Form 4: President Buys ASG Shares Under 10b5-1 Plan

Liberty All-Star Growth Fund President Mark T. Haley acquired 2,000 shares of common stock at $5.345 per share under a pre-arranged plan.

Summary

• Mark T. Haley, President of Liberty All-Star Growth Fund Inc. (ASG), acquired 2,000 shares of the company's common stock.
• The transaction occurred on December 30, 2025, with shares purchased at a price of $5.345 each.
• This purchase was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading strategy.
• Following this transaction, Mr. Haley beneficially owns a total of 142,641.602 shares of Liberty All-Star Growth Fund Inc. common stock.

Sentiment

Score: 7

Explanation: The insider purchase by the President is a positive signal of confidence in the company's future, especially given it's under a 10b5-1 plan, suggesting a pre-planned, long-term view.

Positives

• President Mark T. Haley purchased 2,000 shares of common stock, signaling confidence in the company's future prospects.
• The transaction was executed under a Rule 10b5-1(c) plan, suggesting a pre-planned, long-term investment strategy rather than a reaction to immediate market events.

Future Outlook

This Form 4 filing does not contain explicit forward-looking statements or guidance, as it primarily reports an insider transaction.

Management Comments

• The purchase of shares by President Mark T. Haley under a 10b5-1 plan implicitly signals management's belief in the long-term value and prospects of Liberty All-Star Growth Fund Inc.

Industry Context

Insider buying, particularly by high-ranking executives like a President, is often viewed by the market as a positive indicator of management's confidence in the company's future performance. For investment funds, such transactions can reinforce investor trust in the fund's strategy and underlying holdings.

Related Party Transactions

• The acquisition of 2,000 shares of common stock by Mark T. Haley, President of Liberty All-Star Growth Fund Inc., constitutes an insider transaction.

Stakeholder Impact

• Shareholders: May view the insider purchase as a positive signal, potentially increasing confidence in the company's stock.
• Employees: Could interpret the President's investment as a sign of stability and belief in the company's future.

Key Dates

Recommendation

The insider purchase by President Mark T. Haley is a positive signal, indicating management's confidence in Liberty All-Star Growth Fund Inc. However, a single transaction, even by a high-ranking executive, typically warrants a 'hold' recommendation rather than a 'buy' or 'strong buy' unless it represents a significant portion of the insider's net worth or is part of a broader pattern of insider buying across multiple executives. Investors should consider this alongside other fundamental and technical analysis before making investment decisions.

Keywords

Liberty All-Star Growth Fund, ASG, Insider Trading, Form 4, Stock Purchase, Mark T. Haley, 10b5-1 Plan, Investment Fund