Form 4: Hennessy Advisors CFO Gifts Shares Under 10b5-1 Plan

Hennessy Advisors' SVP and CFO, Kathryn Fahy, reported gifting 2,000 shares of common stock on December 10, 2025, under a Rule 10b5-1 plan.

Summary

• Kathryn Fahy, Senior Vice President and Chief Financial Officer of Hennessy Advisors Inc. (HNNA), reported a disposition of common stock.
• On December 10, 2025, Fahy gifted 2,000 shares of HNNA common stock.
• The transaction was executed at a price of $0 per share.
• Following this transaction, Fahy directly beneficially owns 70,688.93 shares of common stock.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The filing reports a personal insider transaction (a gift of shares) which is generally neutral regarding the company's operational performance or financial health. It does not indicate positive or negative sentiment towards the company itself.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This insider transaction is a routine disclosure for personal stock movements by corporate officers and does not inherently reflect broader industry trends or competitive positioning within the asset management sector.

Related Party Transactions

• Kathryn Fahy, SVP and CFO, gifted 2,000 shares of common stock. While the recipient is not specified, gifts are often made to family members or charitable organizations, which could be considered related parties.

Stakeholder Impact

• Shareholders: A disposition of 2,000 shares represents a negligible change in the total outstanding shares and is unlikely to have any material impact on existing shareholders.
• Employees: No direct impact on employees is indicated by this personal transaction.

Key Dates

Keywords

Hennessy Advisors, HNNA, Kathryn Fahy, Insider Transaction, Form 4, Stock Gift, 10b5-1 Plan, Common Stock