BCV director sells 1,150 shares via family trusts

BANCROFT FUND LTD director Anthonie C. van Ekris reported indirect open-market sales of 1,150 Common Shares held in family trusts.

Rhea-AI Filing Summary

BANCROFT FUND LTD director Anthonie C. van Ekris reported indirect open-market sales of 1,150 Common Shares held in family trusts. On October 16, 2025, a trust for his son sold 400 shares at $23.515 and a trust for his daughter sold 750 shares at $23.5347. Each trust held 500 shares after the transactions, with Mr. van Ekris serving as trustee.

Insider Trade Summary

Net Seller: 1,150 shares

Net Sell 2 txns

Insider VANEKRIS ANTHONIE C

Role Director

Sold 1,150 shs ($27K)

Type	Security	Shares	Price	Value
Sale	Common Shares	750	$23.5347	$18K
Sale	Common Shares	400	$23.515	$9K

Holdings After Transaction: Common Shares — 500 shares (Indirect, Trust account for daughter); Common Shares — 500 shares (Indirect, Trust account for son)

Footnotes (2)

1. F1. The shares reported are held in a trust account for the daughter of Mr. van Ekris. Mr. van Ekris also serves as the trustee on the account.
2. F2. The shares reported are held in a trust account for the son of Mr. van Ekris. Mr. van Ekris also serves as the trustee on the account.

Key Figures

Total shares sold: 1,150 shares Son’s trust sale size: 400 shares Daughter’s trust sale size: 750 shares +3 more

6 metrics

Total shares sold 1,150 shares Indirect open-market sales on October 16, 2025

Son’s trust sale size 400 shares Common Shares sold from trust account for son

Daughter’s trust sale size 750 shares Common Shares sold from trust account for daughter

Sale price (son’s trust) $23.515 per share Open-market sale price for 400 shares

Sale price (daughter’s trust) $23.5347 per share Open-market sale price for 750 shares

Post-trade holdings per trust 500 shares Common Shares held after transactions in each trust

Key Terms

open-market sale, indirect ownership, trust account, Common Shares

4 terms

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"direct_or_indirect: "I" and ownership_type: "indirect""

trust account financial

"nature_of_ownership: "Trust account for son" / "Trust account for daughter""

A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.

Common Shares financial

"security_title: "Common Shares""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did BCV director Anthonie C. van Ekris report?

He reported indirect open-market sales totaling 1,150 Bancroft Fund (BCV) Common Shares. The trades occurred through trust accounts for his son and daughter, not from a direct personal holding, as disclosed in the Form 4 filing.

At what prices were the BCV shares sold in the reported insider trades?

The trusts sold BCV Common Shares at prices of $23.515 and $23.5347 per share. These were open-market sales executed on October 16, 2025, according to the Form 4 transaction details.

How many BCV shares did each family trust sell and retain after the trades?

The son’s trust sold 400 BCV Common Shares and the daughter’s trust sold 750 shares. After these transactions, each trust held 500 BCV Common Shares, as shown in the post-transaction ownership figures on the Form 4.

Are the BCV insider sales by Anthonie C. van Ekris direct or indirect holdings?

All reported BCV sales involve indirect holdings. The shares are owned by separate trust accounts for his son and daughter, with Mr. van Ekris acting as trustee, and are classified as indirect ownership on the Form 4.

What is the total number of BCV shares sold in these insider transactions?

The combined total sold was 1,150 BCV Common Shares. This includes 400 shares from the son’s trust and 750 shares from the daughter’s trust, all categorized as open-market sales on the same transaction date.

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

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Accepted by SEC EDGAR 06/02/2026 - 05:02 PM EDT 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^*

VANEKRIS ANTHONIE C

(Last) (First) (Middle)

C/O GAMCO INVESTORS, INC.

ONE CORPORATE CENTER

(Street)

RYE NEW YORK 10580

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BANCROFT FUND LTD [ BCV ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/16/2025

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
Common Shares	10/16/2025		S		750	D	$23.5347	500	I	Trust account for daughter(1)
Common Shares	10/16/2025		S		400	D	$23.515	500	I	Trust account for son(2)

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:

1. The shares reported are held in a trust account for the daughter of Mr. van Ekris. Mr. van Ekris also serves as the trustee on the account.

2. The shares reported are held in a trust account for the son of Mr. van Ekris. Mr. van Ekris also serves as the trustee on the account.

	John C. Ball as Attorney-in-Fact for Anthonie C. van Ekris	06/02/2026
	** 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)