Saltzman David 4
Research Summary
AI-generated summary
Rithm Capital (RITM) Director David Saltzman Sells Shares
What Happened
David Saltzman, a director of Rithm Capital Corp. (RITM), sold a total of 80,922 shares in open-market transactions on May 20, 2026. The sales were in two groups: 14,174 shares at a weighted avg. price of $9.19 for $130,259, and 66,748 shares at a weighted avg. price of $9.26 for $618,086 — a combined proceeds of approximately $748,345. These were outright sales (S) rather than purchases.
Key Details
- Transaction dates: May 20, 2026 (reported on Form 4 filed May 22, 2026). Filing appears timely (within the two-business-day reporting window).
- Individual trades: 14,174 shares @ $9.19 = $130,259; 66,748 shares @ $9.26 = $618,086. Total = 80,922 shares for ~$748,345.
- Footnotes: F1/F2 note the reported prices are weighted averages from multiple executions. First block ranged $9.1903–$9.1950; second block ranged $9.2600–$9.2700. The filer can provide per-price breakdown on request.
- Shares owned after the transactions: not disclosed in the provided filing excerpt.
Context
- These were sales (S), which are often routine insider liquidity events; sales do not necessarily indicate company outlook.
- No derivative exercises, grants, gifts, or 10b5-1 plan information was reported in the excerpt provided.
- Retail investors should note the specifics (dates, volumes, weighted-average price ranges) if tracking insider activity, but avoid inferring motive from a single sale.