Form 4: Peter Malone reports 500-share purchase in AOD at $9.48

Rhea-AI Filing Summary

Peter Gerald Malone, a director at abrdn Total Dynamic Dividend Fund (AOD), reported a purchase of 500 shares of the fund on 09/26/2025 at a price of $9.48 per share. After the transaction, Malone beneficially owns 1,500 shares, held directly. The Form 4 was filed indicating the transaction code "P" (purchase) and the filing was signed on behalf of the reporting person by a power of attorney on 09/30/2025. No derivative transactions or additional context are included in the filing.

Insights

Financial Analyst

TL;DR: A small, direct insider purchase of 500 shares increases the director's stake to 1,500 shares; impact appears limited.

The reported purchase of 500 shares at $9.48 is a straightforward insider acquisition recorded on Form 4. The size of the purchase relative to a fund's typical free float and market capitalization is not provided, so the transaction appears routine and unlikely to be material for valuation or market-moving analysis on its own. The filing shows direct beneficial ownership and no associated derivative activity, which simplifies interpretation.

Corporate Governance Expert

TL;DR: Director reporting is compliant and transparent; purchase was executed and reported via POA with no red flags in the filing.

The Form 4 discloses a direct purchase by a director and includes an executed power of attorney signature, which is standard practice. There are no disclosures of sales, option exercises, or indirect holdings tied to this transaction. Based solely on the filing text, governance and reporting processes appear to have been followed correctly.

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

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

1. Name and Address of Reporting Person^*

MALONE PETER GERALD

(Last) (First) (Middle)

C/O ABRDN

1900 MARKET STREET, SUITE 200

(Street)

PHILADELPHIA PA 19103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
abrdn Total Dynamic Dividend Fund [ AOD ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/26/2025

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

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

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

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
Common Stock	09/26/2025		P		500	A	$9.48	1,500	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:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Robert Stieger, by POA from Reporting Person	09/30/2025
	** 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.

FAQ

What insider transaction did AOD director Peter G. Malone report?

The filing shows a purchase of 500 shares of abrdn Total Dynamic Dividend Fund (AOD) on 09/26/2025 at $9.48 per share.

How many AOD shares does Peter Malone own after the reported transaction?

After the transaction, the Form 4 reports Peter Malone beneficially owns 1,500 shares, held directly.

When was the Form 4 filed and who signed it?

The Form 4 reflects the transaction date 09/26/2025 and was signed 09/30/2025 by Robert Stieger under a power of attorney for the reporting person.

Does the Form 4 report any derivative transactions for AOD by this reporting person?

No. The filing contains no derivative securities entries; only a non-derivative purchase of common stock is reported.

What transaction code is listed on the Form 4 for this purchase?

The purchase is reported with transaction code "P", indicating a direct purchase of securities.