Issuer (NYSE: RDW) holder plans sale of 4,378,928 common shares
Rhea-AI Filing Summary
A holder has filed a notice to sell 4,378,928 shares of common stock through Merrill Lynch on the NYSE. The issuer reports 165,150,783 shares outstanding, giving a sense of the company’s current equity base. The shares to be sold were originally acquired on 12/29/2021 in a private placement directly from the issuer for cash.
The notice also lists recent sales over the prior three months by AE Red Holdings, LLC and Edge Autonomy Ultimate Holdings, LP, covering multiple transactions between 01/06/2026 and 01/14/2026 with stated gross proceeds for each trade. The seller represents that they are not aware of any undisclosed material adverse information about the issuer’s current or prospective operations and acknowledges that intentional misstatements would constitute a federal criminal violation.
Positive
- None.
Negative
- None.
FAQ
What representations does the seller make about RDW in this notice?
The seller represents that they do not know of any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed and acknowledges that intentional misstatements or omissions would be a federal criminal violation.