Issuer (NYSE: RDW) holder plans sale of 4,378,928 common shares
Rhea-AI Filing Summary
A holder has filed a notice to sell 4,378,928 shares of common stock through Merrill Lynch on the NYSE. The issuer reports 165,150,783 shares outstanding, giving a sense of the company’s current equity base. The shares to be sold were originally acquired on 12/29/2021 in a private placement directly from the issuer for cash.
The notice also lists recent sales over the prior three months by AE Red Holdings, LLC and Edge Autonomy Ultimate Holdings, LP, covering multiple transactions between 01/06/2026 and 01/14/2026 with stated gross proceeds for each trade. The seller represents that they are not aware of any undisclosed material adverse information about the issuer’s current or prospective operations and acknowledges that intentional misstatements would constitute a federal criminal violation.
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FAQ
How many RDW shares are planned to be sold under this notice?
The notice covers a planned sale of 4,378,928 shares of common stock, to be executed through Merrill Lynch on the NYSE.
How many RDW shares are currently outstanding according to this notice?
The issuer reports that 165,150,783 shares of common stock are outstanding at the time referenced in the notice.
When and how were the RDW shares being sold originally acquired?
The 4,378,928 shares to be sold were acquired on 12/29/2021 in a private placement from the issuer, with the purchase price paid in cash on the same date.
What recent RDW share sales by related holders are disclosed?
The notice lists multiple recent sales of common stock between 01/06/2026 and 01/14/2026 by AE Red Holdings, LLC and Edge Autonomy Ultimate Holdings, LP, each with specified share amounts and gross proceeds.
Which broker and exchange are involved in the planned RDW share sale?
The planned sale of 4,378,928 common shares is to be handled by Merrill Lynch, with trading on the NYSE.
What representations does the seller make about RDW in this notice?
The seller represents that they do not know of any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed and acknowledges that intentional misstatements or omissions would be a federal criminal violation.