Timothy Chole - 01 Oct 2024 Form 4 Insider Report for ROCKWELL MEDICAL, INC. (RMTI)

Signature
/s/ Megan Timmins, Attorney-in-Fact for Timothy Chole
Issuer symbol
RMTI
Transactions as of
01 Oct 2024
Net transactions value
-$3,689
Form type
4
Filing time
02 Oct 2024, 21:55:58 UTC
Previous filing
30 May 2024
Next filing
06 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMTI Common Stock Sale $3,689 -1,001 -1.8% $3.69 55,171 01 Oct 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 7, 2024 in multiple trades at prices ranging from $3.67 to $3.69. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 Due to an administrative error, the withholding of 2,823 shares to cover the estimated tax withholding obligation was erroneously omitted from the Form 3 filed on May 30, 2024. This form reflects the correct amount of common stock beneficially owned by the Reporting Person.