Form 4: Hennessy Advisors Inc. Director Brian A. Hennessy Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Brian A. Hennessy reports a gift of 1,000 common stock shares and updates to beneficial ownership, including holdings through a trust and spouse's IRA.
Summary
- On March 4, 2025, Brian A. Hennessy, a director of Hennessy Advisors Inc., reported a transaction involving the company's common stock.
- Hennessy gifted 1,000 shares of common stock.
- Following the transaction, Hennessy directly owns 20,645.6834 shares of common stock.
- Hennessy indirectly owns 228,364.5 shares through a trust and 20,645.6834 shares through a spouse's IRA.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting a transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the holdings and transactions of company directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of transaction (gift of common stock) |
| 03/05/2025 | Date of report filing |
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