Rain Enhancement (RAIN) Director Alexandra Steele Receives Award

What Happened

• Alexandra Steele, a director of Rain Enhancement Technologies Holdco, Inc. (RAIN), was granted 80,000 shares of Class A common stock on 2026-06-05. The award was issued for no cash consideration; the company’s closing price that day was $2.20, implying an approximate grant value of $176,000. This was an equity award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-05
• Grant: 80,000 shares of Class A common stock issued for no cash consideration (footnote)
• Per-share reference price on grant date (closing price): $2.20 → implied value ≈ $176,000
• Filing: Form 4 filed 2026-06-09 (timely within the SEC’s 2-business-day window)
• Shares owned after transaction: not specified in the filing
• Footnote: Grant made for no cash consideration (see F1)

Context

• This was an equity award as part of compensation, not a purchase; such grants are common for directors and do not by themselves signal buying or selling intent in the market. Retail investors should treat director awards as compensation-related rather than direct endorsement of near-term stock performance.