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
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.