Insider notice: 6,299 XYZ shares proposed sale; prior disposals total 27,675 shares

Rhea-AI Filing Summary

Form 144 for issuer (symbol: XYZ) reports a proposed sale of 6,299 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $472,425 and an approximate sale date of 08/22/2025. The filing states the shares were acquired as restricted stock from the issuer on 08/20/2025, with payment recorded on the same date. The filing also discloses multiple sales by the same person in the prior three months totaling 27,675 shares and approximately $2,108,843.91 in gross proceeds. The notice includes the required representation that the seller is not aware of undisclosed material adverse information. Several standard filer and issuer identification fields are blank in the filing, including the issuer name and filer CIK details.

Positive

• Transaction details disclosed: class, broker, share count, market value, acquisition date and nature are all provided
• Past sales fully listed: six transactions in the prior three months with dates and gross proceeds, improving transparency
• Seller attestation included: representation that no undisclosed material adverse information is known

Negative

• Issuer identification missing: issuer name and key filer identification fields are blank in the filing
• Rapid disposal after acquisition: shares were acquired as restricted stock on 08/20/2025 and a sale is proposed for 08/22/2025
• Substantial recent insider sales: 27,675 shares sold in past three months for approximately $2,108,843.91, which may be noteworthy to observers

Insights

Securities Analyst

TL;DR: Insider intends to sell 6,299 newly acquired restricted shares; recent months show significant insider disposals totaling 27,675 shares and ~$2.11M proceeds.

The filing documents a routine Rule 144 notice for the sale of 6,299 common shares via Morgan Stanley, valued at $472,425, acquired as restricted stock two days earlier. The rapid acquisition-to-sale timeline and the pattern of multiple recent sales totaling 27,675 shares and roughly $2.11M in proceeds are notable facts for investors monitoring insider liquidity. The filing lacks issuer-identifying fields, which hinders direct linkage to company-specific context, but the stated numbers permit a clear view of the seller's activity and the mechanics (broker and dates) of the proposed sale.

Compliance / Corporate Governance Expert

TL;DR: Filing appears to meet Rule 144 disclosure elements, but several issuer/filer identifiers are missing in the submission.

The Form 144 includes required transaction detail: class, broker, number of shares, market value, acquisition date and nature (restricted stock), and a representation regarding material non-public information. However, key administrative fields such as the issuer name and filer CIK/CCC are blank in the provided content. From a compliance perspective, the substantive sale disclosure is present, but the missing identifiers could impede clear record linkage and should be corrected to ensure full regulatory traceability.

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	6299	472425.00	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			6299	08/20/2025	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
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	1276	100293.60
AMRITA AHUJA 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/21/2025	6275	493215.00
AMRITA AHUJA 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/21/2025	5019	394493.40
AMRITA AHUJA 1955 Broadway, Suite 600 Oakland CA 94612	Common	07/21/2025	3788	297736.80
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 shares does the Form 144 for XYZ propose to sell?

The notice proposes sale of 6,299 common shares with an aggregate market value of $472,425.

When is the approximate sale date listed on the Form 144 for XYZ?

The approximate date of sale is listed as 08/22/2025.

Who is the broker handling the proposed sale on Form 144?

The broker named is Morgan Stanley Smith Barney LLC (Executive Financial Services, 1 New York Plaza).

How were the shares being sold acquired according to the filing?

The 6,299 shares were acquired as restricted stock from the issuer on 08/20/2025, with payment dated the same day.

What insider sales occurred in the past three months according to this filing?

The filing lists six sales totaling 27,675 shares with aggregate gross proceeds of approximately $2,108,843.91 across dates from 07/02/2025 to 08/21/2025.

Are there any missing administrative details in the Form 144 for XYZ?

Yes. Several filer and issuer identification fields, including the issuer name and filer CIK/CCC, are blank in the provided content.