RFMZ / RiverNorth Flexible Municipal Income Fund II, Inc. - Insider Trading and Ownership Report - SEC Form 3, 4, 5

RiverNorth Flexible Municipal Income Fund II, Inc.
US ˙ NYSE ˙ US76883Y1073

Total Insiders22
Insider Sentiment Score

The Insider Sentiment Score finds the companies being bought by corporate insiders.

It is the result of a sophisticated, multi-factor quantitative model that identifies companies with the highest levels of insider accumulation. The scoring model uses a combination of the net number of insiders buying the prior 90 days, the total shares bought as a percentage of float, and the total shares owned by insiders. The number ranges from 0 to 100, with higher numbers indicating a higher level of accumulation to its peers, and 50 being the average.

Update Frequency: Daily

See Insiders Top Picks, which provides a list of companies with highest insider accumulation.

Officer Sentiment Score

The Officer Sentiment Score finds companies being bought by Corporate Officers.

By definition Corporate Officers are Corporate Insiders, but unlike some of the other Insiders (10% Shareholders and Board Members), Officers work for the company on a daily basis, and they user their own money when trading. (10% Shareholders and Board Members are often fund managers managing other people’s money.) As such, insider trades made by Officers are much more significant and should be treated appropriately.

Like the Insider Sentiment Score, the Officer Sentiment Score is the result of a sophisticated, multi-factor quantitative model that identifies companies with the highest levels of officer accumulation.

Update Frequency: Daily

See Insiders Top Picks, which provides a list of companies with highest insider sentiment.

Key Insider Metrics

This card shows how the company ranks along various insider metrics. The percentile rank shows how this company compares to other companies in the US markets. Higher rankings are indicative of better situations.

For example, it is generally accepted that insider buying is a positive indicator, so companies with more insider buying would rank higher than companies with less insider buying (or even insider selling).

Net Number of Insiders Buying (Rank)

N/A

Net Number of Insiders Buying is the total number of insiders buying minus the total number of insiders selling in the last 90 days. The percentile rank is shown here (range from 0 to 100%).

Percent of Float Bought by Insiders (Rank)

N/A

Percent of Float Bought by Insiders is the total number of shares purchased by insiders minus the total number of shares sold by insiders in the last 90 days, divided by the total float and multiplied by 100.

Insider Trading Chart

RiverNorth Flexible Municipal Income Fund II, Inc. insider trades are shown in the following chart. Insiders are officers, directors, or significant investors in a company. In general, it is generally illegal for insiders to make trades in their companies based on material, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4.

Insider Roster and Profitability Metrics

This table shows the list known insiders, and is generated automatically from filings disclosed to the SEC. In addition to the names, most recent title, and director, officer, or 10% owner designation, we provide the latest disclosed holdings. Additionally, when possible we provide the historical trade performance for the insider. The historical trade performance is a weighted average of the performance of actual open-market purchase transactions made by the insider. For more information on how this is calculated, watch this YouTube webinar.

See our leaderboard of most profitable insider traders.

Insider Avg Profit (%) Shares
Owned
Split
Adjusted
Jonathan Paul Browne - 725 725
Robert Patrick Burke Portfolio Manager - [O] 0 0
John K Carter Director - [D] 0 0
Marcus L Collins - 0 0
Robert A Dimella - 10,000 10,000
David Dowden Portfolio Manager - [O] 0 0
Galley Patrick W. President, Director - [D] [O] 16,000 16,000
Insider Avg Profit (%) Shares
Owned
Split
Adjusted
John Wayne Hutchens Director - [D] 4,000 4,000
John M Loffredo Portfolio Manager - [O] 0 0
John J Lawlor Portfolio Manager - [O] 0 0
Mackay Shields Llc Sub-Adviser - [O] 0 0
Mohrhardt Jonathan M. Treasurer - [O] 0 0
Lisa Bruckert Mougin Director - [D] 0 0
Stephen Andrew O'Neill - 25,000 25,000
Insider Avg Profit (%) Shares
Owned
Split
Adjusted
Oakes John S. Director - [D] 500 500
Michael Petty Portfolio Manager - [O] 0 0
Rivernorth Capital Management, Llc - 0 0
Jerry Raio Director - [D] 0 0
RiverNorth Strategic Holdings, LLC - 170,683 170,683
Brian H Schmucker - 0 0
Scott Sprauer - 0 0
David Swanson Director - [D] 0 0

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Track Records of Insider Purchases - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in RFMZ / RiverNorth Flexible Municipal Income Fund II, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical .

