Shah entities report multiple Class A share sales (W)

Rhea-AI Filing Summary

Notice of proposed sales of Class A shares by holders including Shah Charitable Foundation and Niraj S. Shah. The filing lists multiple Class A share dispositions with specific trade dates and dollar amounts for sales reported between 03/10/2026 and 05/11/2026, including institutional and individual sellers.

Insights

Securities Counsel

Form 144 lists proposed or planned sales by affiliated holders; it is an administrative disclosure.

Form 144 is a notice required when affiliates or control persons propose to sell restricted or control securities. The listing here shows actual executed sales reported for multiple dates, with transaction sizes and proceeds recorded in the filing.

Cash‑flow treatment and any transfer restrictions are not described in the excerpt; subsequent public filings or broker records would show settlement and ownership changes.

Equity Markets Analyst

Reported dispositions are transaction-level data, not a company financing or registration.

The entries list share counts and gross proceeds per trade, for example $375,600.00 on 03/10/2026 and $8,823,241.15 on 04/23/2026. These are holder sales, not issuer actions.

Market impact depends on timing and execution method; the excerpt does not state whether trades were block trades, open‑market, or part of a plan.

Key Figures

Sale on 03/10/2026: 5,000 shares Proceeds on 03/10/2026: $375,600.00 Sale on 04/23/2026: 113,863 shares +3 more

6 metrics

Sale on 03/10/2026 5,000 shares reported sale by Shah Charitable Foundation

Proceeds on 03/10/2026 <money>$375,600.00</money> gross proceeds shown for 5,000 shares

Sale on 04/23/2026 113,863 shares reported sale by Niraj S. Shah

Proceeds on 04/23/2026 <money>$8,823,241.15</money> gross proceeds shown for 113,863 shares

Sale on 05/11/2026 4,000 shares reported sale by Shah Charitable Foundation

Proceeds on 05/11/2026 <money>$263,840.00</money> gross proceeds shown for 4,000 shares

Key Terms

Form 144, Class A, Founders Shares

3 terms

Form 144 regulatory

"144: Securities Sold During The Past 3 Months"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Class A financial

"Class A | 03/10/2026 | 5000 | 375600.00"

Class A denotes a specific group of a company’s shares that carry a particular set of rights—most commonly different voting power or dividend priority compared with other share classes. Think of it like different seats on a bus where some seats let you steer and others only ride: knowing whether a share is Class A tells investors how much influence they have over company decisions and how returns might be distributed, which affects control and value.

Founders Shares financial

"Class A | 01/01/2002 | Founders Shares"

Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.

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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
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	1000	75000.00	111018505	05/27/2026	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 *
Class A	01/01/2002	Founders Shares	Issuer			1000	01/01/2002	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
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	03/10/2026	5000	375600.00
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	03/23/2026	107818	8323118.54
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	03/24/2026	1571	121247.24
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	03/25/2026	10611	834958.95
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	04/10/2026	4000	295040.00
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	04/14/2026	1000	75000.00
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	04/23/2026	113863	8823241.15
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	04/24/2026	6137	482489.64
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	05/11/2026	4000	263840.00

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 Form 144 filed for W indicate?

Form 144 indicates proposed or reported sales of restricted or control Class A shares by affiliates. The excerpt lists multiple sell transactions dated between 03/10/2026 and 05/11/2026, with share counts and gross proceeds for each trade.

Who are the sellers named in the W filing?

The excerpt names sellers including Shah Charitable Foundation and Niraj S. Shah. It lists multiple dated transactions and amounts attributed to those holders in the provided excerpt.

Do these Form 144 entries change the company’s capital structure for W?

These entries document sales by existing holders and do not by themselves change authorized shares or the company’s capital structure. They record transfers of existing Class A shares between holders and market counterparties.

Are proceeds from the sales paid to the company (W)?

The excerpt shows dollar proceeds per transaction but does not state that the company received any proceeds. The listed amounts reflect holder receipts from secondary sales, not issuer financing as presented.

Where can I find trade dates and amounts for the W filing?

The excerpt lists trade dates and gross proceeds for each sale, for example 03/10/2026 (5,000 shares, $375,600.00) and 04/23/2026 (113,863 shares, $8,823,241.15).