[144] Rockwell Medical, Inc. (DE) SEC Filing

Rhea-AI Filing Summary

HSBC Holdings plc filed a Form 6-K detailing the latest execution under its US$3 bn share-buyback that commenced on 6 May 2025. On 1 July 2025 the bank repurchased 102,144 ordinary shares (par value US$0.50) on UK trading venues at a volume-weighted average price of £8.7047 (high £8.7360, low £8.6750). All shares were bought through Morgan Stanley & Co. International and will be cancelled.

Including this tranche, HSBC has now bought back 198,054,020 shares for an aggregate consideration of approximately US$2.31 bn. After cancellation, issued share capital will stand at 17,477,814,117 voting shares, with no shares held in treasury. A further notice will follow once Hong Kong-listed repurchases are cancelled.

The disclosure is made under UK MAR Article 5 and provides the denominator for shareholders’ DTR calculations. A breakdown of individual trades is available via the London Stock Exchange link provided.

• Shares repurchased 1 Jul 2025: 102,144
• VWAP: £8.7047
• Total buyback to date: 198.1 m shares | US$2.31 bn
• New share count: 17.48 bn

Positive

• US$2.31 bn cumulative buyback demonstrates continued commitment to shareholder capital return, potentially lifting EPS and ROE.
• Immediate cancellation reduces share count to 17.48 bn, increasing per-share metrics.
• No treasury shares outstanding simplifies share-count calculations and signals transparent capital structure.

Negative

• Daily repurchase volume (102k shares) is negligible versus 17.48 bn outstanding, making short-term market impact minimal.
• Buyback focus may suggest limited organic reinvestment opportunities for growth.

Insights

Equity Analyst

TL;DR: Routine buyback execution; marginal EPS accretion, modest positive for shareholder returns.

The daily purchase is immaterial (<0.001% of shares), yet the cumulative programme has retired roughly 1.1% of outstanding stock for US$2.31 bn in two months. Cancellation rather than treasury treatment provides immediate reduction in share count, supporting EPS and ROE metrics. Pricing (c.£8.70) is near recent market levels, indicating no aggressive premium. Overall capital return remains manageable relative to HSBC’s CET1 ratio (>14%), implying limited balance-sheet strain.

Corporate Governance Specialist

TL;DR: Disclosure meets MAR & DTR requirements; governance impact neutral.

HSBC continues to provide granular trade data and timely voting-rights updates, aligning with UK transparency rules. No treasury shares simplifies ownership calculations. The modest reduction in float marginally increases existing investors’ proportional voting power. No indication of insider participation or regulatory concerns, keeping the governance risk profile unchanged.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Raymond James & Associates 880 Carillon Parkway St. Petersburg FL 33716	2868	2271.00	34174687	07/01/2025	NASDAQ

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON	03/17/2024	RSU VESTING	ISSUER			10010	03/17/2024	RSU VESTING

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
TIMOTHY CHOLE 10548 Starglow Ct LITTLETON CO 80126	COMMON	04/01/2025	2868	3005.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many HSBC (HSBC) shares were repurchased on 1 July 2025?

HSBC bought back 102,144 ordinary shares on that date.

What price did HSBC pay for the shares on 1 July 2025?

The volume-weighted average price was £8.7047, with a high of £8.7360 and a low of £8.6750.

What is the total number of shares HSBC has repurchased since 6 May 2025?

The programme has retired 198,054,020 shares so far.

What is HSBC's current issued share capital after the latest cancellation?

Issued ordinary share capital stands at 17,477,814,117 voting shares.

Does HSBC hold any shares in treasury after the buyback?

No. HSBC holds zero ordinary shares in treasury following the cancellation.

On which venues were the shares repurchased?

All trades took place on London Stock Exchange, Aquis, Cboe Europe (BXE/CXE) and Turquoise.