RFM · Insider Trading

RiverNorth Flexible Municipal Income Fund, Inc.

Full RFM quote
Iron condor setupsExpected moveIV rank historyFibonacci levelsInsider trading

Every open-market purchase and sale reported by RFM officers, directors and 10%+ beneficial owners on SEC Form 4, which must be filed within two business days of the transaction. Sales often reflect scheduled 10b5-1 plans or tax withholding rather than a directional view, so read counts alongside the size and the filer.

Form 4 Filings
50
most recent
Open-Market Buys
18
code P
Sales
29
code S
Reporting Insiders
3
current holders
RFM — Recent Form 4 Transactions (latest 2025-11-28)
FiledInsiderRole TypeSharesValue
2025-11-28 RiverNorth Financial Holdings, LLC — Buy +175 +$2.46K
2025-11-26 RiverNorth Financial Holdings, LLC — Buy +2,700 +$37.93K
2025-11-25 RiverNorth Financial Holdings, LLC — Buy +4,905 +$68.97K
2025-11-17 RiverNorth Financial Holdings, LLC — Buy +4,346 +$62.44K
2025-11-12 RiverNorth Financial Holdings, LLC — Buy +5,589 +$80.13K
2025-11-10 RiverNorth Financial Holdings, LLC — Buy +4,257 +$60.97K
2025-11-06 RiverNorth Financial Holdings, LLC — Buy +2,165 +$31.28K
2025-11-05 RiverNorth Financial Holdings, LLC — Buy +4,257 +$61.32K
2025-10-31 RiverNorth Financial Holdings, LLC — Buy +200 +$2.86K
2025-10-29 RiverNorth Financial Holdings, LLC — Buy +981 +$14.04K
2025-10-27 RiverNorth Financial Holdings, LLC — Buy +141 +$2.02K
2025-10-24 RiverNorth Financial Holdings, LLC — Buy +3,216 +$45.99K
2025-10-23 RiverNorth Financial Holdings, LLC — Buy +3,352 +$47.93K
2025-10-22 RiverNorth Financial Holdings, LLC — Buy +4,363 +$62.61K
2025-04-11 Jonathan Paul Browne — Buy +750 +$10.19K
2025-04-10 Patrick W. Galley President Buy +900 +$12.44K
2025-04-10 Patrick W. Galley President Buy +5,300 +$72.84K
2025-04-09 Patrick W. Galley President Buy −5,300 −$72.84K
2024-11-27 RIVERNORTH CAPITAL MANAGEMENT, LLC — J −75,611 —
2023-05-15 RIVERNORTH CAPITAL MANAGEMENT, LLC — A +200 +$3.08K
2023-05-10 RIVERNORTH CAPITAL MANAGEMENT, LLC — A +1,331 +$20.48K
2022-05-05 John J Lawlor — Sell −1,000 −$17.17K
2022-02-04 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −2,200 −$45.91K
2022-01-13 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −4,400 −$98.08K
2021-12-27 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −1,283 −$28.48K
2021-12-17 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −2,200 −$50.84K
2021-12-08 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −2,200 −$50.12K
2021-12-02 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −2,200 −$50.80K
2021-12-01 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −2,200 −$50.71K
2021-11-22 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −100 −$2.32K
2021-11-19 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −2,200 −$50.93K
2021-11-18 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −2,200 −$50.95K
2021-10-27 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −1,400 −$32.20K
2021-10-19 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −12,200 −$287.80K
2021-10-15 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −2,200 −$51.19K
2021-10-14 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −2,200 −$51.35K
2021-10-12 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −3,940 −$91.96K
2021-10-08 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −3,850 −$89.53K
2021-09-30 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −370 −$8.72K
2021-09-22 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −700 −$16.79K
2021-09-21 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −2,200 −$52.80K
2021-09-20 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −4,400 −$105.84K
2021-09-16 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −2,200 −$52.91K
2021-09-15 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −2,200 −$53.04K
2021-09-14 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −2,200 −$52.93K
2021-09-08 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −2,200 −$52.78K
2021-09-07 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −2,200 −$52.67K
2021-09-03 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −4,123 −$99.08K
2021-09-01 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −1,976 −$47.48K
2021-08-26 RIVERNORTH CAPITAL MANAGEMENT, LLC — Sell −2,200 −$52.67K
RFM — Current Insider Holders
InsiderRole Shares HeldValue
RiverNorth Financial Holdings, LLC — 40,647 $555.24K
Patrick W. Galley President 4,400 $60.10K
Jonathan Paul Browne — 750 $10.24K
RFM Insider Trading FAQ
Who are the insiders at RFM?
3 officers, directors and 10%+ beneficial owners currently report holdings in RFM via SEC Form 4.
Are RFM insiders buying or selling?
Across the 50 most recent Form 4 filings for RFM, 18 were open-market purchases (code P) and 29 were sales (code S). Sales frequently reflect scheduled 10b5-1 plans or tax withholding rather than a view on the stock.
How current is RFM insider data?
Form 4 must be filed within two business days of the transaction, so this is close to real time. The most recent RFM filing is dated 2025-11-28.
How to read Form 4 activity

Form 4 reports a change in beneficial ownership by an officer, director or 10%+ holder, and must be filed within two business days of the transaction — so this is close to real time, unlike the 45-day-lagged 13F institutional data.

Transaction codes matter more than the raw buy/sell count. Code P is an open-market purchase — an insider choosing to buy with their own money, which is the signal most research treats as informative. Code S is a sale, but sales are frequently pre-scheduled under a 10b5-1 plan or cover tax withholding on vesting equity, so a run of sales often says nothing directional. Codes A and M are grants and option exercises rather than open-market decisions.

Full filing history and per-insider positions are on the RFM quote page; the site-wide leaderboard is on the insider transactions hub.

More on RFM
RFM full quote Insider Transactions Hub (all symbols) RFM iron condor setups RFM expected move RFM IV rank history RFM Fibonacci levels

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