Form 4: RiverNorth Flexible Municipal Income Fund Director Increases Stake
SEC Form 4 Filing
Patrick W. Galley, a Director and President of RiverNorth Flexible Municipal Income Fund, Inc., reports purchasing additional shares of common stock through a trust account.
Summary
- On April 8, 2025, Patrick W. Galley, a Director and President of RiverNorth Flexible Municipal Income Fund, Inc. (RFM), acquired additional shares of the company's common stock.
- The purchases were made through a trust account.
- Galley acquired a total of 6,700 shares at prices ranging from $13.70 to $13.91 per share.
- Following these transactions, Galley indirectly owns 6,700 shares through the trust account.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity.
Positives
- The director's purchase of shares may signal confidence in the company's future prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders may view the director's purchase as a positive signal.
Key Dates
| Date | Description |
|---|---|
| 04/08/2025 | Date of earliest transaction and multiple common stock purchases. |
| 04/09/2025 | Date of signature on the Form 4 filing. |
Keywords
RiverNorth Flexible Municipal Income Fund, RFM, insider trading, beneficial ownership, Form 4, Patrick W. Galley, stock purchase, director
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