Home/Filings/4/0001193805-20-001565

4//SEC Filing

Richmond David S. 4

Accession 0001193805-20-001565

CIK 0001041024other

View on SEC.gov Company Profile

Filed

Dec 16, 7:00 PM ET

Accepted

Dec 17, 9:59 PM ET

Size

38.8 KB

Accession

0001193805-20-001565

Insider Transaction Report

Form 4

Period: 2020-07-15

ROCKWELL MEDICAL, INC.RMTI

Richmond David S.

10% OwnerOther

Transactions

Sale
Common Stock
2020-12-15$1.10/sh−43,979$48,377→ 1,611,780 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.01/sh−136,021$137,123→ 1,475,759 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 61,278 total(indirect: By: Richmond Brothers, Inc.)
Sale
Common Stock
2020-12-15$1.11/sh−234,145$259,128→ 3,651,658 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.01/sh−185,855$187,806→ 3,465,803 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 64,841 total(indirect: By LLC)

Holdings

Common Stock
(indirect: By: Daughter of David S. Richmond)
797
Common Stock
(indirect: By 401(k))
108,628
Common Stock
(indirect: By Spouse)
29,787
Common Stock
(indirect: By: Son of David S. Richmond)
7
Common Stock
(indirect: By: Matthew J. Curfman)
52,837
Common Stock
(indirect: By Spouse)
38,300
Common Stock
(indirect: By LLC)
38,490

RBI OPPORTUNITIES FUND, LLC

Other

Transactions

Sale
Common Stock
2020-12-16$1.01/sh−185,855$187,806→ 3,465,803 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 64,841 total(indirect: By LLC)
Sale
Common Stock
2020-12-15$1.11/sh−234,145$259,128→ 3,651,658 total(indirect: By LLC)
Sale
Common Stock
2020-12-15$1.10/sh−43,979$48,377→ 1,611,780 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.01/sh−136,021$137,123→ 1,475,759 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 61,278 total(indirect: By: Richmond Brothers, Inc.)

Holdings

Common Stock
(indirect: By 401(k))
108,628
Common Stock
(indirect: By: Daughter of David S. Richmond)
797
Common Stock
(indirect: By: Matthew J. Curfman)
52,837
Common Stock
(indirect: By Spouse)
29,787
Common Stock
(indirect: By: Son of David S. Richmond)
7
Common Stock
(indirect: By Spouse)
38,300
Common Stock
(indirect: By LLC)
38,490

RBI Private Investment I, LLC

Other

Transactions

Sale
Common Stock
2020-12-15$1.10/sh−43,979$48,377→ 1,611,780 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 64,841 total(indirect: By LLC)
Sale
Common Stock
2020-12-15$1.11/sh−234,145$259,128→ 3,651,658 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.01/sh−185,855$187,806→ 3,465,803 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.01/sh−136,021$137,123→ 1,475,759 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 61,278 total(indirect: By: Richmond Brothers, Inc.)

Holdings

Common Stock
(indirect: By Spouse)
29,787
Common Stock
(indirect: By: Son of David S. Richmond)
7
Common Stock
(indirect: By LLC)
38,490
Common Stock
(indirect: By 401(k))
108,628
Common Stock
(indirect: By: Daughter of David S. Richmond)
797
Common Stock
(indirect: By: Matthew J. Curfman)
52,837
Common Stock
(indirect: By Spouse)
38,300

RBI Private Investment II, LLC

Other

Transactions

Sale
Common Stock
2020-12-15$1.10/sh−43,979$48,377→ 1,611,780 total(indirect: By LLC)
Sale
Common Stock
2020-12-15$1.11/sh−234,145$259,128→ 3,651,658 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 61,278 total(indirect: By: Richmond Brothers, Inc.)
Sale
Common Stock
2020-12-16$1.01/sh−185,855$187,806→ 3,465,803 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.01/sh−136,021$137,123→ 1,475,759 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 64,841 total(indirect: By LLC)

Holdings

Common Stock
(indirect: By Spouse)
29,787
Common Stock
(indirect: By: Daughter of David S. Richmond)
797
Common Stock
(indirect: By Spouse)
38,300
Common Stock
(indirect: By LLC)
38,490
Common Stock
(indirect: By 401(k))
108,628
Common Stock
(indirect: By: Son of David S. Richmond)
7
Common Stock
(indirect: By: Matthew J. Curfman)
52,837