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Max
Price at
Max
Max
Profit ($)
Max Return (%)
2025-07-18 O'Neill Stephen Andrew 3,000 12.5700 3,000 12.5700 37,710 26 12.9300 1,080 2.86
2025-07-18 O'Neill Stephen Andrew 2,000 12.5691 2,000 12.5691 25,138
2025-07-17 O'Neill Stephen Andrew 935 12.5843 935 12.5843 11,766
2025-07-17 O'Neill Stephen Andrew 2,000 12.6298 2,000 12.6298 25,260
2025-07-17 O'Neill Stephen Andrew 2,065 12.5900 2,065 12.5900 25,998
2025-07-16 O'Neill Stephen Andrew 500 12.6800 500 12.6800 6,340
2025-07-16 O'Neill Stephen Andrew 5,000 12.7056 5,000 12.7056 63,528
2025-07-16 O'Neill Stephen Andrew 500 12.7043 500 12.7043 6,352
2025-07-16 O'Neill Stephen Andrew 2,500 12.6700 2,500 12.6700 31,675

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RFMZ / RiverNorth Flexible Municipal Income Fund II, Inc. Insider Trades
Track Records of Insider Sales - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in RFMZ / RiverNorth Flexible Municipal Income Fund II, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical .

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Min
Price at
Min
Max Loss
Avoided ($)
Max Loss
Avoided (%)
2024-05-10 Sprauer Scott 2,000 13.9000 2,000 13.9000 27,800 333 12.2200 -3,360 -12.09
2023-08-29 Sprauer Scott 2,000 13.5230 2,000 13.5230 27,046
2021-04-05 RIVERNORTH CAPITAL MANAGEMENT, LLC 3,600 22.3400 3,600 22.3400 80,424
2021-03-26 RIVERNORTH CAPITAL MANAGEMENT, LLC 2,200 22.2700 2,200 22.2700 48,994
2021-03-24 RIVERNORTH CAPITAL MANAGEMENT, LLC 1,385 22.2100 1,385 22.2100 30,761
2021-03-23 RIVERNORTH CAPITAL MANAGEMENT, LLC 2,425 22.1800 2,425 22.1800 53,786
2021-03-22 RIVERNORTH CAPITAL MANAGEMENT, LLC 900 22.2000 900 22.2000 19,980

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RFMZ / RiverNorth Flexible Municipal Income Fund II, Inc. Insider Trades
Transaction History

Click the link icon to see the full transaction history. Transactions reported as part of a 10b5-1 automatic trading plan will have an X in the column marked 10b-5.

