[144] zSpace, Inc. Common stock SEC Filing

Rhea-AI Filing Summary

The Form 144 filing discloses a proposed sale of 1,384 shares of zSpace, Inc. (ZSPC) common stock at an aggregate market value of $3,817.49. The shares are expected to be sold on or about 07/11/2025 through Fidelity Brokerage Services LLC on the NASDAQ exchange. According to the filing, ZSPC has 22,881,681 shares outstanding, so the proposed sale represents roughly 0.006 % of total shares.

The seller, Paul Kellenberger, acquired the shares via “Restricted Stock Vesting” dated 07/10/2025 as compensation. No relationship to the issuer is specified in the form. Over the past three months, the same seller reported five prior sales totaling 6,713 shares for gross proceeds of $19,825.20 (sales dated 07/03/25–07/10/25).

The filer certifies that no undisclosed material adverse information is known regarding ZSPC and affirms compliance with Rule 144 conditions.

Positive

• Minimal share impact: 1,384 shares equal only 0.006 % of outstanding stock, posing negligible dilution or price pressure.

Negative

• Continued insider selling pattern: The filer sold 6,713 shares over the last week, which may draw attention if the trend persists.

Insights

Securities Analyst

TL;DR: Very small Rule 144 sale; negligible dilution; continued insider selling trend noted.

The 1,384-share sale equals approximately 0.006 % of ZSPC’s outstanding shares, posing no dilution or liquidity threat. However, the disclosure follows five similar sales in the past week, bringing the total to 6,713 shares. While dollar values are immaterial, a pattern of insider disposition can influence sentiment if it continues. No relationship field is completed, so the insider’s role is unconfirmed, limiting further interpretation. Overall impact is minor and informational rather than market-moving.

Corporate Governance Expert

TL;DR: Routine compliance filing; insider affirms no undisclosed adverse data; low governance risk.

Form 144 confirms the seller asserts the absence of undisclosed negative information, satisfying Rule 144 and 10b5-1 safeguards. The sale relates to recently vested restricted stock, a common liquidity event. Absence of issuer relationship data suggests either a non-executive or simply an incomplete form; investors should monitor future filings for clarity. Governance risk appears minimal given the modest size and transparent disclosure.

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

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	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	1384	3817.49	22881681	07/11/2025	NASDAQ

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	07/10/2025	Restricted Stock Vesting	Issuer			1384	07/10/2025	Compensation

* 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
Paul Kellenberger 55 Nicholson Lane San Jose CA 95134	Common	07/03/2025	1328	3995.95
Paul Kellenberger 55 Nicholson Lane San Jose CA 95134	Common	07/07/2025	1382	4074.00
Paul Kellenberger 55 Nicholson Lane San Jose CA 95134	Common	07/08/2025	1324	3919.70
Paul Kellenberger 55 Nicholson Lane San Jose CA 95134	Common	07/09/2025	1296	3918.07
Paul Kellenberger 55 Nicholson Lane San Jose CA 95134	Common	07/10/2025	1383	3917.49

144: Remarks and Signature

Remarks

Date of Notice

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

How many ZSPC shares are being sold under this Form 144?

The filing covers 1,384 common shares.

What is the estimated value of the proposed sale?

The aggregate market value is $3,817.49.

When is the planned sale date for ZSPC shares?

The approximate sale date is 07/11/2025.

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

The filer reported 6,713 shares sold from 07/03/25 to 07/10/25.

What percentage of ZSPC’s shares outstanding does the proposed sale represent?

Approximately 0.006 % of the 22,881,681 shares outstanding.