C1 Fund Inc. (CFND) director boosts holdings with December 2025 buys

Rhea-AI Filing Summary

C1 Fund Inc. director reports stock purchases. A reporting person serving as a director of C1 Fund Inc. (symbol CFND) bought common stock in two open-market transactions on 12/04/2025. One purchase was 10,000 shares at $5.21 per share held indirectly through the WA Reed Family 2015 Trust, bringing that indirect holding to 65,000 shares. The other purchase was 2,500 shares at $5.25 per share held directly, increasing the director’s direct ownership to 27,500 shares. No derivative securities were reported.

Insider Trade Summary

Net Buyer: 12,500 shares ($65,225)

Net Buy 2 txns

Insider Reed Scott A.

Role Director

Bought 12,500 shs ($65K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	10,000	$5.21	$52K
Purchase	Common Stock	2,500	$5.25	$13K

Holdings After Transaction: Common Stock — 65,000 shares (Indirect, WA Reed Family 2015 Trust); Common Stock — 27,500 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

Reed Scott A.

(Last) (First) (Middle)

C/O C1 FUND INC.

228 HAMILTON AVENUE, THIRD FLOOR

(Street)

PALO ALTO CA 94301

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
C1 Fund Inc. [ CFND ]

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)
12/04/2025

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	12/04/2025		P		10,000	A	$5.21	65,000	I	WA Reed Family 2015 Trust
Common Stock	12/04/2025		P		2,500	A	$5.25	27,500	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:

	/s/ Scott Reed	12/08/2025
	** 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 C1 Fund Inc. (CFND) disclose in this Form 4?

A director of C1 Fund Inc. reported buying common stock on 12/04/2025, with both direct and indirect ownership positions increasing as a result.

How many C1 Fund Inc. (CFND) shares were purchased and at what prices?

The director purchased 10,000 shares of common stock at $5.21 per share and 2,500 shares at $5.25 per share in separate transactions on 12/04/2025.

What are the director’s C1 Fund Inc. (CFND) holdings after the reported transactions?

Following the transactions, the director beneficially owns 65,000 shares indirectly through the WA Reed Family 2015 Trust and 27,500 shares directly.

What is the reporting person’s relationship to C1 Fund Inc. (CFND)?

The reporting person is identified as a director of C1 Fund Inc. on the Form 4.

Were any derivative securities of C1 Fund Inc. (CFND) reported in this Form 4?

No derivative securities were reported; the table for derivative securities is present but contains no transactions or holdings.

Is the Form 4 for C1 Fund Inc. (CFND) filed by one or multiple reporting persons?

The filing indicates it is a Form filed by One Reporting Person, not a joint or group filing.