Large RDW Rule 144 holders detail major common stock sales
Rhea-AI Filing Summary
Holders of common stock have filed a Rule 144 notice to sell 1,957,077 shares, with an aggregate market value of $21,292,997.76, through Merrill Lynch on the NYSE around February 3, 2026. These shares were acquired in a cash private placement from the issuer on June 13, 2025.
The notice also lists extensive recent share sales over the past three months by AE Red Holdings, LLC and Edge Autonomy Ultimate Holdings, LP, each executing multiple large common stock transactions in January and early February 2026, with individual days generating gross proceeds in the tens of millions of dollars.
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Insights
Large Rule 144 resale plans and recent sizable stock sales are disclosed.
The filing shows plans to sell 1,957,077 common shares with an aggregate market value of about 21,292,997.76. These shares came from a private placement on June 13, 2025, so the planned transactions represent secondary market activity by existing holders.
In addition, AE Red Holdings, LLC and Edge Autonomy Ultimate Holdings, LP have already completed numerous common stock sales in January 2026 and early February 2026, with several trading days each producing gross proceeds above $10 million. The overall impact depends on how the market absorbs this level of selling and any future disclosures about remaining holdings.