RCM Technologies (RCMT) officer to sell 10,000 shares
Rhea-AI Filing Summary
RCM Technologies, Inc. (RCMT) officer Michael Saks filed a notice to sell up to 10,000 shares of common stock through Morgan Stanley Smith Barney, with an aggregate market value of $410,709.12 and 7,110,759 shares outstanding as of August 18, 2026. Saks previously sold 11,792 shares for $395,753.58 on August 14, 2026.
Positive
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Negative
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Key Figures
Planned shares to be sold: 10,000 shares
Aggregate market value of planned sale: $410,709.12
Shares outstanding: 7,110,759 shares
+4 more
7 metrics
Planned shares to be sold
10,000 shares
Common stock to be sold under Rule 144
Aggregate market value of planned sale
$410,709.12
Total market value of 10,000 shares planned for sale
Shares outstanding
7,110,759 shares
Common shares outstanding as of August 18, 2026
Recent shares sold
11,792 shares
Shares of common stock sold on August 14, 2026
Proceeds from recent sale
$395,753.58
Aggregate proceeds from 11,792 shares sold on August 14, 2026
Restricted stock from 12/11/2017
1,910 shares
Common stock acquired as Restricted Stock on December 11, 2017
Employee Stock Purchase Plan 06/28/2024
628 shares
Common stock acquired via ESPP on June 28, 2024
Key Terms
Rule 144, Restricted Stock, Employee Stock Purchase Plan
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock financial
"Common | 12/11/2017 | Restricted Stock | Issuer"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Employee Stock Purchase Plan financial
"Common | 12/29/2023 | Employee Stock Purchase Plan | Issuer"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
What does the Form 144 filing disclose for RCMT and Michael Saks?
The filing shows officer Michael Saks plans to sell up to 10,000 RCMT shares under Rule 144. It also notes a prior sale of 11,792 shares for $395,753.58 on August 14, 2026.
What types of RCMT securities has Michael Saks acquired previously?
Michael Saks holds RCMT common stock acquired via Restricted Stock and an Employee Stock Purchase Plan. The table lists multiple grants and purchases from 2017 through 2025, all issued by RCM Technologies.
AI-generated analysis. How Rhea-AI works. Not financial advice.