Form 4: Director at Private Shares Fund Acquires Shares in Open Market Transaction

Herbert William Morgan, a director at Private Shares Fund, acquired 465.333 shares of beneficial interest at a price of $42.98 per share on January 30, 2025.

Summary

• On January 30, 2025, Herbert William Morgan, a director of Private Shares Fund, purchased 465.333 shares of beneficial interest.
• The purchase price was $42.98 per share.
• Following the transaction, Mr. Morgan directly owns 837.819 shares of beneficial interest.

Sentiment

Score: 7

Explanation: The document reflects a positive sentiment as a director is purchasing shares, indicating confidence. However, it's a routine filing, so the sentiment is not extremely high.

Positives

• A director's purchase of shares can be seen as a positive signal of confidence in the company's future prospects.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the trading activities of directors and officers.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies and investment funds, ensuring transparency in insider trading.
• The transaction is typical for a director acquiring shares in their own company.

Stakeholder Impact

• The purchase of shares by a director may positively influence shareholder confidence.

Key Dates

Keywords

Private Shares Fund, Director Share Purchase, Beneficial Interest, Form 4, Insider Trading