Douglas L. Friedman selling shares under Form 144 (NASDAQ: TW)

Rhea-AI Filing Summary

Douglas L. Friedman reported proposed sales under Rule 144. The filing lists Restricted Stock Units of 2,811 and discloses prior 10b5-1 sales of 30,549 shares on 02/10/2026 for $3,527,230.62. The notice is on a Form 144 dated 03/20/2026 and names Morgan Stanley Smith Barney LLC Executive Financial Services as the issuer/intermediary, with trading on NASDAQ.

Insights

Corporate Governance Analyst

Form 144 records an expected insider sale and prior 10b5-1 executed sales.

The filing lists 2,811 Restricted Stock Units to be sold and documents past 10b5-1 sales of 30,549 shares on 02/10/2026 generating $3,527,230.62. The statement names Morgan Stanley Smith Barney LLC Executive Financial Services and lists NASDAQ as the trading market.

These items are administrative disclosures of planned or recent insider dispositions. The timing and actual settlement depend on the sale mechanics and any compliance conditions; subsequent filings will show executed transactions.

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	2811	354214.11	115657833	03/20/2026	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	03/15/2026	Restricted Stock Units	Issuer			2811	03/15/2026	N/A

* 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
10b5-1 Sales for DOUGLAS L FRIEDMAN 245 PARK AVENUE New York NY 10167	Common	02/10/2026	30549	3527230.62

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 Douglas L. Friedman’s Form 144 for TW disclose?

The Form 144 discloses proposed sales of 2,811 Restricted Stock Units and prior 10b5-1 sales of 30,549 shares on 02/10/2026 that produced $3,527,230.62.

When were the previously reported 10b5-1 sales executed?

The prior 10b5-1 sales were executed on 02/10/2026, totaling 30,549 shares with proceeds of $3,527,230.62, as shown in the filing.

Which issuer and market are referenced in the Form 144?

The filing names Morgan Stanley Smith Barney LLC Executive Financial Services as the issuer/intermediary and indicates trading on NASDAQ, per the disclosure header.

Does the Form 144 confirm the Restricted Stock Units were sold?

The Form 144 lists 2,811 Restricted Stock Units to be sold; it is a notice of proposed sale and does not by itself confirm completed settlement of those units.

How does the filing indicate compliance with trading plans?

The filing explicitly references 10b5-1 sales for prior transactions, indicating those sales were executed under a prearranged plan; the filing lists one such sale on 02/10/2026.