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Lynrock Lake sells large RDCM blocks (RDCM) via Rule 144 notices

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

Rhea-AI Filing Summary

Lynrock Lake Master Fund reported multiple dispositions of Ordinary Shares under Rule 144, with numerous open-market sales dated between 04/23/2026 and 05/08/2026 The notices list individual sale lots (examples include 34,677 shares for $559,862.49 on 05/08/2026 and 32,853 shares for $530,384.32 on 05/08/2026).

The filing identifies broker/dealers involved (including Jefferies LLC and TD Securities (USA) LLC) and shows numerous cash settlements from open-market transactions. This is a routine Rule 144 resale disclosure of aggregated daily sell lots by the named holder.

Positive

  • None.

Negative

  • None.

Insights

Rule 144 resale notices list many open-market sell lots over several dates.

The excerpt documents repeated cash-settled open-market dispositions of Ordinary Shares by Lynrock Lake Master Fund from 04/23/2026 through 05/08/2026

These entries show execution through broker-dealers such as Jefferies LLC and TD Securities (USA) LLC; cash-flow treatment is sales-for-cash as listed. Subsequent filings may show further activity or confirm aggregate totals.

Example trade — 05/08/2026 34,677 shares, $559,862.49 Sale lot by Lynrock Lake Master Fund on 05/08/2026
Example trade — 05/08/2026 32,853 shares, $530,384.32 Sale lot by Lynrock Lake Master Fund on 05/08/2026
Broker-reported entry 17,583 shares, $283,789.62 Line item showing Jefferies LLC with date 05/11/2026
Broker-reported entry 11,125 shares, $179,557.50 Line item showing TD Securities (USA) LLC with date 05/11/2026
Earliest sale in excerpt 4,710 shares, $73,105.70 Sale by Lynrock Lake Master Fund on 04/23/2026
Large sale example — 05/08/2026 34,677 shares, $559,862.49 Repeated as a prominent large lot on 05/08/2026
Rule 144 regulatory
"multiple dispositions under Rule 144, with open-market sales listed"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Open Market Purchases market
"Open Market Purchases | N/A | 28708 | 04/28/2022 | Cash"
Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.
Ordinary Shares financial
"Ordinary Shares | 04/28/2022 | Open Market Purchases"
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

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 the RDCM Form 144 filing report?

It reports multiple Rule 144 dispositions of Ordinary Shares by Lynrock Lake Master Fund. The notices list open-market cash sales dated 04/23/2026 through 05/08/2026 with individual trade lots and dollar amounts.

Which broker-dealers appear in the RDCM Form 144 excerpt?

The excerpt names Jefferies LLC and TD Securities (USA) LLC as brokers. Each broker line shows share counts, dollar amounts, and date 05/11/2026 associated with their entries.

How large were some individual sell lots reported on RDCM Form 144?

Examples include a sale of 34,677 shares for $559,862.49 and 32,853 shares for $530,384.32, both dated 05/08/2026, as listed in the filing excerpt.

Does the filing state use of proceeds from these sales?

The excerpt shows cash-settled open-market transactions (cash proceeds listed per lot). It does not state any issuer-directed use of proceeds or that the issuer received proceeds.

Are the listed transactions part of an open-market program or private resale?

The entries are described as Open Market Purchases and list cash settlements; the filing format and dates indicate routine open-market dispositions under Rule 144 rather than a registered offering.

What time span do the reported sales cover in the excerpt?

The sale lots in the excerpt span from 04/23/2026 through 05/08/2026, showing repeated daily dispositions by the reporting holder.