[144] RCM Technologies Inc SEC Filing

Rhea-AI Filing Summary

RCM Technologies (RCMT) submitted a Form 144 reporting a proposed sale of 260,856 shares of common stock through Baird on the NASDAQ with an aggregate market value of $6,850,000. The filing lists 7,410,510 shares outstanding, and the securities to be sold were acquired as restricted share vesting under equity compensation on 01/15/2021 (125,000), 01/03/2023 (125,000) and 01/16/2023 (50,000). The filer reports no sales in the past three months and includes the standard representation that they are not aware of undisclosed material adverse information.

Positive

• None.

Negative

• Proposed insider sale of 260,856 shares with an aggregate value of $6.85M may be viewed unfavorably by some investors

Insights

Securities Analyst

TL;DR: Insider proposes to sell 260,856 shares (reported $6.85M) acquired via equity compensation; filing is routine but notable for size.

The Form 144 documents a proposed brokered sale through Baird on NASDAQ of 260,856 shares representing a portion of holdings acquired via restricted share vesting across 2021 and 2023. The filing indicates no other sales in the prior three months and includes the required attestation regarding undisclosed material information. From a compliance and disclosure perspective, this is a standard Rule 144 notice enabling scheduled disposition of restricted stock under resale rules; it does not itself provide operational or financial performance details.

Corporate Governance Expert

TL;DR: Transaction is a regulatory notice for resale of vested equity; governance implications center on insider selling transparency.

The filing shows the securities were granted as equity compensation and are now being offered for sale, documented via a broker. The disclosure that there were no issuer sales in the prior three months and the signer’s attestation are consistent with Rule 144 protocol. For investors, the key governance signal is transparent reporting of an insider disposal; the document contains no information about management changes, litigation, or other governance events.

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

Relationship to Issuer

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
Common Stock, par value $0.05 per share	Baird 777 E. Wisconsin Avenue Milwaukee WI 53202	260856	6850000.00	7410510	08/26/2025	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 *
Common Stock, par value $0.05 per share	01/15/2021	restricted share vesting	RCM Technologies, Inc.			125000	01/15/2021	Equity Compensation
Common Stock, par value $0.05 per share	01/03/2023	restricted share vesting	RCM Technologies, Inc.			125000	01/03/2023	Equity Compensation
Common Stock, par value $0.05 per share	01/16/2023	restricted share vesting	RCM Technologies, Inc.			50000	01/16/2023	Equity Compensation

* 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

What does the Form 144 filed by RCM Technologies (RCMT) report?

The filer proposes to sell 260,856 shares of common stock through Baird on NASDAQ with an aggregate market value of $6,850,000.

How were the shares being sold by RCMT acquired?

All shares were acquired as restricted share vesting under equity compensation on 01/15/2021 (125,000), 01/03/2023 (125,000) and 01/16/2023 (50,000).

Did the filer report any other sales in the past three months?

No; the filing states "Nothing to Report" for securities sold during the past three months.

Through which broker will the RCMT shares be sold?

Baird (777 E. Wisconsin Avenue, Milwaukee WI) is named as the broker for the proposed sale.

What attestation does the filer provide on Form 144?

The filer represents they do not know any material adverse information regarding the issuer that has not been publicly disclosed.