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Michael Saks sells RCMT shares under Rule 144 (NASDAQ: RCMT) via MS Smith Barney

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Michael Saks submitted a Form 144 notice reporting proposed and recent sales of Common Stock in RCMT. The filing lists proposed sales from Employee Stock Purchase Plans of 865 and 343 shares and two recent dispositions: 4,864 shares sold on 04/16/2026 for $145,920 and 136 shares sold on 04/15/2026 for $4,080.

The broker/dealer of record is Morgan Stanley Smith Barney LLC. The filing records the sales and gives basic transaction amounts and dates; it does not include additional narrative or conditions.

Positive

  • None.

Negative

  • None.

Insights

Routine Rule 144 notice documenting small insider disposals and planned ESPP sales.

The Form 144 lists two recent open-market dispositions totaling 5,000 shares (4,864 and 136) and two ESPP-origin shares proposed for sale (865 and 343). The filing identifies Morgan Stanley Smith Barney LLC as broker/dealer.

These transactions are administrative disclosures of shareholder sales; cash proceeds are $145,920 and $4,080 for the two recent trades. Timing, method beyond the listed dates, and any holding-period qualifiers are not provided in the excerpt.

Recent sale - 04/16/2026 4,864 shares sold on <date>04/16/2026</date>
Proceeds - 04/16/2026 sale $145,920 proceeds for 4,864-share sale
Recent sale - 04/15/2026 136 shares sold on <date>04/15/2026</date>
Proceeds - 04/15/2026 sale $4,080 proceeds for 136-share sale
ESPP shares proposed 865 shares Employee Stock Purchase Plan, dated <date>06/28/2013</date>
ESPP shares proposed 343 shares Employee Stock Purchase Plan, dated <date>07/01/2016</date>
Rule 144 regulatory
"Form 144 notice reporting proposed and recent sales"
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.
Employee Stock Purchase Plan financial
"Employee Stock Purchase Plan | ISSUER | 865 | 06/28/2013"
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.
Broker/Dealer market
"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What did the Form 144 for RCMT report?

It reports proposed and recent sales of RCMT common stock by Michael Saks. The filing lists planned ESPP-derived sales of 865 and 343 shares and recent sales of 4,864 and 136 shares on 04/16/2026 and 04/15/2026 respectively.

How many shares did Michael Saks recently sell according to the filing?

The filing shows two recent dispositions totaling 5,000 shares. Specifically, 4,864 shares sold on 04/16/2026 and 136 shares sold on 04/15/2026, with proceeds listed for each trade.

What proceeds are disclosed for the recent sales in the Form 144?

Proceeds shown are $145,920 for the 4,864-share sale and $4,080 for the 136-share sale. The excerpt provides these dollar amounts tied to the specific trade dates.

Who is the broker/dealer listed on the Form 144?

The broker/dealer of record is Morgan Stanley Smith Barney LLC. That firm and address appear on the filing as the executing broker for the transactions shown.

Does the filing indicate whether proceeds go to the issuer or selling holder?

The excerpt attributes the sales to an individual seller, Michael Saks, implying proceeds are from selling holders. The filing does not state any issuer receipt of proceeds in the provided text.