Ridgepost Capital (RPC) director acquires 70,000 Class A shares in open market
Rhea-AI Filing Summary
Ridgepost Capital, Inc. director David M. McCoy reported an open-market purchase of 70,000 shares of Class A Common Stock. The shares were bought at a weighted average price of $7.37 per share in multiple transactions between $7.275 and $7.42. Following this transaction, he directly owns 270,068 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 70,000 shares
Net Buy
1 txn
Insider
McCoy David M.
Role
Director
Bought
70,000 shs ($516K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 70,000 | $7.37 | $516K |
Holdings After Transaction:
Class A Common Stock — 270,068 shares (Direct)
Footnotes (1)
- F1. This price reflects the weighted average purchase price for the shares, which were purchased in multiple transactions at prices that ranged from $7.275 to $7.42. Upon request of the SEC staff, the issuer, or a security holder of the issuer, the reporting person will provide information regarding the number of shares acquired at each separate price.
FAQ
What insider transaction did Ridgepost Capital (RPC) disclose in this Form 4?
Ridgepost Capital disclosed that director David M. McCoy bought 70,000 Class A Common Stock shares in the open market. These purchases were reported as a single weighted-average transaction at $7.37 per share, based on multiple trades within a specified price range.
Was the Ridgepost Capital (RPC) insider transaction an open-market buy or another type?
The insider transaction was an open-market purchase of Ridgepost Capital shares. The Form 4 uses transaction code “P,” described as a purchase in an open market or private transaction, indicating a direct buy rather than an option exercise or non-market transfer.
Does the Ridgepost Capital (RPC) Form 4 mention multiple trade prices for the insider buy?
Yes. The filing explains the $7.37 figure is a weighted average of multiple trades. These trades occurred at prices ranging from $7.275 to $7.42, and the insider offers to provide exact share counts at each price level upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.