Form 4: C1 Fund Director Boosts Stake with $65K Stock Purchase

C1 Fund Inc. Director Scott A. Reed acquired additional common stock totaling $65,100 across two transactions, increasing his beneficial ownership.

Summary

• Scott A. Reed, a Director of C1 Fund Inc. (CFND), acquired additional shares of common stock.
• On December 4, 2025, Reed purchased 10,000 shares of common stock at $5.21 per share, totaling $52,100. These shares are indirectly owned through the WA Reed Family 2015 Trust, bringing the trust's total beneficial ownership to 65,000 shares.
• On the same date, Reed also purchased 2,500 shares of common stock at $5.25 per share, totaling $13,125. These shares are directly owned, bringing his direct beneficial ownership to 27,500 shares.
• The total value of the acquired shares across both transactions is $65,225.
• The transactions were made pursuant to a contract, instruction, or written plan for the purchase of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 8

Explanation: The acquisition of shares by a director, especially under a Rule 10b5-1 plan, indicates strong insider confidence in the company's future performance and valuation. This is generally viewed very positively by the market.

Positives

• A company director, Scott A. Reed, increased his stake in C1 Fund Inc. by acquiring 12,500 shares, signaling confidence in the company's future.
• The total value of the shares acquired was $65,225, demonstrating management's financial commitment to the company.
• The transactions were executed under a Rule 10b5-1 plan, indicating a pre-planned investment strategy and potentially a long-term positive outlook.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The indirect acquisition of 10,000 shares was made through the WA Reed Family 2015 Trust, which is a related party to Director Scott A. Reed.

Stakeholder Impact

• Shareholders may view this insider buying as a positive signal, potentially increasing confidence in the company's stock.
• The transaction demonstrates management's alignment with shareholder interests through direct equity ownership.

Key Dates

Recommendation

The director's decision to increase his stake in C1 Fund Inc. through open market purchases, totaling $65,225, suggests strong conviction in the company's intrinsic value and future growth potential. Insider buying, particularly from a director, often precedes positive company developments or reflects a belief that the stock is currently undervalued. This action aligns management's interests with shareholders and provides a strong signal for investors to consider a 'buy' position.

Keywords

C1 Fund Inc., CFND, Scott A. Reed, Director, insider buying, stock purchase, Form 4, beneficial ownership, Rule 10b5-1, equity acquisition