Large RDW (NYSE: RDW) holder files to sell 6.1M shares of common stock
Rhea-AI Filing Summary
A stockholder in RDW has filed a notice to sell up to 6,121,072 shares of common stock through Merrill Lynch on the NYSE. The planned sale has an indicated aggregate market value of $62,067,670.08, compared with 165,150,783 common shares outstanding. These shares were originally acquired in a private placement from the issuer on 12/29/2021, paid for in cash.
Over the past three months, related sellers have already completed multiple block sales of RDW common stock. For example, AE Red Holdings, LLC sold 1,197,622 shares across trades on 01/06/2026 and 01/07/2026 for gross proceeds of more than $11.7 million, and Edge Autonomy Ultimate Holdings, LP executed sizeable transactions on the same dates. The person for whose account the securities are to be sold represents that they are not aware of any undisclosed material adverse information about the issuer’s current or prospective operations.
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Insights
Large RDW holder files to sell 6.1M shares after prior block sales.
The content describes a planned sale of
The disclosure also lists recent block sales by AE Red Holdings, LLC and Edge Autonomy Ultimate Holdings, LP between
FAQ
What does the RDW Form 144 filing disclose about planned share sales?
The notice states that a holder of RDW common stock plans to sell up to 6,121,072 shares through Merrill Lynch on the NYSE, with an indicated aggregate market value of $62,067,670.08.
How many RDW shares are outstanding compared to the planned Form 144 sale?
The content reports that 165,150,783 RDW common shares were outstanding, while the Form 144 covers a potential sale of 6,121,072 shares from a single holder.
How and when were the RDW shares in the Form 144 originally acquired?
The shares covered by the notice were acquired as RDW common stock in a private placement from the issuer on 12/29/2021, with cash as the form of payment.
Which broker and exchange are involved in the planned RDW share sale?
The planned sale lists Merrill Lynch, located at 555 California Street, San Francisco, as the broker, and names the NYSE as the securities exchange.
What recent RDW stock sales are reported for AE Red Holdings, LLC?
AE Red Holdings, LLC sold RDW common stock on several dates in
What RDW stock sales are reported for Edge Autonomy Ultimate Holdings, LP?
Edge Autonomy Ultimate Holdings, LP sold RDW common stock on multiple days in
What representation does the RDW Form 144 seller make about non-public information?
The person for whose account the securities are to be sold represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.