Saks Michael 4
Research Summary
AI-generated summary
RCM Technologies (RCMT) Division President Michael Saks Sells Shares
What Happened
Michael Saks, Division President, Healthcare Services at RCM Technologies (RCMT), reported selling a total of 5,000 shares in two transactions: 136 shares on 2026-04-15 and 4,864 shares on 2026-04-16. Both sales were at $30.00 per share, generating aggregate proceeds of $150,000. These were sales (S), not purchases.
Key Details
- Transaction dates and amounts:
- 2026-04-15: 136 shares sold @ $30.00 — $4,080
- 2026-04-16: 4,864 shares sold @ $30.00 — $145,920
- Total shares sold: 5,000; total proceeds: $150,000.
- Footnotes:
- F1: Reporting person has purchased 267 shares under the issuer's Employee Stock Purchase Plan since the most recent Section 16 filing.
- F2: The 4,864-share sale represents a nondiscretionary sale under a plan established by the reporting person on Dec 6, 2024 intended to comply with Rule 10b5-1.
- Shares owned after transaction: Not provided in the excerpt of the filing.
- Filing: Form 4 filed 2026-04-17 reporting transactions on 2026-04-15 and 2026-04-16 (appears to be filed within the typical reporting window).
Context
These were outright sales (not option exercises or gifts). The larger sale on 4/16 was executed under a pre-established, nondiscretionary 10b5-1 plan—meaning the timing was determined by the plan, not an immediate discretionary decision. Purchases via the ESPP (F1) are separate and indicate small additional share acquisition since the last filing.