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RCMT Form 4: Michael Saks disposes 5,000 shares via 10b5-1 plan

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Michael Saks, Division President, Healthcare Services at RCM Technologies, reported a sale of 5,000 shares of RCM Technologies common stock on 08/26/2025 at a reported price of $27.50 per share. After the transaction, the filing shows the reporting person beneficially owns 109,547 shares. The filing also notes 393 shares were acquired under the issuer's Employee Stock Purchase Plan since the most recent Section 16 filing.

The sale is reported as a nondiscretionary transaction executed under a plan established to satisfy Rule 10b5-1 requirements, indicating the disposition followed a prearranged plan rather than an ad hoc decision. The Form 4 lists the reporting person as an officer of the company and is filed by one reporting person.

Positive

  • None.

Negative

  • Officer sold 5,000 shares of company stock, a reported disposition at $27.50 per share
  • Reduction in insider-held shares (beneficial ownership reported as 109,547 shares after the transaction)

Insights

TL;DR: Officer sold 5,000 shares under a 10b5-1 plan; remaining reported beneficial ownership is 109,547 shares.

The reported sale of 5,000 shares at $27.50 is a clear, single-line insider disposition recorded on 08/26/2025. Because the sale is executed under a Rule 10b5-1 plan, it was likely prearranged and nondiscretionary, reducing the likelihood that it reflects a contemporaneous view of company fundamentals. The filing also discloses 393 shares added via the ESPP since the last Section 16 filing, which marginally increased the reporting person's holdings. Overall, this transaction is routine in nature and represents an officer-level liquidity event rather than a corporate operational update.

TL;DR: Transaction follows a pre-established 10b5-1 plan, consistent with standard insider trading compliance practices.

The Form 4 identifies the seller as an officer and explicitly states the sale was made pursuant to a plan intended to meet Rule 10b5-1 affirmative defense conditions. That disclosure addresses governance and compliance considerations by documenting that the disposition was nondiscretionary and part of a scheduled plan established on December 6, 2024. The filing does not indicate any derivative transactions or changes in indirect ownership; beneficial ownership remains disclosed as 109,547 shares, and the report is filed by a single reporting person.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Saks Michael

(Last) (First) (Middle)
C/O RCM TECHNOLOGIES, INC.
2500 MCCLELLAN AVENUE, SUITE 350

(Street)
PENNSAUKEN NJ 08109

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
RCM TECHNOLOGIES, INC. [ RCMT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Division President, HC Srvs.
3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/26/2025 S 5,000 D $27.5(2) 109,547(1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Includes 393 shares purchased pursuant to the Issuer's Employee Stock Purchase Plan since the reporting person's most recent filing under Section 16.
2. 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.
/s/ Michael Saks by Kevin D. Miller PoA 08/28/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Michael Saks report on the Form 4 for RCMT?

The Form 4 reports a sale of 5,000 shares of RCM Technologies common stock on 08/26/2025 at a price of $27.50 per share.

Was the sale by the reporting person discretionary or under a prearranged plan?

The sale is reported as a nondiscretionary transaction executed under a plan established to satisfy Rule 10b5-1 (plan established December 6, 2024).

How many shares does the reporting person beneficially own after the transaction?

The Form 4 indicates the reporting person beneficially owns 109,547 shares following the reported transaction.

Did the filing disclose any purchases since the last Section 16 filing?

Yes. The filing notes 393 shares were purchased pursuant to the issuer's Employee Stock Purchase Plan since the reporting person's most recent Section 16 filing.

What is Michael Saks' role at RCM Technologies as listed on the Form 4?

The Form 4 lists the reporting person as an Officer, specifically Division President, HC Srvs.
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