Large RDW (NYSE: RDW) holder files to sell 6.1M shares of common stock
Rhea-AI Filing Summary
A stockholder in RDW has filed a notice to sell up to 6,121,072 shares of common stock through Merrill Lynch on the NYSE. The planned sale has an indicated aggregate market value of $62,067,670.08, compared with 165,150,783 common shares outstanding. These shares were originally acquired in a private placement from the issuer on 12/29/2021, paid for in cash.
Over the past three months, related sellers have already completed multiple block sales of RDW common stock. For example, AE Red Holdings, LLC sold 1,197,622 shares across trades on 01/06/2026 and 01/07/2026 for gross proceeds of more than $11.7 million, and Edge Autonomy Ultimate Holdings, LP executed sizeable transactions on the same dates. The person for whose account the securities are to be sold represents that they are not aware of any undisclosed material adverse information about the issuer’s current or prospective operations.
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Insights
Large RDW holder files to sell 6.1M shares after prior block sales.
The content describes a planned sale of 6,121,072 RDW common shares with an aggregate market value of $62,067,670.08, compared with 165,150,783 shares outstanding. The shares were acquired in a cash private placement on 12/29/2021, indicating a sizeable pre-existing position now moving toward public liquidity via NYSE trades through Merrill Lynch.
The disclosure also lists recent block sales by AE Red Holdings, LLC and Edge Autonomy Ultimate Holdings, LP between 01/06/2026 and 01/14/2026, each with large share counts and eight-figure dollar proceeds on some days. The representation that the seller is unaware of undisclosed material adverse information is standard for this type of notice and does not change the business outlook by itself. Overall, this is a significant ownership-liquidity development but not, on its own, a direct indicator of operating performance.
FAQ
What recent RDW stock sales are reported for AE Red Holdings, LLC?
AE Red Holdings, LLC sold RDW common stock on several dates in January 2026, including 776,556 shares on 01/06/2026 for gross proceeds of $8,110,291.85 and 363,909 shares on 01/07/2026 for $3,669,958.94.
What RDW stock sales are reported for Edge Autonomy Ultimate Holdings, LP?
Edge Autonomy Ultimate Holdings, LP sold RDW common stock on multiple days in January 2026, including 1,085,507 shares on 01/06/2026 for gross proceeds of $11,336,952.61 and 508,690 shares on 01/07/2026 for $5,130,050.14.
What representation does the RDW Form 144 seller make about non-public information?
The person for whose account the securities are to be sold represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.