RDW shareholder files Rule 144 notice to sell 1,033,116 common shares
Rhea-AI Filing Summary
A shareholder has filed a Rule 144 notice to sell 1,033,116 common shares through Merrill Lynch on the NYSE. These shares were originally acquired from the issuer in a private placement on 12/29/2021 for cash. The notice states that 165,150,783 common shares were outstanding at the time of filing.
The filing also lists recent sales by related holders over the past three months, including AE Red Holdings, LLC selling 776,556 common shares on 01/06/2026 for gross proceeds of $8,110,291.85, and Edge Autonomy Ultimate Holdings, LP selling 1,085,507 common shares on the same date for $11,336,952.61. The signer represents not knowing any undisclosed material adverse information about the issuer’s operations.
Positive
- None.
Negative
- None.
FAQ
What representations does the seller make in the RDW Rule 144 notice?
The person for whose account the securities are to be sold represents by signing that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed. The form also warns that intentional misstatements or omissions can constitute federal criminal violations.