Form 4: Liberty All-Star Growth Fund President Buys Shares

Mark T. Haley, President of Liberty All-Star Growth Fund Inc., purchased 1,000 shares of common stock at $5.5464 per share.

Summary

• Mark T. Haley, President of Liberty All-Star Growth Fund Inc. (ASG), acquired 1,000 shares of the company's common stock.
• The transaction occurred on October 1, 2025, at a price of $5.5464 per share.
• Following this purchase, Mr. Haley's direct beneficial ownership increased to 140,641.602 shares of common stock.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 8

Explanation: The sentiment is highly positive due to a significant insider purchase by the company's President, signaling strong confidence in the company's future prospects and potentially undervalued stock.

Positives

• The President's purchase of company stock signals strong confidence in the company's future performance and valuation.
• Insider buying can often be interpreted by the market as a positive indicator, suggesting management believes the stock is undervalued or expects positive developments.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance, but the insider purchase implicitly suggests a positive outlook from management regarding the company's future prospects.

Industry Context

Insider purchases, particularly by high-ranking executives like a President, are generally viewed as a strong signal of confidence in the company's prospects within the investment fund industry. This action suggests that management believes the company's shares are a good investment, potentially indicating an expectation of future growth or undervaluation compared to peers.

Comparison to Industry Standards

• Insider buying is a common practice across industries, often interpreted as a positive signal. While specific comparable companies or projects are not detailed in this Form 4, the act of a President purchasing shares aligns with a general market belief that such actions reflect strong internal conviction.
• The transaction volume of 1,000 shares, while not exceptionally large, adds to the President's existing significant holding of over 140,000 shares, reinforcing a long-term commitment.

Stakeholder Impact

• Shareholders may view this insider purchase as a positive signal, potentially increasing their confidence in the company's management and future stock performance.
• Employees might perceive this as a sign of stability and positive outlook from leadership.

Key Dates

Recommendation

The purchase of company stock by a high-ranking executive like the President is a strong indicator of insider confidence. This action suggests that management believes the stock is currently undervalued or expects significant positive developments, making it a compelling 'buy' signal for seasoned investors.

Keywords

Liberty All-Star Growth Fund, ASG, Insider Trading, Stock Purchase, Form 4, Mark T. Haley, Common Stock, Investment Fund