RFMZ.NYSERivernorth Flexible Municipal Income Fund Ii, INC

Form 4: RFMZ Portfolio Manager Sells Fractional Shares

Sentiment:

Insider Transaction Report

📋All filings for Rivernorth Flexible Municipal Income Fund Ii, INC
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Robert A. DiMella, a Portfolio Manager for RiverNorth Flexible Municipal Income Fund II, Inc., reported a sale of common stock.

Summary

  • Robert A. DiMella, a Portfolio Manager for RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ), reported a transaction.
  • The transaction involved the disposition of 0.0125 shares of Common Stock.
  • The shares were sold at a price of $12.73 per share on November 25, 2025.
  • Following this transaction, DiMella beneficially owns 0 shares of the company's common stock directly.
  • The transaction was made pursuant to a Rule 10b5-1 plan, indicating it was pre-scheduled.

Sentiment

Score: 5

Explanation: The sale of an extremely small number of shares (0.0125) by a portfolio manager, executed under a pre-arranged 10b5-1 plan, is largely neutral. While any insider sale can be perceived negatively, the de minimis amount makes it insignificant for investment decisions.

Negatives

  • A portfolio manager sold a fractional amount of common stock, reducing their direct beneficial ownership to zero.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

  • A portfolio manager, Robert A. DiMella, sold 0.0125 shares of common stock of RiverNorth Flexible Municipal Income Fund II, Inc. at $12.73 per share.

Stakeholder Impact

  • Shareholders: Minimal impact due to the de minimis nature of the transaction.

Key Dates

DateDescription
11/25/2025Date of earliest transaction (sale of common stock)
12/01/2025Signature date of the reporting person's attorney-in-fact

Recommendation

hold

The reported insider transaction involves an extremely small number of shares (0.0125) sold by a portfolio manager under a Rule 10b5-1 plan. This type of transaction is generally considered routine and does not provide sufficient new information to alter an investment recommendation. The de minimis nature of the sale suggests no material change in the company's fundamentals or the insider's outlook that would warrant a 'buy' or 'sell' rating change.

Keywords

RFMZ, RiverNorth Flexible Municipal Income Fund II, Robert A. DiMella, Insider Trading, Form 4, Stock Sale, Portfolio Manager, 10b5-1 plan

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