Form 4: XAI Octagon Floating Rate & Alternative Income Trust: Adviser Personnel Spence Reports Disposition of Shares

John Yogi Spence, an adviser personnel for XAI Octagon Floating Rate & Alternative Income Trust, reports the disposition of 6,000 common shares.

Summary

• On May 21, 2024, John Yogi Spence, an adviser personnel of XAI Octagon Floating Rate & Alternative Income Trust (XFLT), reported a transaction involving the disposition of 6,000 common shares.
• The shares were disposed of at a price of $0.
• Following the transaction, Spence directly owns 531,763.098 common shares.
• Spence also indirectly owns 27,400.74 shares through XMS Holdings LLC, 10,250 shares through XA Investments LLC, and 716.794 shares through a spouse.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a transaction by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company insiders.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects an insider's decision to dispose of shares, although the quantity is relatively small compared to the total outstanding shares.

Key Dates