Form 4: Director Daniel Doyle Acquires Shares in Private Shares Fund

Director Daniel Doyle acquired 465.116 shares of Private Shares Fund for $20,000 on January 24, 2025.

Summary

• Daniel Doyle, a director of Private Shares Fund, acquired 465.116 shares of beneficial interest, Class I.
• The transaction occurred on January 24, 2025.
• The total value of the shares acquired was $20,000.
• The shares were acquired at a price of $20,000 for 465.116 shares.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for a director's share purchase, which is neither positive nor negative in itself.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders when they trade shares of their company. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies and investment funds, ensuring transparency of insider trading.
• The transaction is typical for a director acquiring shares, and the filing is consistent with SEC regulations.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director's trading activity.

Key Dates

Keywords

Private Shares Fund, Director, Share Acquisition, Beneficial Ownership, Daniel Doyle, PIIVX