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RRC (NYSE: RRC) files Form 144 to resell 15,000 shares worth $658,500

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

RRC files a Form 144 reporting the proposed sale of $658,500 worth of Common Stock, totaling 15,000 shares, under Rule 144. The filing lists prior acquisitions by Fidelity Brokerage Services LLC on multiple dates and a 5,000-share stock award dated 05/08/2024.

Positive

  • None.

Negative

  • None.

Insights

Form 144 notifies the market of an intended Rule 144 resale of 15,000 shares.

The filing lists a proposed sale of 15,000 shares with an aggregate amount shown as $658,500 and indicates transactions by Fidelity Brokerage Services LLC across multiple dates. This is a regulatory resale notice, not a completed sale.

Timing and final execution are governed by Rule 144 conditions; subsequent filings will show completion or settlement details.

Acquisition history includes open-market purchases and a 5,000-share award.

The excerpt documents numerous open-market purchases (dates from 10/19/2015 through 05/17/2019) and a 5,000-share stock award on 05/08/2024, which together provide the provenance of the shares being resold.

Per Rule 144 practice, these entries explain source of holdings; the filing itself does not record an executed sale.

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 RRC's Form 144 disclose about the proposed sale?

It discloses a proposed resale of 15,000 shares totaling $658,500. The filing lists prior acquisition dates and a 5,000-share stock award dated 05/08/2024 as provenance for the shares.

Who is listed as the broker or holder in the RRC Form 144?

Fidelity Brokerage Services LLC is named with an address for the common shares. The filing associates prior open-market purchases and the 2024 stock award with these holdings in the provided excerpt.

Does Form 144 mean the shares have been sold for RRC?

No; Form 144 reports a proposed resale under Rule 144, not a completed transaction. Execution and settlement would be disclosed in later filings if and when the sale occurs.

What acquisition history is shown for the shares in the RRC filing?

The excerpt lists multiple open-market purchases spanning 10/19/2015 to 05/17/2019 and a 5,000-share stock award on 05/08/2024, which are cited as the sources of the shares to be sold.
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