RM (NYSE: RM) investor files Form 144 to sell 778 common shares
Rhea-AI Filing Summary
RM received a Form 144 notice covering a proposed sale of common stock by Basswood Opportunity Partners, LP. The notice states that 778 shares of Common Stock, par value $0.10, are proposed to be sold through J.P. Morgan Securities LLC on the NYSE around 12/01/2025, with an aggregate market value of $29,595.12. The filing notes that 9,712,805 shares of this class were outstanding.
The securities to be sold were originally acquired on 03/24/2014 via open market purchases and/or transfers from an affiliate, with 319,351 shares acquired for cash. The notice also lists recent sales by Basswood Opportunity Partners, LP over the past three months, including 12,477 shares sold on 11/25/2025 for $460,151.76 and 10,840 shares sold on 11/24/2025 for $395,768.
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FAQ
What does this Form 144 filing for RM disclose?
The Form 144 notice discloses that Basswood Opportunity Partners, LP intends to sell shares of RM Common Stock under Rule 144. It outlines the class of securities, proposed sale amount, market value, broker, exchange, how and when the shares were acquired, and recent sales of the same issuer’s stock by this seller.
What representation does the seller make about RM’s information in this notice?
By signing the notice, the person for whose account the securities are to be sold represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed. The form also cautions that intentional misstatements or omissions of facts constitute federal criminal violations under 18 U.S.C. 1001.