Harper Allen C 4

What Happened
Harper Allen, reported as a 10% owner of Rocky Mountain Chocolate Factory, sold a total of 54,100 shares in a series of open‑market/private sales between Feb 19 and Mar 5, 2026, for aggregate proceeds of about $140,834. Individual transactions ranged from 430 to 18,715 shares at prices around $2.60 per share.

Key Details

• Transactions (all sales, code S):
  • 2026-02-19: 2,000 sh @ $2.62 — $5,238
  • 2026-02-20: 7,499 sh @ $2.60 — $19,509
  • 2026-02-25: 430 sh @ $2.60 — $1,118
  • 2026-02-26: 18,715 sh @ $2.61 — $48,783
  • 2026-02-27: 5,241 sh @ $2.60 — $13,627
  • 2026-03-04: 11,297 sh @ $2.60 — $29,372
  • 2026-03-05: 8,918 sh @ $2.60 — $23,187
• Total sold: 54,100 shares for ≈ $140,834.
• Filing: Form 4 filed on 2026-04-16 reporting transactions dated Feb 19–Mar 5, 2026. This filing was not made within the typical two business days required for Form 4s (i.e., appears late).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Reporting person disclaims beneficial ownership except to extent of pecuniary interest (F1).

Context
As a 10% owner, Allen is a large shareholder rather than an executive trading signal; multiple small sales over several days are often liquidity or portfolio management moves rather than a clear statement about company prospects. Sales provide less actionable bullish information than purchases. The late filing is worth noting for transparency but does not by itself indicate wrongdoing.