RRC (NYSE: RRC) files Form 144 to resell 15,000 shares worth $658,500
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.
FAQ
What does RRC's Form 144 disclose about the proposed sale?
Who is listed as the broker or holder in the RRC Form 144?
Does Form 144 mean the shares have been sold for RRC?
What acquisition history is shown for the shares in the RRC filing?