RCM Technologies (NASDAQ: RCMT) CFO sells 5,385 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RCM Technologies CFO Kevin D. Miller reported two open-market sales of common stock under a pre-arranged Rule 10b5-1 trading plan. He sold 3,000 shares at $32.00 on April 17, 2026 and 2,385 shares at a weighted-average price of $32.02 on April 20, 2026. After these transactions, he directly holds 448,215 shares of RCM Technologies common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,385 shares ($172,368)
Net Sell
2 txns
Insider
MILLER KEVIN D
Role
CFO
Sold
5,385 shs ($172K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,385 | $32.02 | $76K |
| Sale | Common Stock | 3,000 | $32.00 | $96K |
Holdings After Transaction:
Common Stock — 448,215 shares (Direct, null)
Footnotes (1)
- Represents a nondiscretionary sale by a plan established by the Reporting Person on August 12, 2024, in a manner intended to satisfy the requirements of Rule 10b5-1. Represents the weighted average of a range of sale prices from $32.00 to $32.05. The reporting person undertakes to provide to the Staff of the 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
Total shares sold: 5,385 shares
First sale: 3,000 shares at $32.00
Second sale: 2,385 shares at $32.02
+3 more
6 metrics
Total shares sold
5,385 shares
Open-market sales on April 17 and 20, 2026
First sale
3,000 shares at $32.00
Open-market sale on April 17, 2026
Second sale
2,385 shares at $32.02
Weighted-average price on April 20, 2026
Post-transaction holdings
448,215 shares
Direct ownership after April 20, 2026 sale
Price range for weighted average
$32.00–$32.05
Range of sale prices on April 20, 2026
Trading plan adoption date
August 12, 2024
Rule 10b5-1 nondiscretionary plan establishment
Key Terms
Rule 10b5-1, weighted average, open-market sale, nondiscretionary sale
4 terms
Rule 10b5-1 regulatory
"in a manner 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.
weighted average financial
"Represents the weighted average of a range of sale prices from $32.00 to $32.05."
A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
nondiscretionary sale financial
"Represents a nondiscretionary sale by a plan established by the Reporting Person"
FAQ
What insider transaction did RCMT CFO Kevin D. Miller report?
RCM Technologies CFO Kevin D. Miller reported selling a total of 5,385 shares of common stock in two open-market transactions. These trades were executed under a pre-arranged Rule 10b5-1 trading plan, indicating they were scheduled in advance rather than discretionary.
Were the RCMT CFO’s stock sales made under a Rule 10b5-1 plan?
Yes. The filing notes that the sales represent a nondiscretionary sale by a plan established on August 12, 2024 intended to satisfy Rule 10b5-1. Such plans pre-schedule trades, reducing the significance of short-term market timing decisions.
What does the weighted-average price disclosure mean in the RCMT Form 4?
For the April 20, 2026 sale, the CFO reported a weighted-average price of $32.02, covering a range from $32.00 to $32.05. He undertook to provide full details of the number of shares sold at each separate price upon request to regulators or shareholders.