RPC CFO Schmit Sells 7,030 Shares Amid Bullish Momentum, Investors Eye Insider Moves

Insider Selling in a Bullish Environment

On January 28 2026, RPC Inc. CFO and Corporate Secretary Schmit Michael sold 7,030 shares of the company’s common stock at $6.35 per share, leaving him with 228,746 shares. The trade came a day after the company’s shares crossed the 200‑day moving average and closed near a 52‑week high of $6.85. While the price move was modest and the sentiment around the sale was neutral, the buzz around the filing—almost double the normal social‑media intensity—suggests that investors are paying close attention to insider activity during a period of strong technical momentum.

What the Sale Says About Confidence

Insider sales can signal a range of motivations—from portfolio rebalancing to a lack of confidence in future prospects. In this case, the sale was modest relative to the size of Schmit’s holdings and follows a pattern of small, regular trades over the past month. His most recent purchase on January 27 was a substantial 78,600‑share buy at $0.00 (a proxy for a block trade or an exchange of shares), indicating a continued interest in RPC’s long‑term upside. The fact that the sale was executed at a price only slightly below the current market price—$6.65—suggests that the CFO is not seeking a discount, which can mitigate concerns that he is unloading on a dip.

Implications for Investors and the Company’s Outlook

For investors, Schmit’s activity underscores a broader insider trend: both the Executive Chairman and the CEO sold shares on the same day, while the CFO’s net position remained largely unchanged. This pattern may reflect a routine portfolio realignment rather than a signal of impending weakness. Moreover, RPC’s fundamentals— a 30‑P/E, 1.27 price‑to‑book, and a recent breakout above a key technical indicator—paint a picture of a company in a potential bullish phase. The insider trades should therefore be viewed in context: they are relatively small compared to the total shares outstanding and do not appear to alter the overall ownership concentration significantly.

A Profile of Schmit Michael

Schmit’s transaction history over the past two weeks shows a balance of buying and selling that is typical for a senior executive with a sizeable stake. He purchased 78,600 shares on January 27 at no disclosed price (likely a block trade), followed by two modest sales: 2,194 shares on January 26 and 8,229 shares on January 23, all at market‑price levels around $6.36–$6.43. These moves suggest a disciplined approach, buying when the market dips slightly and selling when the price climbs modestly. The pattern indicates that Schmit views RPC’s share price as a vehicle for wealth accumulation while maintaining a long‑term commitment to the company’s strategy.

Bottom Line

In a market that has just broken a key technical support level and is showing a positive quarterly trend, the CFO’s sale appears to be a routine portfolio adjustment rather than a red flag. For investors, the takeaway is that insider activity is occurring at a scale that does not materially dilute ownership or alter the company’s governance dynamics. RPC’s technical and fundamental indicators continue to support a cautiously optimistic outlook, and the CFO’s balanced trade history reinforces confidence in the company’s long‑term prospects.