Insider Files Form 144 to Sell 6,581 XYZ Shares via Morgan Stanley

Rhea-AI Filing Summary

Form 144 notice for proposed sale of securities by an insider. The filer plans to sell 6,581 shares of Common stock through Morgan Stanley Smith Barney on the NYSE with an aggregate market value of $493,575 and an approximate sale date of 09/16/2025. The issuers outstanding shares listed in the form are 609,584,000.

The shares were originally issued as restricted stock: 4,692 shares acquired 02/01/2023 and 1,889 shares acquired 04/01/2023, both from the issuer. The filing also reports four recent common-stock sales by the same person between 07/02/2025 and 08/22/2025 totaling 25,974 shares and gross proceeds shown for each sale.

Positive

• Clear compliance with Rule 144: broker, sale date, class, acquisition dates, and nature of acquisition are provided
• Transparency on recent sales: four prior sales between 07/02/2025 and 08/22/2025 with gross proceeds disclosed

Negative

• No issuer name or filer CIK provided in the form text, limiting identification of the affected company beyond the metadata
• Outstanding share count only provided without context such as market capitalization or insiders percentage ownership

Insights

Securities Analyst

TL;DR: Insider is executing a modest planned sale of restricted shares via brokered transactions; recent prior sales indicate ongoing liquidity events.

The filing documents a proposed block sale of 6,581 common shares (~$493.6k) scheduled for 09/16/2025 through Morgan Stanley Smith Barney on the NYSE. The shares derive from two restricted-stock grants in 2023. The filer also disclosed four prior open-market sales totaling 25,974 shares with gross proceeds reported, indicating the seller has recently monetized a larger position. For investors, this is a routine insider sale notice under Rule 144 and provides transparency about timing, source (restricted grants), and amounts involved.

Corporate Governance Expert

TL;DR: The notice appears compliant with Rule 144 disclosure requirements and includes required sale-history and acquisition details.

The submission identifies the broker, sale date, class, acquisition dates, and nature of acquisition (restricted stock), satisfying key disclosure elements. It includes a representation regarding material nonpublic information. The presence of multiple sales in recent months suggests the insider is reducing exposure or meeting liquidity needs, but the form itself contains no indication of undisclosed material events.

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	6581	493575.00	609584000	09/16/2025	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	02/01/2023	Restricted Stock	ISSUER			4692	02/01/2023	Not Applicable
Common	04/01/2023	Restricted Stock	ISSUER			1889	04/01/2023	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
AMRITA AHUJA 1955 Broadway, Suite 600 Oakland CA 94612	Common	08/22/2025	6299	472425.00
AMRITA AHUJA 1955 Broadway, Suite 600 Oakland CA 94612	Common	08/21/2025	9966	729534.44
AMRITA AHUJA 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/21/2025	16358	1285738.80
AMRITA AHUJA 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/02/2025	1351	93570.67

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 this Form 144 for XYZ indicate about the planned sale?

The filer plans to sell 6,581 shares of common stock through Morgan Stanley Smith Barney on the NYSE, with an aggregate market value of $493,575 and an approximate sale date of 09/16/2025.

Where did the shares being sold come from?

The shares were issued as restricted stock: 4,692 shares acquired on 02/01/2023 and 1,889 shares acquired on 04/01/2023, both from the issuer.

Has the filer sold other shares recently?

Yes; the filing reports four sales during 07/02/2025–08/22/2025 totaling 25,974 shares with gross proceeds listed for each transaction.

Does the Form 144 indicate any material nonpublic information?

By signing the notice the filer represents they do not know any material adverse information that has not been publicly disclosed; the form contains no specifics of undisclosed events.

What broker will execute the sale?

The sale is to be executed by Morgan Stanley Smith Barney LLC Executive Financial Services located at 1 New York Plaza, New York, NY.