Riley Christopher Michael 4

What Happened
Riley Christopher Michael, a director of Rain Enhancement Technologies Holdco, Inc. (RAIN), received an award of 50,000 shares of Class A common stock on June 5, 2026. The shares were granted for no cash consideration; the reported closing price that day was $2.20, implying a grant value of roughly $110,000. This was a grant/award (not a purchase or sale) and typically reflects compensation or incentive arrangements rather than an open-market trading decision.

Key Details

• Transaction date: 2026-06-05 (reported on Form 4 filed 2026-06-09).
• Transaction type/code: Award/Grant (A).
• Shares granted: 50,000 Class A common shares.
• Price / value: No cash paid; closing price cited $2.20 → implied value ≈ $110,000 (footnote).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Shares were granted for no cash consideration; closing price on grant date was $2.20.
• Filing timeliness: No late-filing flag provided in the summary data.

Context
Grants of shares to directors are commonly part of compensation plans or onboarding awards and do not necessarily signal the director buying or selling stock in the market. Retail investors should view this as a non-cash compensation event; it increases insider’s holdings on paper but does not reflect a market purchase.