Ridgepost Capital (RPC) director acquires 70,000 Class A shares in open market
Filing Impact
Filing Sentiment
Form Type
4
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 ($515,900)
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)
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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.