RiverNorth Flexible Municipal Income Fund (RFM) insider Rivernorth Capital Management sold 3,940 shares for $92K at $23.34
Insider transactions reported
Rivernorth Capital Management, Llc (insider at RiverNorth Flexible Municipal Income Fund Inc., RFM) reported that they sold 3,940 shares for $92K at $23.34 between Oct 8, 2021 and Oct 11, 2021. After these transactions the filing shows 112,735 shares held directly.
- Reporting person
- Rivernorth Capital Management, Llc
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Oct 8, 2021 | Open-market sale (S) | Common Stock | -2,200 | $23.34 | $51.3K | 114,475 direct |
| Oct 11, 2021 | Open-market sale (S) | Common Stock | -1,740 | $23.34 | $40.6K | 112,735 direct |
Holdings before and after
- Common Stock: 116,675 to 112,735 direct
Transaction codes in this filing
- Open-market sale:
- Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
FAQ
What did Rivernorth Capital Management report in this RFM Form 4?
Rivernorth Capital Management, Llc (insider at RiverNorth Flexible Municipal Income Fund Inc., RFM) reported that they sold 3,940 shares for $92K at $23.34 between Oct 8, 2021 and Oct 11, 2021. After these transactions the filing shows 112,735 shares held directly.
How many RFM shares does Rivernorth Capital Management hold after this filing?
The filing shows 112,735 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
Was this RFM insider sale made under a 10b5-1 plan?
The filing's footnotes do not mention a Rule 10b5-1 trading plan.
What does transaction code S mean on an SEC Form 4?
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
Historical context for RFM
Earlier insider filings at RFM
- Oct 8, 2021SEC Form 4: Rivernorth Capital Management, Llc sold $89,534 worth of shares (3,850 units at $23.26), decreasing direct ownership by 3% to 116,675 units
- Sep 30, 2021SEC Form 4: Rivernorth Capital Management, Llc sold $8,721 worth of shares (370 units at $23.57), decreasing direct ownership by 0.31% to 120,525 units
- Sep 22, 2021SEC Form 4: Rivernorth Capital Management, Llc sold $16,793 worth of Common Stock (700 units at $23.99), decreasing direct ownership by 0.58% to 120,895 units
- Sep 21, 2021SEC Form 4: Rivernorth Capital Management, Llc sold $52,800 worth of Common Stock (2,200 units at $24.00), decreasing direct ownership by 2% to 121,595 units
- Sep 20, 2021SEC Form 4: Rivernorth Capital Management, Llc sold $105,842 worth of Common Stock (4,400 units at $24.05), decreasing direct ownership by 3% to 123,795 units
- Market cap
- 30-day
- Sector
- Finance
- Industry
- Finance/Investors Services
- Listed since
- 2020
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