Form 4: Hennessy Advisors Inc. Director Teresa M. Nilsen Reports Stock Sale

Teresa M. Nilsen, President, COO, and Secretary of Hennessy Advisors Inc., reports the sale of 4,000 shares of common stock held indirectly through accounts for her children.

Summary

• On March 28, 2025, Teresa M. Nilsen, President, COO, and Secretary of Hennessy Advisors Inc. (HNNA), reported a transaction involving the sale of common stock.
• Nilsen indirectly disposed of 4,000 shares of common stock at a weighted average price of $10.4174.
• The shares were held in accounts in the names of two of the reporting person's children, and were sold at the discretion of these children.
• Following the transaction, Nilsen continues to beneficially own 140,123 shares directly, 13,425 shares indirectly FBO children, and 1,518 shares indirectly by spouse's IRA.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reporting a stock sale. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in the financial industry. It provides transparency into the trading activities of company executives and directors.

Stakeholder Impact

• The sale of shares by a company officer may be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.

Key Dates

Keywords

Form 4, Beneficial Ownership, HNNA, Hennessy Advisors Inc., Teresa M. Nilsen, Stock Sale, Director, Officer