Large holders plan NYSE share sales in issuer (NYSE: RDW) filing
Rhea-AI Filing Summary
The filing is a Form 144 notice for the proposed sale of 1,400,065 shares of common stock on the NYSE through Merrill Lynch, with an aggregate market value of 15,232,707.2. The issuer reports 165,150,783 shares of common stock outstanding at the time referenced.
The 1,400,065 shares were originally acquired on 09/02/2021 in a private placement from the issuer for cash. The document also lists recent sales over the past three months by AE Red Holdings, LLC and Edge Autonomy Ultimate Holdings, LP, detailing dates, share amounts, and gross proceeds for multiple transactions, showing significant ongoing sales of the same common stock class.
Positive
- None.
Negative
- None.
Insights
Form 144 discloses substantial proposed and recent sales by large holders of RDW common stock.
The notice states that 1,400,065 common shares with an aggregate market value of 15,232,707.2 are intended to be sold on the NYSE through Merrill Lynch. These shares were acquired in a 09/02/2021 private placement from the issuer for cash.
The filing also itemizes multiple sales during the prior three months by AE Red Holdings, LLC and Edge Autonomy Ultimate Holdings, LP, each with specific trade dates, share amounts, and gross proceeds. These entries indicate that sizable blocks of the issuer’s common stock have recently been sold, and that additional shares are now being noticed for potential sale under Rule 144.