Insider Files Form 144 to Sell 3,600 XYZ Shares on NYSE

Rhea-AI Filing Summary

Form 144 notice for issuer (symbol: XYZ) shows a proposed sale of 3,600 common shares through Morgan Stanley Smith Barney with an aggregate market value of $274,284.00, scheduled approximately for 08/15/2025 on the NYSE. The shares were acquired as restricted stock from the issuer on 08/20/2024 and payment was recorded the same day. The filing also lists multiple completed sales by the same person between 05/27/2025 and 08/08/2025, including numerous transactions of common shares executed through mid-2025. The filer certifies they do not possess undisclosed material adverse information and the sale will be effected through the named broker.

Positive

• Broker identified (Morgan Stanley Smith Barney), which supports orderly execution and compliance with Rule 144 procedures
• Acquisition and payment dates provided (restricted stock acquired and paid on 08/20/2024), clarifying provenance of the securities
• Filer attestation that they do not possess undisclosed material adverse information, as required by the form

Negative

• Substantial insider selling activity is documented across multiple dates from 05/27/2025 through 08/08/2025, which may concern some investors
• No plan adoption date shown for a Rule 10b5-1 trading plan, so it is unclear if sales were under a prearranged plan

Insights

Financial Analyst

TL;DR: Routine insider disposal of restricted shares through broker; not clearly material to company valuation on its face.

The filing documents a planned sale of 3,600 common shares (market value $274,284) by a person who received those shares as restricted stock on 08/20/2024 and who has executed numerous sales from 05/27/2025 through 08/08/2025. Sales are to be routed through Morgan Stanley Smith Barney on the NYSE. This pattern is consistent with scheduled or rule-compliant dispositions of previously restricted awards rather than an extraordinary corporate event. For investors, the filing signals insider liquidity but, absent information about total insider holdings or proportionate ownership, it does not by itself indicate a material change to capital structure or control.

Compliance / Governance Analyst

TL;DR: Filing appears procedurally complete: broker named, acquisition and sale dates provided, and Form 144 attestation included.

The notice identifies the broker, class, acquisition type (restricted stock), acquisition date, number of shares to be sold, and the approximate sale date, fulfilling key Rule 144 disclosure elements. The filer affirms absence of undisclosed material adverse information and references Rule 10b5-1 procedures if applicable, though no plan adoption date is shown. From a governance perspective, the document documents compliance with Rule 144 timing and disclosure requirements; any remaining compliance assessment would require cross-checking total beneficial ownership and applicable resale volume limitations.

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	3600	274284.00	609584000	08/15/2025	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			3600	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	08/08/2025	161	13200.39
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	08/08/2025	239	19595.61
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	08/01/2025	310	23228.30
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	08/01/2025	700	52451.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	08/01/2025	2229	167018.97
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	08/01/2025	68	5095.24
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	08/01/2025	293	21954.49
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/23/2025	400	32000.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/23/2025	400	32000.00
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	397	27019.82
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/15/2025	961	65405.66
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/15/2025	1442	98142.52
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	261	17680.14
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/01/2025	2539	171991.86
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	06/30/2025	2087	140329.88
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	06/30/2025	313	21046.12
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	5659	347530.51
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 94612	Common	05/27/2025	5659	347530.51

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 for XYZ report?

The form reports a proposed sale of 3,600 common shares (aggregate market value $274,284.00) to be sold on or about 08/15/2025 through Morgan Stanley Smith Barney on the NYSE.

When were the 3,600 shares acquired by the filer?

The shares were acquired as restricted stock from the issuer on 08/20/2024, with payment recorded on the same date.

Has the filer sold other XYZ shares recently?

Yes. The filing lists multiple sales by the same person between 05/27/2025 and 08/08/2025, with numerous transactions of common shares reported.

Which broker will handle the sale?

The sale is to be handled by Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY.

Does the filer assert they possess no undisclosed material information?

Yes. By signing the notice the filer represents they do not know of any undisclosed material adverse information regarding the issuer.