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Regional Management (RM) Rule 144 filing shows 5,163-share sale

Filing Impact
(Low)
Filing Sentiment
(Neutral)
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

  • 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 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.

How many RM shares are planned to be sold and at what market value?

The notice states an intention to sell 5,163 shares of RM common stock with an aggregate market value of $188,501.

How many Regional Management (RM) shares are outstanding?

The filing reports that 9,712,805 shares of RM common stock are outstanding.

When and how were the RM shares being sold originally acquired?

The shares were acquired on March 24, 2014 via open-market purchases and/or transfers from affiliates, with 226,725 shares acquired for cash.

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.
Regional Mgmt Corp

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