4/AFiled Aug 11, 8:00 PM ET

Rain Enhancement (RAIN) CEO Randy Seidl Buys 42,514 Shares

$RAIN · Rain Enhancement Technologies Holdco, Inc.

Research Summary

AI-generated summary of this SEC filing

Updated

Rain Enhancement (RAIN) CEO Randy Seidl Buys 42,514 Shares

What Happened

  • Randy Seidl, CEO of Rain Enhancement Technologies Holdco, Inc. (RAIN), made a series of open-market purchases totaling 42,514 shares between May 20 and May 22, 2026. The purchases were: 8,514 shares at $1.73 on May 20 (~$14,729), 30,000 shares at $2.53 on May 21 ($75,900), and 4,000 shares at $2.58 on May 22 ($10,320), for a combined cash outlay of about $100,949.
  • These transactions are purchases (code P) reported on an amended Form 4 filed August 12, 2026.

Key Details

  • Transaction dates and prices: May 20, 2026 — 8,514 @ $1.73; May 21, 2026 — 30,000 @ $2.53; May 22, 2026 — 4,000 @ $2.58.
  • Total shares acquired: 42,514; total cost: ~$100,949.
  • Shares owned after transaction: Not specified in the supplied data.
  • Notable footnotes in the filing:
    • F1–F3 note that certain prices reported are weighted averages with price ranges given (these relate to multiple transactions reported in the filing).
    • F4: The reporting person will provide detailed breakdowns of sales by price on request.
    • F5: Mr. Seidl also has a restricted stock award for 602,320 Class A shares (50% vested Jan 1, 2026; remaining 50% vests Jan 1, 2027, subject to continued service).
    • F6: This is an amended filing correcting dates in Table I, Item 2 from 2025 to 2026.
  • Timeliness: The Form 4 was amended and filed on Aug 12, 2026 for May 20–22 transactions; this is substantially after the trade dates and therefore a late/amended filing.

Context

  • Open-market purchases by executives are often watched by investors as a signal of insider buying interest, but they do not by themselves explain motivation. The restricted award (F5) indicates additional, time‑based compensation subject to continued employment.
  • Because this filing was amended and submitted well after the trade dates, check the complete Form 4 for any further corrections or disclosures before drawing conclusions.