RDW shareholder (RDW) plans 1,257,258-share sale after prior block trades
Rhea-AI Filing Summary
RDW has a notice of proposed sale covering 1,257,258 shares of common stock to be sold through Merrill Lynch at 555 California Street, San Francisco. The filing lists an aggregate market value of $12,748,596.12 for these shares and states that 165,150,783 shares of common stock were outstanding, with an approximate sale date of 01/14/2026 on the NYSE.
The shares to be sold were acquired in a private placement from the issuer on 12/29/2021, paid in cash on the same date. The notice also discloses substantial recent sales: for example, AE Red Holdings, LLC sold 1,197,622 common shares on 01/12/2026 for gross proceeds of $12,895,416.44, and Edge Autonomy Ultimate Holdings, LP sold 1,674,093 common shares on 01/12/2026 for $18,025,826.51.
Positive
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Negative
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Insights
Large shareholder plans additional RDW share sale following recent block disposals.
This notice details a planned sale of 1,257,258 RDW common shares, with an indicated aggregate market value of $12,748,596.12, to be executed through Merrill Lynch on the NYSE. The shares were originally acquired in a private placement from the issuer on 12/29/2021, fully paid in cash, which is typical for restricted or control stock later resold under Rule 144.
The disclosure also lists recent multi-day selling activity by AE Red Holdings, LLC and Edge Autonomy Ultimate Holdings, LP. Examples include AE Red Holdings, LLC selling 1,197,622 common shares on 01/12/2026 for gross proceeds of $12,895,416.44, and Edge Autonomy Ultimate Holdings, LP selling 1,674,093 common shares on the same date for $18,025,826.51. Actual market impact depends on trading volumes and future selling decisions; the filing mainly provides transparency into these potential and recent large share sales.
FAQ
What representation does the selling party make about RDW’s non-public information?
By signing the notice, the person for whose account the RDW 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.