File
Date
Trade
Date
Form Insider Ticker Security Title Code 10b5-1 Direct Exercise
Price
Unit
Price
Units
Changed
Value
Changed (1K)
Remaining
Options
Remaining
Shares
2025-07-21 2025-07-17 4/A O'Neill Stephen Andrew RFMZ Common Shares of Beneficial Interest P - Purchase D 12.5843 935 12 25,000
2025-07-21 2025-07-17 4/A O'Neill Stephen Andrew RFMZ Common Shares of Beneficial Interest P - Purchase D 12.6298 2,000 25 24,065
2025-07-21 2025-07-17 4/A O'Neill Stephen Andrew RFMZ Common Shares of Beneficial Interest P - Purchase D 12.5900 2,065 26 22,065
2025-07-21 2025-07-18 4 O'Neill Stephen Andrew RFMZ Common Shares of Beneficial Interest P - Purchase D 12.5700 3,000 38 30,000
2025-07-21 2025-07-18 4 O'Neill Stephen Andrew RFMZ Common Shares of Beneficial Interest P - Purchase D 12.5691 2,000 25 27,000
2025-07-17 2025-07-16 4 O'Neill Stephen Andrew RFMZ Common Shares of Beneficial Interest P - Purchase D 12.6800 500 6 20,000
2025-07-17 2025-07-16 4 O'Neill Stephen Andrew RFMZ Common Shares of Beneficial Interest P - Purchase D 12.7056 5,000 64 19,500
2025-07-17 2025-07-16 4 O'Neill Stephen Andrew RFMZ Common Shares of Beneficial Interest P - Purchase D 12.7043 500 6 14,500
2025-07-17 2025-07-16 4 O'Neill Stephen Andrew RFMZ Common Shares of Beneficial Interest P - Purchase D 12.6700 2,500 32 14,000
2025-07-17 2025-07-16 4 O'Neill Stephen Andrew RFMZ Common Shares of Beneficial Interest P - Purchase D 12.7095 1,500 19 11,500
2025-07-10 3/A RiverNorth Strategic Holdings, LLC RFMZ Common Shares of Beneficial Interest D 170,683
2025-04-11 2025-04-10 4 Browne Jonathan Paul RMMZ Common Stock P - Purchase D 13.9400 725 10 725
2024-11-29 3 RiverNorth Strategic Holdings, LLC RFMZ Common Shares of Beneficial Interest D 2,380,174
2024-11-27 2024-11-22 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest J - Other D -170,683 0
2024-10-01 3 Browne Jonathan Paul RFMZ RiverNorth Flexible Municipal Income Fund II, Inc. D 1,250
2024-05-13 2024-05-10 4 Sprauer Scott RFMZ Common Stock S - Sale D 13.9000 -2,000 -28 0
2023-12-28 2023-12-27 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.2377 22,545 298 165,683
2023-12-22 2023-12-21 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.3160 17,662 235 143,138
2023-12-21 2023-12-20 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.3800 17,662 236 125,476
2023-12-21 2023-12-19 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.3594 17,181 230 107,814
2023-12-18 2023-12-15 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.4000 5,659 76 90,633
2023-12-15 2023-12-14 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.3300 11,631 155 84,974
2023-12-11 2023-12-08 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.3999 14,290 191 73,343
2023-08-30 2023-08-29 4 Sprauer Scott RFMZ Common Stock S - Sale D 13.5230 -2,000 -27 2,000
2023-06-12 2023-06-09 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.5235 5,236 71 59,053
2023-06-05 2023-06-02 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.3200 5,880 78 53,817
2023-05-26 2023-05-25 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.1973 8,403 111 47,907
2023-05-24 2023-05-24 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.2499 8,403 111 39,504
2023-05-24 2023-05-23 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.4100 8,403 113 31,101
2023-05-12 2023-05-11 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.4200 6,116 82 22,698
2023-05-10 2023-05-10 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.4160 10,061 135 16,582
2023-05-10 2023-05-09 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.3289 5,336 71 6,521
2023-05-02 2023-05-01 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.2900 500 7 1,185
2023-05-02 2023-05-01 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.2800 385 5 685
2023-05-02 2023-05-01 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMZ Common Shares of Beneficial Interest A - Award D 13.2600 300 4 300
2022-11-10 3 Mougin Lisa Bruckert RFMZ No securities beneficially owned D 0
