RCM Technologies exec sells 5,000 shares at $30
RCM Technologies, Inc. Division President, HC Srvs., Michael Saks reported open-market sales of company common stock.
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Form Type
4
Rhea-AI Filing Summary
RCM Technologies, Inc. Division President, HC Srvs., Michael Saks reported open-market sales of company common stock. He sold a total of 5,000 shares at $30.00 per share in transactions on April 15–16, 2026. Following these sales, he directly owns 104,814 shares of common stock, which include 267 shares purchased through the company’s Employee Stock Purchase Plan. The filing notes that the sales were made under a nondiscretionary Rule 10b5-1 trading plan established on December 6, 2024.
Insider Trade Summary 10b5-1
Net Seller: 5,000 shares
Net Sell
2 txns
Insider
Saks Michael
Role
Division President, HC Srvs.
Sold
5,000 shs ($150K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,864 | $30.00 | $146K |
| Sale | Common Stock | 136 | $30.00 | $4K |
Holdings After Transaction:
Common Stock — 104,814 shares (Direct)
Footnotes (2)
- F1. Includes 267 shares purchased pursuant to the Issuer's Employee Stock Purchase Plan since the reporting person's most recent filing under Section 16.
- F2. 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.
Key Figures
Shares sold: 5,000 shares
Sale price: $30.00 per share
Shares after transaction: 104,814 shares
+2 more
5 metrics
Shares sold
5,000 shares
Total open-market sales on April 15–16, 2026
Sale price
$30.00 per share
Price for each reported common stock sale
Shares after transaction
104,814 shares
Direct common stock ownership after April 2026 sales
ESPP shares included
267 shares
Purchased via Employee Stock Purchase Plan since prior filing
Net share change
-5,000 shares
Net selling activity in this Form 4
Key Terms
Rule 10b5-1, Employee Stock Purchase Plan, open-market sale, Section 16
4 terms
Rule 10b5-1 regulatory
"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.
Employee Stock Purchase Plan financial
"Includes 267 shares 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.
open-market sale financial
"transaction_action: "open-market sale" for the common stock transactions"
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.
Section 16 regulatory
"since the reporting person's most recent filing under Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did RCMT executive Michael Saks report?
Michael Saks reported selling 5,000 shares of RCM Technologies common stock. The sales occurred in open-market transactions at $30.00 per share on April 15–16, 2026, as disclosed in a Form 4 insider trading report filed for RCM Technologies, Inc. (RCMT).
Were Michael Saks’ RCMT stock sales made under a Rule 10b5-1 plan?
Yes. The Form 4 states the RCMT sales were made by a nondiscretionary plan. That plan was established by Michael Saks on December 6, 2024 in a manner intended to satisfy the requirements of Rule 10b5-1 for pre-arranged trading activity.
What is Michael Saks’ role at RCM Technologies, Inc. (RCMT)?
Michael Saks serves as Division President, HC Services at RCM Technologies, Inc. The Form 4 identifies him as an officer rather than a director or 10% owner, and it reports his open-market sales and resulting direct ownership of RCMT common stock.
Does the Form 4 mention RCM Technologies’ Employee Stock Purchase Plan?
Yes. A footnote explains that Saks’ reported holdings include 267 RCMT shares. These were purchased through RCM Technologies’ Employee Stock Purchase Plan since his most recent Section 16 filing, and are part of his 104,814 directly owned shares after the April 2026 sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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