Raytech insider files to offload nearly 6M shares under Rule 144

Rhea-AI Filing Summary

Raytech Holding Ltd. (RAY) – Form 144 notice

An unidentified insider plans to dispose of up to 5,957,725 ordinary shares through Everbright Securities Investment Services (HK) Ltd. on Nasdaq around 30 Jul 2025. The block equals roughly 13.7 % of the 43,598,083 shares outstanding and carries an aggregate market value of US$15.6 million. The shares were originally issued for cash on 24 Jun 2022. The filer reports no other sales in the past three months and certifies that no non-public adverse information is known. No operational or earnings data accompanies the filing; the document solely signals a potential supply overhang for RAY shares.

Positive

• None.

Negative

• Large planned sale equals ~13.7 % of outstanding shares, posing potential supply overhang and downward price pressure.
• Seller identity not disclosed, limiting transparency for shareholders.

Insights

Financial Analyst

TL;DR: Planned sale of ~14 % of float may pressure share price; no dilution but sizeable overhang.

The Form 144 signals that a major holder intends to sell nearly 6 million RAY shares, about 13.7 % of shares outstanding. Although the shares are already issued (no dilution), disposing such a large block can weigh on market sentiment and liquidity, particularly if RAY’s average daily volume is modest. Absence of seller identity and pricing details limits insight into motivation, but timing suggests the holder is clearing a 3-year lock-up from the 2022 issuance. With no concurrent positive catalysts disclosed, I view the filing as moderately negative for short-term trading.

Corporate Governance Expert

TL;DR: Transparent Rule 144 filing, yet scale and anonymity raise governance & overhang concerns.

The notice fulfills SEC Rule 144 disclosure, demonstrating procedural compliance. However, the filer omits the beneficial owner’s name, reducing accountability for a sale that could materially affect free float. Investors should monitor subsequent Form 4s or Schedule 13D/G updates to identify the seller and assess insider disposition trends. The lack of recent sales history suggests this is the first significant exit attempt since the 2022 share issuance. Potential price impact hinges on execution strategy and market depth.

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

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
Ordinary Share	Everbright Securities Investment Services (HK) Limited 33/F, Everbright Centre, 108 Gloucester Road, Wan Chai K3 00000	5957725	15609239.50	43598083	07/30/2025	Nasdaq

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 *
Ordinary Share	06/24/2022	Share Issuance	Raytech Holding Limited			12800000	06/24/2022	Cash

* 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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

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

How many RAY shares are proposed for sale under this Form 144?

5,957,725 ordinary shares are slated for sale.

What percentage of Raytech Holding’s outstanding shares does the block represent?

The proposed sale equals roughly 13.7 % of the 43,598,083 shares outstanding.

When is the approximate sale date for the RAY shares?

The filer lists an approximate sale date of 30 July 2025.

What is the aggregate market value of the shares to be sold?

The filing cites an aggregate market value of US$15,609,239.50.

Were there any other insider sales of RAY shares in the past three months?

No. The filer reported "Nothing to Report" for the prior three-month period.

How were the shares originally acquired?

They were issued on 24 Jun 2022 to the seller for cash via share issuance.