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RM insider-related Form 144 details 234-share planned stock sale

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

RM received a notice of proposed sale of restricted or control securities under Rule 144. Basswood Financial Fund, Ltd. plans to sell 234 shares of RM common stock, par value $0.10, through J.P. Morgan Securities LLC on the NYSE, with an aggregate market value of $8,629.92. The filing notes that 9,712,805 shares of RM common stock were outstanding at the time referenced.

The seller originally acquired 6,278 shares of RM common stock on 03/24/2014 in open‑market transactions and/or transfers from affiliates for cash. Over the past three months, Basswood Financial Fund, Ltd. has already sold 203 shares of RM common stock, generating gross proceeds of $7,411. The signer represents that they are not aware of any undisclosed material adverse information about RM’s current or prospective operations.

Positive

  • None.

Negative

  • None.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does RM's latest Form 144 filing disclose?

The Form 144 filing discloses that Basswood Financial Fund, Ltd. intends to sell 234 shares of RM common stock on the NYSE through J.P. Morgan Securities LLC, with an aggregate market value of $8,629.92.

How many RM shares has the seller sold in the last 3 months?

Over the past three months, Basswood Financial Fund, Ltd. has sold 203 shares of RM common stock, generating $7,411 in gross proceeds.

How many RM common shares are outstanding in this Form 144?

The notice states that there were 9,712,805 shares of RM common stock outstanding at the time referenced in the filing.

When and how did the seller acquire the RM shares listed in the Form 144?

The filing states that 6,278 shares of RM common stock were acquired on 03/24/2014 via open market and/or transfers from affiliates, with payment made in cash.

Which broker is handling the planned sale of RM shares?

The planned sale of 234 RM common shares is to be executed through J.P. Morgan Securities LLC, located at 270 Park Avenue, New York, NY 10017.

On which exchange will the RM shares in this Form 144 be sold?

The Form 144 indicates that the 234 shares of RM common stock are expected to be sold on the NYSE.

What representation does the seller make about RM's information in the Form 144?

The person for whose account the securities are to be sold represents that they do not know of any material adverse information about RM’s current or prospective operations that has not been publicly disclosed.

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