Richmond Brothers 401(k) Profit Sharing Plan

Other

Transactions

Sale
Common Stock
2020-12-16$1.01/sh−185,855$187,806→ 3,465,803 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 61,278 total(indirect: By: Richmond Brothers, Inc.)
Sale
Common Stock
2020-12-15$1.11/sh−234,145$259,128→ 3,651,658 total(indirect: By LLC)
Sale
Common Stock
2020-12-15$1.10/sh−43,979$48,377→ 1,611,780 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.01/sh−136,021$137,123→ 1,475,759 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 64,841 total(indirect: By LLC)

Holdings

Common Stock
(indirect: By: Daughter of David S. Richmond)
797
Common Stock
(indirect: By: Matthew J. Curfman)
52,837
Common Stock
(indirect: By LLC)
38,490
Common Stock
(indirect: By Spouse)
29,787
Common Stock
(indirect: By Spouse)
38,300
Common Stock
(indirect: By 401(k))
108,628
Common Stock
(indirect: By: Son of David S. Richmond)
7

Richmond Brothers, Inc.

10% OwnerOther

Transactions

Sale
Common Stock
2020-12-15$1.11/sh−234,145$259,128→ 3,651,658 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 64,841 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.01/sh−185,855$187,806→ 3,465,803 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 61,278 total(indirect: By: Richmond Brothers, Inc.)
Sale
Common Stock
2020-12-15$1.10/sh−43,979$48,377→ 1,611,780 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.01/sh−136,021$137,123→ 1,475,759 total(indirect: By LLC)

Holdings

Common Stock
(indirect: By LLC)
38,490
Common Stock
(indirect: By: Matthew J. Curfman)
52,837
Common Stock
(indirect: By 401(k))
108,628
Common Stock
(indirect: By: Son of David S. Richmond)
7
Common Stock
(indirect: By Spouse)
29,787
Common Stock
(indirect: By: Daughter of David S. Richmond)
797
Common Stock
(indirect: By Spouse)
38,300

Curfman Matthew J.

10% OwnerOther

Transactions

Sale
Common Stock
2020-12-16$1.01/sh−185,855$187,806→ 3,465,803 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 61,278 total(indirect: By: Richmond Brothers, Inc.)
Sale
Common Stock
2020-12-15$1.11/sh−234,145$259,128→ 3,651,658 total(indirect: By LLC)
Sale
Common Stock
2020-12-15$1.10/sh−43,979$48,377→ 1,611,780 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.01/sh−136,021$137,123→ 1,475,759 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 64,841 total(indirect: By LLC)

Holdings

Common Stock
(indirect: By: Matthew J. Curfman)
52,837
Common Stock
(indirect: By Spouse)
29,787
Common Stock
(indirect: By Spouse)
38,300
Common Stock
(indirect: By 401(k))
108,628
Common Stock
(indirect: By: Son of David S. Richmond)
7
Common Stock
(indirect: By LLC)
38,490
Common Stock
(indirect: By: Daughter of David S. Richmond)
797

RBI OPPORTUNITIES FUND II, LLC

Other

Transactions

Sale
Common Stock
2020-12-15$1.10/sh−43,979$48,377→ 1,611,780 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.01/sh−136,021$137,123→ 1,475,759 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 61,278 total(indirect: By: Richmond Brothers, Inc.)
Sale
Common Stock
2020-12-15$1.11/sh−234,145$259,128→ 3,651,658 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.01/sh−185,855$187,806→ 3,465,803 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 64,841 total(indirect: By LLC)

Holdings

Common Stock
(indirect: By 401(k))
108,628
Common Stock
(indirect: By Spouse)
29,787
Common Stock
(indirect: By: Daughter of David S. Richmond)
797
Common Stock
(indirect: By: Matthew J. Curfman)
52,837
Common Stock
(indirect: By Spouse)
38,300
Common Stock
(indirect: By LLC)
38,490
Common Stock
(indirect: By: Son of David S. Richmond)
7

RBI PI Manager, LLC

Other

Transactions

Sale
Common Stock
2020-12-16$1.01/sh−185,855$187,806→ 3,465,803 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 61,278 total(indirect: By: Richmond Brothers, Inc.)
Sale
Common Stock
2020-12-15$1.11/sh−234,145$259,128→ 3,651,658 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.01/sh−136,021$137,123→ 1,475,759 total(indirect: By LLC)
Sale
Common Stock
2020-12-15$1.10/sh−43,979$48,377→ 1,611,780 total(indirect: By LLC)
Sale
Common Stock
2020-12-16$1.02/sh−100,000$102,360→ 64,841 total(indirect: By LLC)

