Form 4: Insider Purchase: Robert Milas Buys ASG Shares

Robert Milas, an Access Person of Liberty All-Star Growth Fund, acquired 1,900 shares of common stock.

Summary

• Robert Milas, identified as an Access Person of the Fund, purchased 1,900 shares of Liberty All-Star Growth Fund (ASG) common stock.
• The transaction occurred on May 8, 2026, at a price of $5.255 per share.
• Following this transaction, the reporting person's total beneficial ownership increased to 6,825.881 shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral-to-positive event, as insider buying generally reflects confidence in the fund's value, though the volume is relatively small.

Positives

• Insider confidence is demonstrated through the purchase of 1,900 shares by an Access Person of the fund.

Negatives

• None identified.

Risks

• Market risk associated with the underlying assets held by the Liberty All-Star Growth Fund.

Future Outlook

Not applicable as this is a routine insider transaction filing.

Industry Context

StockSavvy.ai notes that insider buying in closed-end funds is often viewed as a signal of alignment between internal personnel and fund performance, though it is a standard regulatory disclosure.

Comparison to Industry Standards

• The transaction is consistent with standard regulatory requirements for reporting insider activity under Section 16(a) of the Securities Exchange Act.

Stakeholder Impact

• Shareholders may view the insider purchase as a positive signal of internal confidence in the fund.

Next Steps

• No further actions required by the reporting person other than ongoing compliance with Section 16 reporting.

Key Dates

Keywords

ASG, Liberty All-Star Growth Fund, Insider Trading, Form 4, Equity Purchase