Form 4: Director Herbert William Morgan Executes Transaction in Private Shares Fund (PIIVX)

Director Herbert William Morgan reports a transaction involving shares of Private Shares Fund (PIIVX) on September 18, 2024.

Summary

• On September 18, 2024, Herbert William Morgan, a director of Private Shares Fund (PIIVX), engaged in a transaction involving shares of beneficial interest.
• Morgan acquired 372.486 shares at a price of $40.27 per share.
• Following the reported transaction, Morgan directly owns 372.486 shares of the fund.

Sentiment

Score: 5

Explanation: This is a routine disclosure of a transaction by a company director. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. These filings provide transparency to the market regarding insider activity.

Stakeholder Impact

• The transaction provides shareholders with insight into the actions of a company director.

Key Dates

Keywords

Form 4, Private Shares Fund, PIIVX, Director, Herbert William Morgan, Beneficial Ownership, Securities Transaction