RiverNorth Flexible Municipal Income Fund II (NYSE: RFMZ) reports 8,177-share insider purchase

Rhea-AI Filing Summary

RiverNorth Flexible Municipal Income Fund II, Inc. reported an insider purchase by an affiliate of its adviser. On 12/02/2025, the reporting person bought 8,177 shares of common stock at $12.6667 per share, as shown in Table I. After this transaction, the reporting person beneficially owned 8,177 common shares in direct ownership.

Insider Trade Summary

Net Buyer: 8,177 shares

Net Buy 1 txn

Insider RiverNorth Financial Holdings, LLC

Role Insider

Bought 8,177 shs ($104K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	8,177	$12.6667	$104K

Holdings After Transaction: Common Stock — 8,177 shares (Direct)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/03/2025 - 05:14 PM Learn about SEC filing dates

FAQ

What insider transaction did RFMZ report in this Form 4?

The filing reports that an affiliate of the adviser to RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) purchased 8,177 shares of common stock.

On what date did the RFMZ insider purchase occur?

The earliest transaction date disclosed is 12/02/2025, which is when the common stock purchase took place.

What price was paid per share in the RFMZ insider trade?

The reporting person bought the common stock at a price of $12.6667 per share, according to Table I of the filing.

How many RFMZ shares does the reporting person own after this transaction?

Following the reported transaction, the reporting person beneficially owned 8,177 shares of RFMZ common stock.

What is the relationship of the reporting person to RFMZ?

The filing identifies the reporting person as an affiliate of the adviser to RiverNorth Flexible Municipal Income Fund II, Inc.

Is the RFMZ insider ownership direct or indirect?

The Form 4 indicates the ownership form is Direct (D) for the 8,177 common shares held after the transaction.

Does this RFMZ Form 4 report any derivative securities?

Table II for derivative securities is present but does not list any specific derivative transactions or holdings in the provided excerpt.

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 II, Inc. [ RFMZ ]

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)
12/02/2025

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	12/02/2025	12/02/2025	P		8,177	A	$12.6667	8,177	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	12/03/2025
	** 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.