RCM Technologies (RCMT) CFO sells 4,415 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RCM Technologies, Inc. Chief Financial Officer Kevin D. Miller reported two open-market sales of company common stock under a nondiscretionary Rule 10b5-1 trading plan. He sold 1,483 shares at $32.00 on April 22, 2026 and 2,932 shares at $32.04 on April 24, 2026.
Across both transactions, Miller sold a total of 4,415 shares and continues to hold 443,800 shares of RCM Technologies common stock directly after these sales.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,415 shares ($141,397)
Net Sell
2 txns
Insider
MILLER KEVIN D
Role
CFO
Sold
4,415 shs ($141K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,932 | $32.04 | $94K |
| Sale | Common Stock | 1,483 | $32.00 | $47K |
Holdings After Transaction:
Common Stock — 443,800 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 $32.14. 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
Shares sold April 22, 2026: 1,483 shares at $32.00
Shares sold April 24, 2026: 2,932 shares at $32.04
Total shares sold: 4,415 shares
+1 more
4 metrics
Shares sold April 22, 2026
1,483 shares at $32.00
Open-market sale of common stock
Shares sold April 24, 2026
2,932 shares at $32.04
Open-market sale under Rule 10b5-1 plan
Total shares sold
4,415 shares
Combined April 22 and April 24, 2026 transactions
Shares owned after transactions
443,800 shares
Direct ownership following April 2026 sales
Key Terms
Rule 10b5-1, weighted average, open-market sale, Form 4
4 terms
Rule 10b5-1 regulatory
"nondiscretionary sale by a plan established by the Reporting Person ... 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 $32.14."
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 for each common stock transaction reported"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) describing transactions by the RCM Technologies CFO"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transactions did RCMT’s CFO report in this Form 4?
RCM Technologies CFO Kevin D. Miller reported two open-market sales of common stock. He sold 1,483 shares at $32.00 on April 22, 2026 and 2,932 shares at $32.04 on April 24, 2026, for a combined total of 4,415 shares.
Were the RCMT insider stock sales made under a Rule 10b5-1 trading plan?
Yes. The filing states the April 24, 2026 sale represents a nondiscretionary transaction under a plan established on August 12, 2024, intended to satisfy Rule 10b5-1 requirements, indicating the sale was pre-arranged rather than timed at the CFO’s discretion.
What does the weighted average price disclosure mean in the RCMT Form 4?
The Form 4 explains that one transaction’s reported price reflects a weighted average between $32.00 and $32.14. The CFO undertakes to provide full details of the number of shares sold at each individual price level to the SEC, the company, or stockholders upon request.