Form 4: Special Opportunities Fund President Andrew Dakos Reports Transaction
SEC Form 4 Filing
Andrew Dakos, President of Special Opportunities Fund, Inc., reports a transaction involving the sale of common stock.
Summary
- Andrew Dakos, the President of Special Opportunities Fund, Inc. (SPE), filed a Form 4 with the SEC.
- The form reports a transaction that occurred on September 20, 2024.
- Dakos sold 377 shares of common stock at a price of $13.741 per share.
- Following the transaction, Dakos directly owns 10,162 shares of common stock.
- He also indirectly owns 4,880 shares through his spouse and 782 shares through his minor children, but disclaims beneficial ownership of these shares.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing reporting a stock sale by an insider, which is neutral in sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects an insider's decision to sell a small portion of their holdings.
Key Dates
| Date | Description |
|---|---|
| 09/20/2024 | Date of the stock sale transaction |
| 09/23/2024 | Date of the Form 4 filing |
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