Virtus ACV manager sells 10.5K shares, exits stake

Virtus Diversified Income & Convertible Fund (ACV) reported that portfolio manager Justin Kass filed an amended Form 4 to correct the transaction code, confirming a sale of fund shares.

Rhea-AI Filing Summary

Virtus Diversified Income & Convertible Fund (ACV) reported that portfolio manager Justin Kass filed an amended Form 4 to correct the transaction code, confirming a sale of fund shares. On 2026-08-10, Kass sold 10,484.0697 shares of ACV in an open-market or private transaction at $27.3723 per share, reducing his directly held position to 0 shares.

Insider Trade Summary

Net Seller: 10,484.0697 shares

Net Sell 1 txn

Insider KASS JUSTIN

Role Insider

Sold 10,484.0697 shs ($287K)

Type	Security	Shares	Price	Value
Sale	Virtus Diversified Income & Convertible Fund	10,484.0697	$27.3723	$287K

Holdings After Transaction: Virtus Diversified Income & Convertible Fund — 0 shares (Direct)

Key Figures

Shares sold: 10,484.0697 shares Sale price per share: $27.3723 per share Shares held after transaction: 0.0000 shares +2 more

5 metrics

Shares sold 10,484.0697 shares Non-derivative ACV shares sold by Justin Kass on 2026-08-10

Sale price per share $27.3723 per share Price for the 2026-08-10 sale of ACV shares

Shares held after transaction 0.0000 shares Direct ACV holdings of Justin Kass following the sale

Transactions reported as sales 1 sale transaction Single non-derivative transaction with code S on 2026-08-10

Net buy/sell shares -10,484.0697 shares Net effect across all reported transactions is a net sell

Key Terms

Form 4/A, transaction code, open market or private transaction

3 terms

Form 4/A regulatory

"reported that portfolio manager Justin Kass filed an amended Form 4"

Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.

transaction code regulatory

"Amending to correct transaction Code from D to S"

open market or private transaction financial

"transaction_code_description": "Sale in open market or private transaction"

FAQ

What insider transaction did ACV report for Justin Kass on this amended Form 4?

The amended Form 4 reports that Justin Kass sold 10,484.0697 ACV shares on 2026-08-10 in a sale described as an open market or private transaction at a price of $27.3723 per share, leaving him with 0 shares held directly afterward.

Why was this Form 4/A for ACV filed as an amendment?

The filing states it is an amendment to correct the transaction code from D to S. Code S denotes a sale in an open market or private transaction, clarifying the nature of the previously reported disposition of ACV shares by Justin Kass.

How many ACV shares did Justin Kass sell in the reported transaction?

Justin Kass sold 10,484.0697 shares of Virtus Diversified Income & Convertible Fund (ACV). This entire amount is reported under a single non-derivative transaction dated 2026-08-10 with transaction code S for a sale.

What price per share did Justin Kass receive for the ACV shares sold?

The transaction reports a sale price of $27.3723 per share for the 10,484.0697 ACV shares sold on 2026-08-10. The price is identified as a per-share amount in the filing’s transaction details.

What are Justin Kass’s ACV holdings after the reported sale?

Following the sale on 2026-08-10, Justin Kass is reported to hold 0 shares of Virtus Diversified Income & Convertible Fund (ACV) directly. The filing lists the total shares following the transaction as 0.0000 for this non-derivative holding.

Was the ACV insider sale by Justin Kass under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not checked (value is false), indicating the reported 10,484.0697-share sale of ACV on 2026-08-10 is not affirmed as being made pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/26/2026 - 02:45 PM Accepted by SEC EDGAR 08/26/2026 - 02:44 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KASS JUSTIN

(Last) (First) (Middle)

600 WEST BROADWAY

SUITE 2900

(Street)

SAN DIEGO CALIFORNIA 92101

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Virtus Diversified Income & Convertible Fund [ ACV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			PM

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/18/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Virtus Diversified Income & Convertible Fund	08/10/2026		S		10,484.0697	D	$27.3723	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Amending to correct transaction Code from D to S

	Brenda DeBlasio	08/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)