3,766-share Rule 144 notice for FLY (NASDAQ: FLY) via cashless exercise

Rhea-AI Filing Summary

FLY filed a Rule 144 notice to sell 3,766 shares of Common Stock. The shares were acquired as compensation via stock options on 05/06/2025 and the filing reports a cashless exercise with a same-day sale. The filing lists a broker-dealer as Goldman Sachs & Co. LLC and is dated 04/17/2026.

Insights

Securities Compliance Analyst

Rule 144 notice documents an affiliate resale following a cashless exercise.

This filing records an attempted or planned resale of 3,766 shares acquired on 05/06/2025 by cashless exercise of stock options and a same-day sale method. The involvement of a broker-dealer (Goldman Sachs & Co. LLC) is explicitly listed.

Timing and settlement specifics are not detailed here; subsequent broker reports or Form 4/5 filings could show completion and proceeds.

Insider Transaction Specialist

Transaction appears routine: compensation exercise followed by immediate disposition.

The sequence—stock options exercised as compensation on 05/06/2025 with a cashless, same-day sale—is a common liquidity step for option recipients. The filing quantifies the shares to be sold as 3,766.

Investor impact is limited absent larger ownership context; follow-on filings would clarify net holdings and cash proceeds.

Key Figures

Shares to be sold: 3,766 shares Reported value: $164,649.52 Acquisition date: 05/06/2025 +1 more

4 metrics

Shares to be sold 3,766 shares listed as the securities to be sold

Reported value $164,649.52 value shown alongside the share count in the filing excerpt

Acquisition date 05/06/2025 acquired as compensation via stock options

Filing date 04/17/2026 date associated with the Form 144 entry

Key Terms

cashless exercise, same-day sale, Rule 144

3 terms

cashless exercise financial

"Compensation -- Cashless exercise / same-day sale"

A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.

same-day sale financial

"Compensation -- Cashless exercise / same-day sale"

Rule 144 regulatory

"form_type: 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.

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 Stock	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	3766	164649.52	159952387	04/17/2026	NASD

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 Stock	05/06/2025	Acquired as compensation -- Stock Options	The Issuer			3766	05/06/2025	Compensation -- Cashless exercise / same-day sale

* 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

Nothing to Report

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 FLY's Form 144 disclose about the shares being sold?

It discloses a proposed resale of 3,766 shares of Common Stock. The shares were acquired as compensation via stock options on 05/06/2025, with a cashless exercise and same-day sale mechanism and brokerage involvement by Goldman Sachs.

When were the shares that FLY plans to sell acquired?

The shares were acquired as compensation through stock options on 05/06/2025. The filing labels the acquisition method explicitly as a compensation-related stock option exercise.

Does the Form 144 show the broker handling FLY's sale?

Yes. The filing lists Goldman Sachs & Co. LLC as the broker-dealer associated with the sale. No additional broker instructions or settlement details are provided in the excerpt.

What sale method is described in FLY's filing?

The filing states a cashless exercise / same-day sale for the 3,766 shares. That indicates the exercise and immediate disposition of shares rather than a later open-market sale under a separate directive.