Holdings

Common Stock
(indirect: By Spouse)
29,787
Common Stock
(indirect: By Spouse)
38,300
Common Stock
(indirect: By LLC)
38,490
Common Stock
(indirect: By: Son of David S. Richmond)
7
Common Stock
(indirect: By 401(k))
108,628
Common Stock
(indirect: By: Matthew J. Curfman)
52,837
Common Stock
(indirect: By: Daughter of David S. Richmond)
797

Footnotes (16)

[F1]This Form 4 is filed jointly by RBI Private Investment I, LLC ("RBI PI"), RBI Private Investment II, LLC ("RBI PII"), The RBI Opportunities Fund, LLC ("RBI Opportunities"), The RBI Opportunities Fund II, LLC ("RBI Opportunities II"), RBI PI Manager, LLC ("RBI Manager"), Richmond Brothers 401(k) Profit Sharing Plan ("RBI Plan"), Richmond Brothers, Inc. ("Richmond Brothers"), David S. Richmond and Matthew J. Curfman (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock.
[F10]Represents securities directly owned by Mr. Richmond's spouse. Mr. Richmond may be deemed to beneficially own the securities owned directly by his spouse.
[F11]Represents securities directly owned by Mr. Richmond's daughter. Mr. Richmond may be deemed to beneficially own the securities owned directly by his daughter.
[F12]Represents securities directly owned by Mr. Richmond's son. Mr. Richmond may be deemed to beneficially own the securities owned directly by his son.
[F13]Represents securities directly owned by Mr. Curfman's spouse. Mr. Curfman may be deemed to beneficially own the securities owned directly by his spouse.
[F14]The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.10 to $1.145. The ReportingPersons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, fullinformation regarding the number of shares sold at each separate price within the ranges set forth in footnotes 14, 15, and 16 to this Form 4.
[F15]The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.00 to $1.04. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 14, 15, and 16 to this Form 4.
[F16]The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.00 to $1.03. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 14, 15, and 16 to this Form 4.
[F2]Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
[F3]Represents securities directly owned by RBI Opportunities. RBI Manager, as the manager of RBI Opportunities, may be deemed to beneficially own the securities owned directly by RBI Opportunities. Mr. Richmond, as the manager of RBI Manager, may be deemed to beneficially own the securities owned directly by RBI Opportunities.
[F4]Represents securities directly owned by RBI Opportunities II. RBI Manager, as the manager of RBI Opportunities II, may be deemed to beneficially own the securities owned directly by RBI Opportunities II. Mr. Richmond, as the manager of RBI Manager, may be deemed to beneficially own the securities owned directly by RBI Opportunities II.
[F5]Represents securities directly owned by RBI PI. RBI Manager, as the manager of RBI PI, may be deemed to beneficially own the securities owned directly by RBI PI. Mr. Richmond, as the manager of RBI Manager, may be deemed to beneficially own the securities owned directly by RBI PI.
[F6]Represents securities directly owned by Richmond Brothers. Mr. Richmond, as the Chairman of Richmond Brothers, may be deemed to beneficially own the securities owned directly by Richmond Brothers. Mr. Curfman as the President of Richmond Brothers, may be deemed to beneficially own the securities owned directly by Richmond Brothers.
[F7]Not reported herein are shares of Common Stock held in certain accounts managed by Richmond Brothers (the "Separately Managed Accounts"). Richmond Brothers is entitled to a management fee from the Separately Managed Accounts based solely on the value of assets under management. Accordingly, neither Richmond Brothers nor any other Reporting Person has a pecuniary interest in any of the shares held in the Separately Managed Accounts for purposes of Section 16.
[F8]Represents securities directly owned by RBI PII. RBI Manager, as the manager of RBI PII, may be deemed to beneficially own the securities owned directly by RBI PII. Mr. Richmond, as the manager of RBI Manager, may be deemed to beneficially own the securities owned directly by RBI PII.
[F9]Represents securities directly owned by RBI Plan. Messrs. Richmond and Curfman, as trustees of RBI Plan, may be deemed to beneficially own the securities owned directly by RBI Plan.

Documents

1 file

4
e620147_4-rmti.xmlPrimary

Issuer

ROCKWELL MEDICAL, INC.

CIK 0001041024

→

Entity typeother

Related Parties

filerCIK 0001698614

Filing Metadata

Form type: 4
Filed: Dec 16, 7:00 PM ET
Accepted: Dec 17, 9:59 PM ET
Size: 38.8 KB

View on SEC.gov