Form 4: Hennessy Advisors Executive VP Sells Shares in Open Market Transactions

Daniel B. Steadman, Executive VP of Hennessy Advisors, sold a total of 6,100 shares of common stock in two separate transactions on December 18th and 20th, 2024.

Summary

• Daniel B. Steadman, an Executive VP at Hennessy Advisors, sold 3,200 shares of common stock on December 18, 2024, at a weighted average price of $12.1874 per share.
• The price range for the December 18th transaction was between $12.00 and $12.35.
• He then sold an additional 2,900 shares on December 20, 2024, at a weighted average price of $11.7528 per share.
• The price range for the December 20th transaction was between $11.75 and $11.77.
• Following these transactions, Mr. Steadman directly owns 44,342 shares of Hennessy Advisors common stock.
• He also indirectly owns 1,500 shares through a child.

Sentiment

Score: 5

Explanation: The document is a neutral report of insider trading activity. It does not indicate positive or negative sentiment.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who trade their company's stock. It does not indicate any specific trend in the broader industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US.
• The transactions are within the normal range of insider trading activity.
• There is no indication of unusual activity compared to other similar companies.

Stakeholder Impact

• The stock sales by an executive may have a minor negative impact on investor sentiment, but it is unlikely to be significant.

Key Dates

Keywords

Hennessy Advisors, HNNA, insider trading, stock sale, executive VP, Daniel B. Steadman, Form 4, securities