Virtus Diversified Income & Convertible Fund (NYSE: ACV) insider exits 10,484-share position

Rhea-AI Filing Summary

Virtus Diversified Income & Convertible Fund (ACV) insider Justin Kass reported a single non-derivative transaction. On 2026-08-10, he disposed of 10,484.0697 shares of the fund in a disposition to the issuer at an average price of $27.3723 per share. Following this transaction, his reported direct holdings of ACV common shares were 0 shares. The filing’s Rule 10b5-1 checkbox was not marked, indicating the transaction was not affirmed as executed under a trading plan.

Insider Trade Summary

Net Seller: 10,484.0697 shares

Net Sell 1 txn

Insider KASS JUSTIN

Role Insider

Type	Security	Shares	Price	Value
Disposition	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 disposed: 10,484.0697 shares Disposition price: $27.3723 per share Shares held after transaction: 0 shares +1 more

4 metrics

Shares disposed 10,484.0697 shares Non-derivative disposition to issuer by Justin Kass on 2026-08-10

Disposition price $27.3723 per share Price reported for the 2026-08-10 disposition transaction

Shares held after transaction 0 shares Direct non-derivative holdings of ACV by Justin Kass following the transaction

Dispose transactions count 1 transaction Total dispose-type transactions reported in this Form 4

Key Terms

Disposition to issuer, non-derivative, Rule 10b5-1

3 terms

Disposition to issuer financial

"transaction_code_description: "Disposition to issuer""

non-derivative financial

"transaction_type: "non-derivative""

Rule 10b5-1 regulatory

"The filing’s Rule 10b5-1 checkbox was not marked"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

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

Justin Kass reported a disposition to the issuer of 10,484.0697 ACV shares on 2026-08-10. This was a non-derivative transaction in Virtus Diversified Income & Convertible Fund common shares.

At what price were Justin Kass’s ACV shares disposed of?

The 10,484.0697 ACV shares were disposed of at an average price of $27.3723 per share. The price is reported on a per-share basis for this non-derivative disposition to the issuer.

How many ACV shares does Justin Kass hold after this reported transaction?

After the reported transaction, Justin Kass’s direct holdings of ACV common shares are listed as 0 shares. The filing does not report any remaining non-derivative or derivative positions for him in this Form 4.

Was Justin Kass’s ACV transaction executed under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is explicitly not checked, indicating the reported disposition of 10,484.0697 shares was not affirmed as made pursuant to a pre-arranged trading plan.

What type of transaction code is shown on Justin Kass’s ACV Form 4?

The transaction uses code D, described as a Disposition to issuer. This indicates shares were returned to Virtus Diversified Income & Convertible Fund rather than sold in an open market trade.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/18/2026 - 12:14 PM Accepted by SEC EDGAR 08/18/2026 - 12:14 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)

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		D		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:

	Heather Imbey	08/10/2026
	** 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)