Seidl Randy 4

What Happened

• Randy Seidl, CEO of Rain Enhancement Technologies Holdco, Inc. (RAIN), reported open-market purchases totaling 42,514 shares (code P) across three trades. The transactions were: 8,514 shares at $1.73 on 2025-05-20 ($14,729), 30,000 shares at $2.53 on 2025-05-21 ($75,900), and 4,000 shares at $2.58 on 2025-05-22 ($10,320). Total consideration across these purchases was approximately $100,949. These were outright purchases (acquisitions) rather than sales.

Key Details

• Transaction dates and prices:
  • 2025-05-20: 8,514 shares @ $1.73 (≈ $14,729)
  • 2025-05-21: 30,000 shares @ $2.53 (≈ $75,900)
  • 2025-05-22: 4,000 shares @ $2.58 (≈ $10,320)
• Transaction code: P = Purchase (open-market/private purchase).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1–F3: Certain reported prices are weighted averages; the filing notes prior sold shares were transacted across price ranges (provided in the footnotes) and the reporting person can supply per-price breakdowns on request (F4).
  • F5: Mr. Seidl was also granted 602,320 restricted Class A shares, with 50% vested on Jan 1, 2026 and the remaining 50% to vest on Jan 1, 2027, subject to continued service.
• Filing timeliness: The trades occurred May 20–22, 2025, while the Form 4 was filed on 2026-05-22 (Period of Report: 2026-05-20), indicating a delayed/late filing as submitted.

Context

• These entries are direct purchases, which simply report acquisitions by the CEO; they do not explain motivation. The restricted stock award (F5) is a separate grant with a multi-year vesting schedule and is not the same as the open-market purchases. If you rely on insider activity for investment research, note the late filing timing and consider confirming current holdings via the full SEC filing or company disclosures.