KEVIN D. MILLER - 10 Nov 2023 Form 4 Insider Report for RCM TECHNOLOGIES, INC. (RCMT)

Role
CFO
Signature
/s/ Kevin D. Miller
Issuer symbol
RCMT
Transactions as of
10 Nov 2023
Net transactions value
-$369,288
Form type
4
Filing time
14 Nov 2023, 16:21:42 UTC
Previous filing
29 Jun 2022
Next filing
15 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RCMT Common Stock Sale $369,288 -15,387 -2.7% $24.00 565,000 10 Nov 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents a nondiscretionary sale by a plan established by the Reporting Person on May 19, 2022, in a manner intended to satisfy the requirements of Rule 10b5-1.
F2 Represents the weighted average of a range of sale prices from $24.00 to $24.02. The reporting person undertakes to provide to the Staff of the Securities and Exchange Commission, the Company or any stockholder of the Company, upon request, full information regarding the number of shares sold at each separate price.