Insider Files Form 144 to Sell 5,659 XYZ Shares on NYSE

Rhea-AI Filing Summary

Form 144 notice reporting a proposed sale of 5,659 shares of common stock through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $417,181.48 and 609,584,000 shares outstanding. The securities were acquired as restricted stock from the issuer on 08/20/2025 and the approximate sale date is listed as 08/21/2025. The filing also lists numerous prior sales by Dhananjay Prasanna during June–August 2025 with individual sale dates, share amounts, and gross proceeds disclosed.

Positive

• Disclosure compliance: The Form 144 provides required Rule 144 details including broker, class, quantity, market value, and outstanding shares.
• Brokered transaction: The proposed sale is routed through a major broker, Morgan Stanley Smith Barney LLC.

Negative

• Concentrated insider activity: The filing shows numerous prior sales by Dhananjay Prasanna across June–August 2025, indicating repeated disposals.
• Immediate resale after acquisition: The securities were acquired as restricted stock on 08/20/2025 with an approximate sale date of 08/21/2025.

Insights

Financial Analyst

TL;DR: Insider plans to sell 5,659 common shares via Morgan Stanley; multiple recent disposals by same person are disclosed.

The filing is a standard Rule 144 notice showing a proposed sale of 5,659 shares valued at $417,181.48 on the NYSE through Morgan Stanley Smith Barney LLC. The shares were recorded as restricted stock acquired from the issuer on 08/20/2025 with an approximate sale date of 08/21/2025. The filing also documents a sequence of prior sales by Dhananjay Prasanna between 05/27/2025 and 08/15/2025 with per-transaction gross proceeds listed. For investors, the document serves as transparent disclosure of intended insider sales and recent transaction history.

Corporate Governance Expert

TL;DR: Compliance-focused filing disclosing proposed insider sale and multiple recent disposals by the same individual.

The notice meets Rule 144 disclosure by identifying the broker, class of securities, acquisition type (restricted stock), acquisition date, and planned sale timing. It explicitly lists prior sales by the same named seller with dates and proceeds, which is relevant for assessing insider liquidity and transaction patterns. The filing includes the required signature attestations about material nonpublic information.

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	5659	417181.48	609584000	08/21/2025	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			5659	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
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	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 filed for XYZ disclose?

The Form 144 reports a proposed sale of 5,659 common shares on the NYSE via Morgan Stanley Smith Barney LLC with an aggregate market value of $417,181.48 and 609,584,000 shares outstanding.

When were the shares to be sold acquired according to the filing?

The shares were acquired as restricted stock from the issuer on 08/20/2025 with an approximate sale date of 08/21/2025.

Who is listed as having sold shares in the past three months in this filing?

The filing lists multiple sales by Dhananjay Prasanna between 05/27/2025 and 08/15/2025, including detailed share amounts and gross proceeds for each transaction.

Through which broker will the proposed sale be executed?

The proposed sale is to be executed through Morgan Stanley Smith Barney LLC, located at 1 New York Plaza, 8th Floor, New York, NY 10004, per the filing.

What representation does the seller make by signing the Form 144?

By signing, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed and provides attestations related to Rule 10b5-1 if applicable.