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Red Robin(RRGB.US) 10% Shareholder Sells US$2.26 Million in Common Stock

moomoo News ·  May 17 21:56

$Red Robin (RRGB.US)$ 10% Shareholder Archon Capital Management LLC sold 319.11K shares of common stock on May 15, 16, 17, 2024 at an average price of $7.0786 for a total value of $2.26 million.

This transaction involves other related parties: CHRISTOFILIS, CONSTANTINOS.

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What is statement of changes in beneficial ownership of securities?

It is a requirement under federal securities laws that mandates individuals, including officers, directors, and those who hold more than 10% of any class of a company's securities (collectively known as "insiders"), to report their purchases, sales, and holdings of their company's securities by submitting Forms 3, 4, and 5.

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