Basswood Fund (RM) Files Form 144 for Planned Common Stock Sale on NYSE
Rhea-AI Filing Summary
Basswood Financial Long Only Fund, Ltd. has filed a Form 144 indicating an intention to sell 283 shares of common stock, par value $0.10, through J.P. Morgan Securities LLC on the NYSE. The aggregate market value of these planned sales is listed as $10,428.55, and the issuer had 9,712,805 shares outstanding of this class at the time stated.
The filer previously acquired 5,008 common shares on 03/24/2014 via open market purchases and/or transfers from affiliates, paid in cash. Over the past three months, the same fund has already sold common stock in several small transactions, including 177 shares on 11/25/2025 for $6,527.76 and 144 shares on 11/24/2025 for $5,257.00, among other modest trades. The signer represents that they are not aware of any undisclosed material adverse information about the issuer.
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FAQ
What does the Form 144 filing for RM disclose?
The Form 144 shows that Basswood Financial Long Only Fund, Ltd. plans to sell 283 shares of the issuer’s common stock through J.P. Morgan Securities LLC on the NYSE, with an aggregate market value of $10,428.55.
How many RM shares are outstanding according to this Form 144?
The filing states that there are 9,712,805 shares of the issuer’s common stock outstanding for the class of securities referenced.
When did the seller originally acquire the RM shares referenced in the Form 144?
The filing reports that 5,008 common shares were acquired on 03/24/2014 via open market purchases and/or transfers from affiliates, with payment made in cash.
What recent RM stock sales by the filer are listed in the Form 144?
The document lists several recent common stock sales by Basswood Financial Long Only Fund, Ltd., including 177 shares sold on 11/25/2025 for $6,527.76 and 144 shares sold on 11/24/2025 for $5,257.00, along with other smaller trades.
What representation does the Form 144 signer make about RM’s information disclosure?
The signer represents that they do not know of any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.
Which broker is handling the planned RM share sale in this Form 144?
The planned sale of 283 shares of common stock is to be executed through J.P. Morgan Securities LLC, located at 270 Park Avenue, New York, NY 10017.