2022-10-04 2022-10-03 4 Galley Patrick W. RFMZ Common Stock P - Purchase D 13.5900 2,812 38 16,000
2022-10-04 2022-10-03 4 Galley Patrick W. RFMZ Common Stock P - Purchase D 13.5800 300 4 13,188
2022-10-04 2022-10-03 4 Galley Patrick W. RFMZ Common Stock P - Purchase D 13.5900 100 1 12,888
2022-10-04 2022-10-03 4 Galley Patrick W. RFMZ Common Stock P - Purchase D 13.5700 63 1 12,788
2022-10-04 2022-10-03 4 Galley Patrick W. RFMZ Common Stock P - Purchase D 13.6000 3,725 51 12,725
2022-10-03 2022-09-30 4 Galley Patrick W. RFMZ Common Stock P - Purchase D 13.3200 1,000 13 9,000
2022-10-03 2022-09-30 4 Galley Patrick W. RFMZ Common Stock P - Purchase D 13.2000 999 13 8,000
2022-10-03 2022-09-30 4 Galley Patrick W. RFMZ Common Stock P - Purchase D 13.2000 1 0 7,001
2022-09-30 2022-09-28 4 Galley Patrick W. RFMZ Common Stock P - Purchase D 13.5800 1,000 14 7,000
2022-09-30 2022-09-28 4 Galley Patrick W. RFMZ Common Stock P - Purchase D 13.5700 1,000 14 6,000
2022-05-06 2022-05-05 4 Galley Patrick W. RFMZ Common Stock P - Purchase D 14.6500 5,000 73 10,000
2022-05-06 2022-05-05 4 Galley Patrick W. RFMZ Common Stock P - Purchase D 14.6000 2,500 36 5,000
2022-05-06 2022-05-05 4 Galley Patrick W. RFMZ Common Stock P - Purchase D 14.6900 2,500 37 2,500
2022-05-04 2022-04-28 4 O'Neill Stephen Andrew RFMZ Common Shares of Beneficial Interest A - Award D 15.1200 100 2 10,000
2022-05-04 2022-04-28 4 O'Neill Stephen Andrew RFMZ Common Shares of Beneficial Interest A - Award D 15.1300 9,900 150 9,900
2022-04-13 2022-04-11 4 Sprauer Scott RFMZ Common Stock P - Purchase D 15.8800 2,000 32 4,000
2022-04-13 2022-04-11 4 DIMELLA ROBERT A RFMZ Common Stock P - Purchase D 15.8500 10,000 158 10,000
2022-04-05 2022-04-04 4 Sprauer Scott RFMZ Common Stock P - Purchase D 16.5280 2,000 33 2,000
2021-11-26 2021-11-24 4 HUTCHENS JOHN WAYNE RFMZ Common Stock P - Purchase D 20.0450 1,600 32 4,000
2021-05-27 2021-05-14 4 HUTCHENS JOHN WAYNE RFMZ Common Stock P - Purchase D 20.2100 2,400 49 2,400
2021-04-06 2021-04-05 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFM Common Stock S - Sale D 22.3400 -3,600 -80 223,084
2021-03-30 2021-03-26 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFM Common Stock S - Sale D 22.2700 -2,200 -49 226,684
2021-03-26 2021-03-24 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFM Common Stock S - Sale D 22.2100 -1,385 -31 228,884
2021-03-24 2021-03-23 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFM Common Stock S - Sale D 22.1800 -2,425 -54 230,269
2021-03-24 2021-03-22 4 RIVERNORTH CAPITAL MANAGEMENT, LLC RFM Common Stock S - Sale D 22.2000 -900 -20 232,694
2021-02-26 2021-02-24 4 Oakes John S. RFMZ Common Stock P - Purchase D 20.0000 500 10 500
2021-02-23 3 MACKAY SHIELDS LLC RFMZ Common Stock D 0
2021-02-23 3 Sprauer Scott RFMZ Common Stock D 0
2021-02-23 3 Burke Robert Patrick RFMZ Common Stock D 0
2021-02-23 3 DIMELLA ROBERT A RFMZ Common Stock D 0
2021-02-23 3 Petty Michael RFMZ Common Stock D 0
2021-02-23 3 LOFFREDO JOHN M RFMZ Common Stock D 0
2021-02-23 3 Lawlor John J RFMZ Common Stock D 0
2021-02-23 3 Dowden David RFMZ Common Stock D 0
2021-01-13 3 Oakes John S. RFMX No securities beneficially owned D 0
2021-01-13 3 Raio Jerry RFMX No securities beneficially owned D 0
2021-01-13 3 Mohrhardt Jonathan M. RFMX No securities beneficially owned D 0
2021-01-13 3 Collins Marcus L RFMX No securities beneficially owned D 0
2021-01-13 3 RIVERNORTH CAPITAL MANAGEMENT, LLC RFMX No securities beneficially owned D 0
2021-01-13 3 O'Neill Stephen Andrew RFMX No securities beneficially owned D 0
2021-01-13 3 Schmucker Brian H RFMX No securities beneficially owned D 0
2021-01-13 3 CARTER JOHN K RFMX No securities beneficially owned D 0
2021-01-13 3 HUTCHENS JOHN WAYNE RFMX No securities beneficially owned D 0
2021-01-13 3 Galley Patrick W. RFMX No securities beneficially owned D 0
2021-01-13 3 Swanson David RFMX No securities beneficially owned D 0
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)
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