Rainmaker (RAKR) CEO gifts 4.3M shares, retains 10.6M stake
Rhea-AI Filing Summary
Rainmaker Worldwide Inc. CEO, director and 10% owner Michael John O'Connor reported a change in his holdings of common stock. On 01/12/2026, he made a transaction coded “G,” which the filing describes as a bona fide gift with no consideration, involving 4,300,000 shares of common stock at a reported price of $0 per share. Following this gift, he directly beneficially owned 10,607,102 shares of Rainmaker Worldwide common stock.
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FAQ
What insider transaction did Rainmaker Worldwide (RAKR) report?
The filing reports that CEO, director and 10% owner Michael John O'Connor made a transaction coded “G,” which is identified in the remarks as a bona fide gift with no consideration involving Rainmaker Worldwide common stock.
How many Rainmaker Worldwide (RAKR) shares were gifted in this Form 4?
Michael John O'Connor reported a bona fide gift of 4,300,000 shares of Rainmaker Worldwide common stock in the transaction dated 01/12/2026.
What was the reported price for the Rainmaker Worldwide (RAKR) share gift?
The 4,300,000 Rainmaker Worldwide common shares were reported at a transaction price of $0 per share, consistent with the filing’s description of a bona fide gift with no consideration.
How many Rainmaker Worldwide (RAKR) shares does Michael John O'Connor own after the gift?
After the reported gift transaction, Michael John O'Connor beneficially owned 10,607,102 shares of Rainmaker Worldwide common stock in direct ownership.
What roles does Michael John O'Connor hold at Rainmaker Worldwide (RAKR)?
According to the filing, Michael John O'Connor is a director, a 10% owner, and an officer of Rainmaker Worldwide Inc., serving as CEO.
Was this Rainmaker Worldwide (RAKR) insider transaction part of a derivative security?
No derivative securities are listed in Table II of the filing. The reported transaction involves non-derivative common stock only.