Director at Rain Enhancement (NASDAQ: RAIN) receives 50,000-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Riley Christopher Michael reported acquisition or exercise transactions in this Form 4 filing.
Rain Enhancement Technologies Holdco, Inc. director Riley Christopher Michael received a grant of Class A Common Stock. He was awarded 50,000 shares on the grant date for no cash consideration, and held 50,000 shares directly after the transaction.
The footnote states that the closing price of the stock on the day of the grant was $2.20 per share, highlighting the market value reference for this equity-based compensation. The filing reflects a compensation-related share award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Riley Christopher Michael
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 50,000 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 50,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 50,000 shares
Price per share at grant date close: $2.20 per share
Shares owned after transaction: 50,000 shares
3 metrics
Shares granted
50,000 shares
Class A Common Stock grant on transaction date
Price per share at grant date close
$2.20 per share
Closing price on day of grant
Shares owned after transaction
50,000 shares
Total direct holdings following grant
Key Terms
Class A Common Stock, Grant, award, or other acquisition, direct ownership
3 terms
Class A Common Stock financial
"The shares of Class A Common stock were granted for no cash consideration."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
direct ownership financial
"ownership_type: direct"