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Filing Details

Accession Number:: 0001193805-20-001565
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-12-17 21:59:23
Reporting Period:: 2020-07-15

Accepted Time:: 2020-12-17 21:59:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1041024	Rockwell Medical Inc.	RMTI	Pharmaceutical Preparations (2834)	383317208

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1540462	Richmond Brothers, Inc.	3568 Wildwood Avenue Jackson MI 49202	No	No	No	Yes
1697890	Rbi Private Investment Ii, Llc	3568 Wildwood Avenue Jackson MI 49202	No	No	No	Yes
1698614	S. David Richmond	3568 Wildwood Avenue Jackson MI 49202	No	No	Yes	Yes
1698617	J. Matthew Curfman	3568 Wildwood Avenue Jackson MI 49202	No	No	No	Yes
1698718	Rbi Pi Manager, Llc	3568 Wildwood Avenue Jackson MI 49202	No	No	Yes	Yes
1698720	Rbi Private Investment I, Llc	3568 Wildwood Avenue Jackson MI 49202	No	No	No	Yes
1698822	Plan Sharing Profit 401(K) Brothers Richmond	3568 Wildwood Avenue Jackson MI 49202	No	No	No	Yes
1755611	Rbi Opportunities Fund, Llc	3568 Wildwood Avenue Jackson MI 49202	No	No	No	Yes
1772258	Rbi Opportunities Fund Ii, Llc	3568 Wildwood Avenue Jackson MI 49202	No	No	No	Yes

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2020-12-15	234,145	$1.11	3,651,658	No	4	S	Indirect	By: The RBI Opportunities Fund, LLC
Common Stock	Disposition	2020-12-15	43,979	$1.10	1,611,780	No	4	S	Indirect	By: The RBI Opportunities Fund II, LLC
Common Stock	Disposition	2020-12-16	185,855	$1.01	3,465,803	No	4	S	Indirect	By: The RBI Opportunities Fund, LLC
Common Stock	Disposition	2020-12-16	136,021	$1.01	1,475,759	No	4	S	Indirect	By: The RBI Opportunities Fund II, LLC
Common Stock	Disposition	2020-12-16	100,000	$1.02	64,841	No	4	S	Indirect	By: RBI Private Investment I, LLC
Common Stock	Disposition	2020-12-16	100,000	$1.02	61,278	No	4	S	Indirect	By: Richmond Brothers, Inc.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By: The RBI Opportunities Fund, LLC
No	4	S	Indirect	By: The RBI Opportunities Fund II, LLC
No	4	S	Indirect	By: The RBI Opportunities Fund, LLC
No	4	S	Indirect	By: The RBI Opportunities Fund II, LLC
No	4	S	Indirect	By: RBI Private Investment I, LLC
No	4	S	Indirect	By: Richmond Brothers, Inc.

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	38,490	Indirect	By: RBI Private Investment II, LLC
Common Stock	108,628	Indirect	By: Richmond Brothers 401(k) Profit Sharing Plan
Common Stock	29,787	Indirect	By: Spouse of David S. Richmond
Common Stock	797	Indirect	By: Daughter of David S. Richmond
Common Stock	7	Indirect	By: Son of David S. Richmond
Common Stock	52,837	Indirect	By: Matthew J. Curfman
Common Stock	38,300	Indirect	By: Spouse of Matthew J. Curfman

Footnotes

This Form 4 is filed jointly by RBI Private Investment I, LLC ("RBI PI"), RBI Private Investment II, LLC ("RBI PII"), The RBI Opportunities Fund, LLC ("RBI Opportunities"), The RBI Opportunities Fund II, LLC ("RBI Opportunities II"), RBI PI Manager, LLC ("RBI Manager"), Richmond Brothers 401(k) Profit Sharing Plan ("RBI Plan"), Richmond Brothers, Inc. ("Richmond Brothers"), David S. Richmond and Matthew J. Curfman (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock.
Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Represents securities directly owned by RBI Opportunities. RBI Manager, as the manager of RBI Opportunities, may be deemed to beneficially own the securities owned directly by RBI Opportunities. Mr. Richmond, as the manager of RBI Manager, may be deemed to beneficially own the securities owned directly by RBI Opportunities.
Represents securities directly owned by RBI Opportunities II. RBI Manager, as the manager of RBI Opportunities II, may be deemed to beneficially own the securities owned directly by RBI Opportunities II. Mr. Richmond, as the manager of RBI Manager, may be deemed to beneficially own the securities owned directly by RBI Opportunities II.
Represents securities directly owned by RBI PI. RBI Manager, as the manager of RBI PI, may be deemed to beneficially own the securities owned directly by RBI PI. Mr. Richmond, as the manager of RBI Manager, may be deemed to beneficially own the securities owned directly by RBI PI.
Represents securities directly owned by Richmond Brothers. Mr. Richmond, as the Chairman of Richmond Brothers, may be deemed to beneficially own the securities owned directly by Richmond Brothers. Mr. Curfman as the President of Richmond Brothers, may be deemed to beneficially own the securities owned directly by Richmond Brothers.
Not reported herein are shares of Common Stock held in certain accounts managed by Richmond Brothers (the "Separately Managed Accounts"). Richmond Brothers is entitled to a management fee from the Separately Managed Accounts based solely on the value of assets under management. Accordingly, neither Richmond Brothers nor any other Reporting Person has a pecuniary interest in any of the shares held in the Separately Managed Accounts for purposes of Section 16.
Represents securities directly owned by RBI PII. RBI Manager, as the manager of RBI PII, may be deemed to beneficially own the securities owned directly by RBI PII. Mr. Richmond, as the manager of RBI Manager, may be deemed to beneficially own the securities owned directly by RBI PII.
Represents securities directly owned by RBI Plan. Messrs. Richmond and Curfman, as trustees of RBI Plan, may be deemed to beneficially own the securities owned directly by RBI Plan.
Represents securities directly owned by Mr. Richmond's spouse. Mr. Richmond may be deemed to beneficially own the securities owned directly by his spouse.
Represents securities directly owned by Mr. Richmond's daughter. Mr. Richmond may be deemed to beneficially own the securities owned directly by his daughter.
Represents securities directly owned by Mr. Richmond's son. Mr. Richmond may be deemed to beneficially own the securities owned directly by his son.
Represents securities directly owned by Mr. Curfman's spouse. Mr. Curfman may be deemed to beneficially own the securities owned directly by his spouse.
The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.10 to $1.145. The ReportingPersons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, fullinformation regarding the number of shares sold at each separate price within the ranges set forth in footnotes 14, 15, and 16 to this Form 4.
The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.00 to $1.04. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 14, 15, and 16 to this Form 4.
The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.00 to $1.03. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 14, 15, and 16 to this Form 4.