Form 4: Hennessy Advisors Inc. Director Brian A. Hennessy Reports Stock Transactions

Brian A. Hennessy, a director at Hennessy Advisors Inc., reported the acquisition and disposal of company stock, including shares held directly and indirectly through a trust and spouse's IRA.

Summary

• On September 18, 2024, Brian A. Hennessy acquired 5,600 shares of Hennessy Advisors Inc. common stock at $0 per share.
• These shares are held indirectly through a trust.
• These shares include underlying stock units that will vest 25% per year beginning on September 18, 2025.
• On September 19, 2024, Mr. Hennessy disposed of 2,000 shares of common stock at $0 per share, also held indirectly through a trust.
• Mr. Hennessy directly owns 20,374.3663 shares of common stock.
• Mr. Hennessy indirectly owns 20,374.3663 shares through his spouse's IRA, including 1,012.0935 shares acquired through automatic dividend reinvestments.
• Following these transactions, Mr. Hennessy beneficially owns 238,364.5 shares indirectly through a trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company insiders as an indicator of management's confidence in the company's prospects.

Key Dates