RiverNorth Flexible Municipal Income Fund (RFM) affiliate reports purchase of 175 common shares

Rhea-AI Filing Summary

RiverNorth Flexible Municipal Income Fund, Inc. (RFM) reported an insider transaction on a Form 4. An affiliate of the fund’s adviser purchased 175 shares of the fund’s common stock on 11/26/2025 at a price of $14.07 per share. Following this purchase, the reporting person beneficially owned 40,647 shares, held directly. This filing simply records the change in ownership and does not describe any change to the fund’s operations or strategy.

Insider Trade Summary

Net Buyer: 175 shares

Net Buy 1 txn

Insider RiverNorth Financial Holdings, LLC

Role Insider

Bought 175 shs ($2K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	175	$14.07	$2K

Holdings After Transaction: Common Stock — 40,647 shares (Direct)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 11/28/2025 - 12:40 PM Learn about SEC filing dates

FAQ

What insider transaction did RiverNorth Flexible Municipal Income Fund (RFM) report?

The fund reported that an affiliate of its adviser bought 175 shares of RFM common stock on 11/26/2025 in an open-market purchase.

At what price were the RFM shares purchased in this Form 4 filing?

The reported purchase price was $14.07 per share for the RFM common stock transaction on 11/26/2025.

How many RiverNorth Flexible Municipal Income Fund (RFM) shares does the reporting person now own?

After the reported transaction, the insider beneficially owned 40,647 shares of RFM common stock, held directly.

What is the relationship of the reporting person to RiverNorth Flexible Municipal Income Fund (RFM)?

The reporting person is identified as an affiliate of the adviser to RiverNorth Flexible Municipal Income Fund, Inc.

Does this Form 4 indicate multiple reporting persons for RFM?

No. The form is marked as filed by one reporting person, not by a group.

What type of security was involved in the RFM insider transaction?

The transaction involved common stock of RiverNorth Flexible Municipal Income Fund, Inc.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RiverNorth Financial Holdings, LLC

(Last) (First) (Middle)

360 S. ROSEMARY AVE

SUITE 1420

(Street)

WEST PALM BEACH FL 33401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RiverNorth Flexible Municipal Income Fund, Inc. [ RFM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Affiliate of the Adviser

3. Date of Earliest Transaction (Month/Day/Year)
11/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/26/2025	11/26/2025	P		175	A	$14.07	40,647	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Marc Collins	11/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.