Basswood Financial Fund files Form 144 to sell RM (NYSE: RM) shares
Rhea-AI Filing Summary
Basswood Financial Fund, LP filed a notice of proposed sale of 3,091 shares of Common Stock of RM on the NYSE under Rule 144. These shares have an indicated aggregate market value of $112,512.40, compared with 9,712,805 Common Stock shares outstanding for the issuer. The fund acquired 124,269 shares of Common Stock on 03/24/2014 through open market transactions and/or transfers from affiliates, paid in cash.
During the three months before this notice, Basswood Financial Fund, LP reported several sales of the same issuer’s Common Stock, including 4,926 shares on 11/25/2025 for gross proceeds of $181,670.88 and 4,279 shares on 11/24/2025 for $156,226.00. The fund represents that it is not aware of any undisclosed material adverse information about the issuer’s current or prospective operations.
Positive
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FAQ
How many RM shares is Basswood Financial Fund, LP planning to sell under this Form 144?
Basswood Financial Fund, LP plans to sell 3,091 shares of RM Common Stock, par value $0.10 per share, in this Rule 144 notice.
What is the aggregate market value of the RM shares in this planned Rule 144 sale?
The aggregate market value of the 3,091 RM Common Stock shares covered by this notice is reported as $112,512.40.
How many RM common shares are outstanding compared to the amount Basswood plans to sell?
The issuer has 9,712,805 shares of Common Stock outstanding, while Basswood Financial Fund, LP’s planned sale covers 3,091 shares.
When and how did Basswood Financial Fund, LP acquire the RM shares referenced in this Form 144?
The fund acquired 124,269 RM Common Stock shares on 03/24/2014 through open market transactions and/or transfers from affiliates, with the consideration paid in cash.
What RM share sales has Basswood Financial Fund, LP made in the last three months?
In the past three months, Basswood Financial Fund, LP reported several RM Common Stock sales, including 4,926 shares on 11/25/2025 for $181,670.88 and 4,279 shares on 11/24/2025 for $156,226.00, along with additional smaller transactions.
On which exchange are the RM shares in this Form 144 expected to be sold?
The Common Stock covered by this notice is listed for trading on the NYSE, which is the named securities exchange for the proposed sale.
What representation does Basswood Financial Fund, LP make about information on RM in this notice?
The seller represents that it does not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.