XYZ Form 144 Files Proposed Sale of 400 Restricted Shares

Rhea-AI Filing Summary

This Form 144 notice reports a proposed sale of 400 common shares through Morgan Stanley Smith Barney on 08/25/2025 with an aggregate market value of $32,000. The shares were acquired as restricted stock from the issuer on 08/20/2024 and were paid in full on that date. The filer, identified as Dhananjay Prasanna in recent transactions, also recorded multiple open-market common stock sales between 05/27/2025 and 08/21/2025 totaling approximately 40,000 shares and aggregate gross proceeds shown across those trades. The issuer has 609,584,000 shares outstanding, making the proposed 400-share sale immaterial by percentage of the outstanding share count.

Insights

Securities Analyst

TL;DR: Insider proposes a small sale of restricted shares after earlier open-market dispositions; overall volume is negligible versus shares outstanding.

The filing documents a proposed sale of 400 restricted shares valued at $32,000 and a history of open-market sales by the same person from May through August 2025 totaling roughly 40,000 shares. Relative to the issuer's reported 609.6 million shares outstanding, these transactions represent an immaterial dilution or selling pressure. From a market-impact perspective, the proposed sale itself is not material. Investors may note pattern of periodic disposition but the filing includes the required Rule 144 representation regarding lack of undisclosed material information.

Corporate Governance Expert

TL;DR: The filing is a routine Rule 144 notification for insider sales and complies with reporting format; no governance red flags disclosed.

The document shows the securities were acquired as restricted stock and that sales are being reported under Rule 144 procedures. The filer certifies no material nonpublic information is known. There is no indication in the filing of any breaches, related-party transfers, or unusual consideration arrangements. Given the small size of the proposed sale relative to total shares outstanding, this notice does not raise material governance concerns on its face.

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
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	400	32000.00	609584000	08/25/2025	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 *
Common	08/20/2024	Restricted Stock	ISSUER			400	08/20/2024	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
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	08/21/2025	5659	417181.48
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	08/15/2025	3600	274284.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	08/08/2025	400	32796.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	08/01/2025	3600	269748.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/23/2025	800	64000.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/17/2025	800	56000.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/15/2025	2800	190568.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/02/2025	800	56000.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/01/2025	2800	189672.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	06/30/2025	2400	161376.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	06/16/2025	2800	177828.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	06/02/2025	2800	169568.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	05/27/2025	11318	695061.02

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)