Form 144: Morgan Stanley to Execute Sale of 8,501 XYZ Shares

Rhea-AI Filing Summary

Form 144 notice for XYZ shows a proposed sale of 8,501 common shares through Morgan Stanley Smith Barney LLC on 08/22/2025, with an aggregate market value of $628,009.50. The filing reports the issuer has 609,584,000 shares outstanding. The securities to be sold were acquired as restricted stock on 07/01/2025 (1,314 shares) and 08/20/2025 (7,187 shares). The filing also lists multiple sales by OWEN B JENNINGS during the prior three months totaling 17,652 shares on dates between 06/06/2025 and 08/21/2025, with per-sale gross proceeds shown in the notice.

Positive

• Proposed sale fully disclosed with broker, date, share count, and market value
• Acquisition details provided (restricted stock on 07/01/2025 and 08/20/2025)
• Past three-month sales listed with gross proceeds, enhancing transparency

Negative

• Insider dispositions total 17,652 shares in the prior three months, indicating recent selling activity
• No issuer name provided in the tables of the filed excerpt, limiting context about the company

Insights

Securities Analyst

TL;DR: Routine Form 144 showing an insider proposing to sell 8,501 restricted shares; prior insider sales total 17,652 shares.

The filing is a standard Rule 144 notice reporting a planned sale of 8,501 common shares via Morgan Stanley on 08/22/2025 valued at $628,009.50. The shares were acquired as restricted stock in July and August 2025, indicating recent grant vesting or issuance. The issuer's outstanding share count of 609,584,000 places the proposed sale at a small fraction of total shares outstanding. The filing also documents multiple sales by OWEN B JENNINGS over the prior three months totaling 17,652 shares with stated gross proceeds by sale.

Corporate Governance Expert

TL;DR: Disclosure meets Rule 144 format; multiple insider dispositions are recorded but the notice itself is procedural.

This Form 144 provides the broker name, specific sale date, and acquisition details (restricted stock on 07/01/2025 and 08/20/2025). The signature/representation language is included, confirming the filer represents no undisclosed material adverse information. The document records recent insider sales by a named individual, which is relevant for governance transparency but contains no explanatory commentary on reasons for sale.

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	8501	628009.50	609584000	08/22/2025	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	08/20/2025	Restricted Stock	ISSUER			7187	08/20/2025	Not Applicable
Common	07/01/2025	Restricted Stock	ISSUER			1314	07/01/2025	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
OWEN B JENNINGS 1955 Broadway, Suite 600 Oakland CA 94612	Common	08/21/2025	10424	763060.97
OWEN B JENNINGS 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/21/2025	393	30889.80
OWEN B JENNINGS 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/21/2025	1789	140615.40
OWEN B JENNINGS 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/21/2025	1811	142344.60
OWEN B JENNINGS 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/02/2025	1050	72723.32
OWEN B JENNINGS 1955 Broadway, Suite 600 Oakland CA 94612	Common	06/06/2025	394	25610.00
OWEN B JENNINGS 1955 Broadway, Suite 600 Oakland CA 94612	Common	06/06/2025	1791	116415.00

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 notice reports a proposed sale of 8,501 common shares via Morgan Stanley on 08/22/2025, valued at $628,009.50.

Who is the broker handling the proposed sale?

The broker named is Morgan Stanley Smith Barney LLC located at 1 New York Plaza, 8th Floor, New York, NY 10004.

When were the shares being sold acquired?

The securities were acquired as restricted stock on 07/01/2025 (1,314 shares) and 08/20/2025 (7,187 shares).

How many shares has the filer sold in the past three months?

The filing lists sales by OWEN B JENNINGS totaling 17,652 shares between 06/06/2025 and 08/21/2025 with gross proceeds shown per sale.

How many shares does the issuer have outstanding?

The filing lists 609,584,000 shares outstanding for the issuer.