Sally Wallace (DRS) files Rule 144 notice to sell 28,960 shares
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
Sally Wallace reported an intended sale of 28,960 shares of Common stock under Rule 144. The filing lists the shares as Restricted Stock Vesting with an Issuer designation dated 04/01/2026. The filing also shows a prior sale of 1,300 shares on 01/05/2026 for $45,721.00. Shares outstanding were 265,846,193 as of 04/02/2026.
Positive
- None.
Negative
- None.
Key Figures
Offered shares: 28,960 shares
Prior sale: 1,300 shares
Consideration received prior sale: $45,721.00
+1 more
4 metrics
Offered shares
28,960 shares
Restricted Stock Vesting dated 04/01/2026
Prior sale
1,300 shares
Sale on 01/05/2026 for $45,721.00
Consideration received prior sale
$45,721.00
Proceeds from 1,300-share sale on 01/05/2026
Shares outstanding
265,846,193 shares
as of 04/02/2026
Key Terms
Rule 144, Restricted Stock Vesting, Issuer
3 terms
Rule 144 regulatory
"reported an intended sale of 28,960 shares under Rule 144"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Vesting financial
"lists the shares as Restricted Stock Vesting with an Issuer designation"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
Issuer regulatory
"Restricted Stock Vesting | Issuer | 28960 | 04/01/2026"
FAQ
What does Sally Wallace's Form 144 for DRS report?
It reports an intended sale of 28,960 shares under Rule 144. The filing labels the securities as Restricted Stock Vesting with an issuer designation dated 04/01/2026, and shows a prior sale of 1,300 shares on 01/05/2026.
Does the filing show any recent sales by the same filer?
Yes — the filing records a past sale of 1,300 shares on 01/05/2026 for $45,721.00. That prior sale is listed in the file as a transaction completed within the past three months.
Who is the broker or intermediary listed on the Form 144?
Fidelity Brokerage Services LLC is listed as the broker at the provided address. The filing shows the broker name and location alongside the securities and transaction details, consistent with Rule 144 notice practice.