Regional Management (RM) Rule 144 filing shows 5,163-share sale
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
Regional Management Corp. (RM) insider plans sale under Rule 144. A holder filed a notice to sell 5,163 shares of RM common stock through J.P. Morgan Securities LLC on the NYSE, with an aggregate market value of $188,501. The filing notes that 9,712,805 shares of common stock are outstanding.
The seller originally acquired 226,725 shares of common stock on March 24, 2014 via open-market purchases and/or transfers from affiliates, paid in cash. Over the past three months, Basswood Capital Management, LLC sold 34,810 RM common shares for gross proceeds of $1,271,957. The signer represents that they are not aware of undisclosed material adverse information about RM.
Positive
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Negative
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FAQ
What does the Form 144 filing for RM disclose?
The Form 144 filing for Regional Management Corp. (RM) discloses a planned sale of 5,163 shares of RM common stock on the NYSE through J.P. Morgan Securities LLC, with an aggregate market value of $188,501.
What RM stock sales occurred in the last 3 months for this seller?
Over the past 3 months, Basswood Capital Management, LLC sold 34,810 shares of RM common stock, generating $1,271,957 in gross proceeds.
Does the RM Form 144 filing include any representation about undisclosed information?
Yes. The person for whose account the securities are to be sold represents that they do not know any material adverse information about RM’s current or prospective operations that has not been publicly disclosed.