Director TCP-ASC ACHI Series LLLP sells entire 30.55M-share stake in RCM (100% of holdings) for $436.3M at $14.28
TCP-ASC ACHI Series LLLP, a director of RCM, executed a complete exit of its 30,548,388-share position on 2024-11-19 for $436,292,077.42, reducing holdings from 30,548,388 shares to 0 shares. This represents a liquidation of 100% of the director's equity stake. The sale occurred at $14.28 per share, slightly below the current price of $14.31 and 1.8% below the 52-week high of $14.58. The company recently reported negative net income of $-19,900,000 in the latest quarter despite revenue growth of 24.8% annually, creating an unusually elevated P/E ratio of 1431.00—a reflection of the unprofitable position. The total exit of a major director's entire shareholding warrants investor attention regarding potential shifts in insider positioning or confidence in near-term operations.