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