Harper Allen C 4

What Happened Harper Allen C, reported as a 10% owner of Rocky Mountain Chocolate Factory (RMCF), sold a total of 85,900 shares in two open-market/private sale transactions. On May 1, 2026 he disposed of 35,900 shares at $2.45 each for $87,955, and on May 4, 2026 he disposed of 50,000 shares at $2.45 each for $122,500 — total proceeds about $210,455. These were sales (not purchases) and therefore are typically viewed as routine disposition activity rather than a bullish signal.

Key Details

• Transaction dates and prices:
  • 2026-05-01: Sold 35,900 shares @ $2.45 — $87,955
  • 2026-05-04: Sold 50,000 shares @ $2.45 — $122,500
• Total shares sold: 85,900; total proceeds ≈ $210,455.
• Shares owned after transaction: Not specified in the Form 4 provided.
• Footnote: Report filed "By American Heritage Railways, Inc." The reporting person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest (per footnote F1).
• Timeliness: Form filed May 8, 2026; first trade occurred May 1, 2026 — the filing was submitted seven days after the first transaction and appears late relative to the standard two-business-day Section 16 reporting requirement.

Context

• As a 10% owner, these sales reflect institutional/large-holder activity rather than employee executive trading. Sales by large holders may be for diversification or liquidity needs and do not by themselves indicate company performance. No options exercises, gifts, or tax-withholding events were reported in this filing.