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.
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FAQ
What does the RDW Form 144 filing disclose about planned share sales?
The notice states that a shareholder plans to sell 1,033,116 common shares of the issuer through Merrill Lynch on the NYSE. These shares were acquired in a 12/29/2021 private placement from the issuer and are now being registered for resale under Rule 144.
How and when were the RDW shares being sold under Rule 144 originally acquired?
The 1,033,116 common shares were acquired on 12/29/2021 in a private placement transaction directly from the issuer. The consideration for this purchase was paid in cash on the same date, according to the disclosure.
What information does the RDW filing provide about shares outstanding?
The disclosure reports that there were 165,150,783 common shares outstanding at the time of the notice. This figure provides a baseline for understanding the size of the planned Rule 144 sale relative to the total equity base.
Which broker and exchange are involved in the RDW Rule 144 share sale?
The filing identifies Merrill Lynch, located at 555 California Street, 18th Floor, San Francisco, CA 94104, as the broker handling the planned sale of the 1,033,116 common shares. The shares are listed for sale on the NYSE.
What recent RDW share sales are reported for the past 3 months?
The notice lists several recent sales. For example, AE Red Holdings, LLC sold 776,556 common shares on 01/06/2026 for gross proceeds of $8,110,291.85, and Edge Autonomy Ultimate Holdings, LP sold 1,085,507 common shares on 01/06/2026 for $11,336,952.61. Additional sales on 01/07/2026 are also disclosed.
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.