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.
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.