RCM Technologies exec sells 11,792 shares in plan
RCM Technologies executive Michael Saks, Division President, HC Services, reported mixed equity activity in RCMT common stock.
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Form Type
4
Rhea-AI Filing Summary
RCM Technologies executive Michael Saks, Division President, HC Services, reported mixed equity activity in RCMT common stock. On August 13, 2026 he acquired 4,000 time-based restricted stock units and 2,904 shares from vesting of performance stock units, all as employment compensation. On August 14, 2026 a Rule 10b5-1 trading plan executed nondiscretionary sales of 6,792 shares at a weighted average price of about $32.50 within a $32.50–$32.75 range and 5,000 shares at $35.00 per share.
Insider Trade Summary 10b5-1
Net Seller: 11,792 shares
Net Sell
4 txns
Insider
Saks Michael
Role
Division President, HC Srvs.
Sold
11,792 shs ($396K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F5, F6 | 6,792 | $32.50 | $221K |
| Sale | Common Stock F5 | 5,000 | $35.00 | $175K |
| Grant/Award | Common Stock F1, F2, F3 | 4,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock F4, F2 | 2,904 | -- | -- |
Holdings After Transaction:
Common Stock — 99,307 shares (Direct)
Footnotes (6)
- F1. Represent time-based restricted stock units granted to the reporting person in August 2026 and reported in a Current Report on Form 8-K filed by the issuer in August 2026.
- F2. Received as employment compensation.
- F3. Includes 589 shares purchased pursuant to the Issuer's Employee Stock Purchase Plan since the reporting person's most recent filling under Section 16. Also, the amount shown in Table I, Column 5 as the "Amount of Securities Beneficially Owned Following Reported Transaction(s)" in the Reporting person's Form 4 filed on May 6, 2026 inadvertently omitted 14,339 shares relating to time-vested restricted stock units that were previously reported by the reporting person. Those 14,339 shares have been reflected here.
- F4. Represent shares acquired by the reporting person upon the vesting of performance stock units granted to the reporting person in May 2025 and previously reported in a Current Report on Form 8-K filed by the issuer in May 2025.
- F5. Represents a nondiscretionary sale by a plan established by the Reporting Person on December 6, 2024 in a manner intended to satisfy the requirements of Rule 10b5-1.
- F6. Represents the weighted average of a range of sale prices from $32.50 to $32.75. The reporting person undertakes to provide the Staff of Securities and Exchange Commission, the Company or any stockholder of the Company, upon request, full information regarding the number of shares sold at each separate price.
Key Figures
Shares sold (first transaction): 6,792 shares
Sale price range (first transaction): $32.50 to $32.75 per share
Sale price (second transaction): $35.00 per share
+5 more
8 metrics
Shares sold (first transaction)
6,792 shares
Common Stock sale on 2026-08-14 under Rule 10b5-1 plan
Sale price range (first transaction)
$32.50 to $32.75 per share
Weighted-average sale price range for 6,792-share sale
Sale price (second transaction)
$35.00 per share
Price for 5,000-share Common Stock sale on 2026-08-14
Shares sold (second transaction)
5,000 shares
Common Stock sale on 2026-08-14 under Rule 10b5-1 plan
Time-based RSUs granted
4,000 units
Restricted stock units granted in August 2026 as employment compensation
Shares from PSU vesting
2,904 shares
Shares acquired upon vesting of performance stock units granted in May 2025
ESPP purchases since last filing
589 shares
Purchased under Employee Stock Purchase Plan since most recent Section 16 filing
Previously omitted RSU shares now reflected
14,339 shares
Time-vested restricted stock units omitted from May 6, 2026 Form 4 and now included
Key Terms
Rule 10b5-1, restricted stock units, performance stock units, Employee Stock Purchase Plan, +1 more
5 terms
Rule 10b5-1 regulatory
"intended to satisfy the requirements of Rule 10b5-1"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
restricted stock units financial
"Represent time-based restricted stock units granted to the reporting person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance stock units financial
"upon the vesting of performance stock units granted to the reporting person"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Employee Stock Purchase Plan financial
"purchased pursuant to the Issuer's Employee Stock Purchase Plan"
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.
beneficially owned financial
"Amount of Securities Beneficially Owned Following Reported Transaction(s)"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What RCMT stock sales did Michael Saks report on this Form 4?
Michael Saks reported selling 6,792 RCMT common shares at a weighted average price around $32.50 and 5,000 shares at $35.00 on August 14, 2026. Both transactions were coded as open-market or private sales.
Were Michael Saks’ RCMT stock sales under a Rule 10b5-1 trading plan?
Yes. The filing states the sales represent a nondiscretionary sale by a plan Saks established on December 6, 2024 in a manner intended to satisfy Rule 10b5-1, indicating they were executed pursuant to a pre-arranged trading plan.
What RCMT equity awards did Michael Saks receive in August 2026?
On August 13, 2026, Saks received 4,000 time-based restricted stock units and 2,904 shares upon vesting of prior performance stock units. The filing notes these were employment compensation, previously disclosed in earlier company Form 8-K reports.
What does the Form 4 say about Michael Saks’ prior RCMT holdings disclosure?
A footnote explains a prior Form 4 omitted 14,339 time-vested restricted stock unit shares and notes 589 shares purchased through the Employee Stock Purchase Plan since his last Section 16 filing. These amounts are now reflected in the reported beneficial ownership figures.
What is Michael Saks’ role at RCMT mentioned in this Form 4?
Michael Saks is identified as an officer of RCM Technologies, Inc., serving as Division President, HC Srvs. His status as an officer subjects his RCMT equity transactions to ongoing Section 16 reporting requirements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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