Form 4: Royce Global Trust Sr. Advisor Sells Shares

A senior advisor at Royce Global Trust, Charles M. Royce, reported the sale of 8,432 shares of common stock for $12.61 per share, executed under a Rule 10b5-1 plan.

Summary

• Charles M. Royce, a Senior Advisor at Royce & Associates, reported a transaction involving Royce Global Trust, Inc. (RGT) common stock.
• On November 5, 2025, Mr. Royce disposed of 8,432 shares of common stock at a price of $12.61 per share.
• This transaction was executed pursuant to a Rule 10b5-1(c) plan, which indicates a pre-arranged trading plan.
• Following the sale, Mr. Royce beneficially owns 690,914 shares indirectly through a family investment entity.
• Additionally, Mr. Royce indirectly beneficially owns 122,881 shares held in the Royce Charitable Trust.
• The reporting person disclaims beneficial ownership of the portion of shares owned by the family investment entity in which he has no pecuniary interest.

Sentiment

Score: 5

Explanation: A neutral score. While an insider sale can be seen as slightly negative, the execution under a Rule 10b5-1 plan suggests a pre-planned liquidity event rather than a reaction to adverse company news, thus mitigating negative sentiment.

Positives

• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-scheduled sale rather than a reaction to new, negative information, which often mitigates concerns about insider sentiment.

Negatives

• An insider sale, even if planned, reduces the insider's direct stake in the company, which can sometimes be perceived negatively by investors as it lessens direct alignment with shareholder interests.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may note the reduction in direct insider holdings, though the execution under a 10b5-1 plan mitigates concerns about management's confidence in the company's future prospects.

Key Dates

Keywords

Royce Global Trust, RGT, Form 4, insider trading, beneficial ownership, stock sale, Charles M. Royce, 10b5-1 plan