past 3 months 64,395 warrants disclosed under "Securities Sold During The Past 3 Months" dated 05/28/2026

Numeric entry 8,457.75 numeric field adjacent to 18,795 line in excerpt

Numeric entry 29,158.06 numeric field adjacent to 64,395 line in excerpt

Spin-off reference date 02/13/2026 appears on the "Securities To Be Sold" line labelled "Spin Off"

Broker-dealer listed Morgan Stanley Smith Barney LLC appears on the securities entry line associated with the proposed sale

Key Terms

Warrant, Form 144, Spin Off, Securities Sold During The Past 3 Months

4 terms

Warrant financial

"Warrant | Morgan Stanley Smith Barney LLC 1 New York Plaza"

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

Form 144 regulatory

"144: Securities To Be Sold"

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.

Spin Off corporate

"Warrant | 02/13/2026 | Spin Off | Issuer"

A spin-off is when a company separates one part of its operations into a new, independent company and distributes shares of that new business to existing shareholders. Think of it like a parent splitting a large household into two smaller homes so each can manage its own budget and goals. Investors watch spin-offs because they can reveal hidden value, change growth and risk profiles, and create separate investment choices that may trade at different prices than the original company.

Securities Sold During The Past 3 Months regulatory

"144: Securities Sold During The Past 3 Months"

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

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
Warrant	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	18795	8457.75	130779611	05/29/2026	NASDAQ

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 *
Warrant	02/13/2026	Spin Off	Issuer			18795	02/13/2026	Not Applicable

* 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
STEVEN J BANDROWCZAK 401 MERRITT 7 NORWALK CT 06851	Warrant	05/28/2026	64395	29158.06

144: Remarks and Signature

Remarks

Date of Notice

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 XRX Form 144 show about the transaction?

It shows a proposed sale of 18,795 warrants by Steven J. Bandrowczak, listed with Morgan Stanley Smith Barney LLC and dated 05/29/2026. The filing identifies the instrument as warrants associated with NASDAQ trading.

Has Steven J. Bandrowczak recently sold similar securities for XRX?

Yes. The filing discloses prior sales of 64,395 warrants on 05/28/2026. Those prior dispositions are presented in the "Securities Sold During The Past 3 Months" section of the notice.

Which broker is listed for the proposed resale in the XRX filing?

The broker-dealer named is Morgan Stanley Smith Barney LLC, with an address at 1 New York Plaza, 8th Floor, New York, NY. The filing pairs that broker entry with the 18,795-warrant line dated 05/29/2026.

Does the filing mention why these warrants are being sold for XRX?

The filing lists a 02/13/2026 line labelled "Spin Off" and identifies the role as Issuer, but it does not provide a narrative explanation of the seller's motives within the provided excerpt.

What dates are relevant in the XRX Form 144 excerpt?

Key dates shown are 02/13/2026 (spin-off line), 05/28/2026 (prior sales of 64,395 warrants), and 05/29/2026 (the proposed sale entry for 18,795 warrants).