Form 4: Director Garry Moody Buys AFB Shares

AllianceBernstein National Municipal Income Fund Director Garry L. Moody acquired 13,500 shares of common stock through two separate transactions.

Summary

• Garry L. Moody, a Director of AllianceBernstein National Municipal Income Fund (AFB), acquired common stock.
• On October 31, 2025, Moody purchased 9,000 shares of Common Stock at a price of $11.08 per share.
• On the same date, Moody purchased an additional 4,500 shares of Common Stock at a price of $11.0638 per share.
• Following these transactions, Moody beneficially owns a total of 13,500 shares of Common Stock.
• The transactions were made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.

Sentiment

Score: 8

Explanation: A director's direct purchase of a significant number of shares signals strong confidence in the company's valuation and future prospects, which is generally viewed positively by the market.

Positives

• A Director's purchase of company stock indicates confidence in the company's future prospects and valuation.
• The transactions were executed under a Rule 10b5-1 plan, suggesting a pre-planned investment strategy rather than opportunistic timing.

Corporate Governance

Stakeholder Impact

• Shareholders: The director's purchase may be interpreted as a positive signal, potentially increasing investor confidence and demand for the stock.

Key Dates

Recommendation

The director's acquisition of a significant block of shares signals strong confidence in the company's future performance and valuation. Such insider buying is often a positive indicator for investors, suggesting that those closest to the company believe its stock is undervalued or poised for growth.

Keywords

AllianceBernstein, AFB, Garry L. Moody, Director, Insider Trading, Stock Purchase, Form 4, Beneficial Ownership, Municipal Income Fund, Rule 10b5-1