Director at Rain Enhancement Technologies (RAIN) receives 80,000-share grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Steele Alexandra reported acquisition or exercise transactions in this Form 4 filing.
Rain Enhancement Technologies Holdco, Inc. director Alexandra Steele received a grant of 80,000 shares of Class A Common Stock. The shares were awarded for no cash consideration, and a footnote states the stock’s closing price on the grant date was $2.20 per share. Following the grant, Steele directly holds 80,000 shares, reflecting a compensation-related award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Steele Alexandra
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 80,000 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 80,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 80,000 shares
Price per share (closing): $2.20
Total shares after transaction: 80,000 shares
+1 more
4 metrics
Shares granted
80,000 shares
Class A Common Stock grant to director on June 5, 2026
Price per share (closing)
$2.20
Closing price on grant date referenced in footnote
Total shares after transaction
80,000 shares
Direct holdings following the grant
Cash consideration
$0.00
Shares granted for no cash consideration per footnote
Key Terms
Class A Common Stock, Grant, award, or other acquisition, no cash consideration
3 terms
Class A Common Stock financial
"The shares of Class A Common stock were granted for no cash consideration."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
no cash consideration financial
"The shares of Class A Common stock were granted for no cash consideration."
FAQ
What did Alexandra Steele report in this Rain (RAIN) Form 4 filing?
Alexandra Steele reported receiving a grant of 80,000 shares of Rain’s Class A Common Stock. These shares were awarded as compensation, not bought in the market, and were issued for no cash consideration according to the filing and accompanying footnote.
What stock price is referenced for Alexandra Steele’s Rain (RAIN) stock grant?
The filing’s footnote states the closing price of Rain’s Class A Common Stock on the grant date was $2.20 per share. This price provides a market reference for the value of the 80,000-share award at the time it was granted.
Does Alexandra Steele’s Form 4 for Rain (RAIN) show any stock sales?
The Form 4 shows no stock sales by Alexandra Steele. It reports only an acquisition coded as a grant or award of 80,000 Class A Common shares, with no accompanying dispositions, sales, gifts, or tax-withholding transactions disclosed in the filing.
Is Alexandra Steele’s Rain (RAIN) transaction an open-market buy or a compensation grant?
The transaction is a compensation grant, not an open-market buy. It is coded as a grant, award, or other acquisition, and the footnote explains the 80,000 Class A shares were granted for no cash consideration rather than being purchased on the open market.