Form 4: Royce Micro-Cap Trust Insider Charles Royce Sells Shares
SEC Form 4
Charles Royce, a Senior Advisor at Royce & Associates, sold shares of Royce Micro-Cap Trust, Inc. on May 2, 2025.
Summary
- On May 2, 2025, Charles Royce, a Senior Advisor at Royce & Associates, sold 43,229 shares of Royce Micro-Cap Trust, Inc. (RMT) at a price of $8.33 per share.
- Royce also sold 43,230 shares at the same price on the same day.
- Following these transactions, Royce directly owns 842,199 shares and indirectly owns 464,640 shares through the Royce Charitable Trust.
- He also indirectly owns 35,720 shares through a family investment entity.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. The sales themselves could be interpreted in various ways, but the filing itself is simply a matter of compliance.
Industry Context
Form 4 filings are a routine part of regulatory compliance for individuals with significant holdings in publicly traded companies. These filings provide transparency into insider transactions and are closely monitored by investors.
Stakeholder Impact
- Shareholders may react to the insider selling activity, although the impact is likely to be minimal given the relatively small volume of shares sold compared to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 05/02/2025 | Date of the share sale transactions. |
| 05/05/2025 | Date of signature by Attorney-in-Fact. |
Keywords
Royce Micro-Cap Trust, RMT, Charles Royce, Insider Trading, Share Sale, Beneficial Ownership, Form 4, Securities Exchange Act
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