C1 Fund Inc. (CFND) director Scott Reed discloses stock buys

Rhea-AI Filing Summary

C1 Fund Inc. director Scott Reed reported buying additional common stock in December 2025. On 12/11/2025, he purchased 4,500 shares at $5.13 per share, and on 12/12/2025 he bought 500 shares at $5.02 per share.

After these transactions, records show 32,000 shares held directly and 65,500 shares held indirectly through the WA Reed Family 2015 Trust.

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).

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)
12/11/2025

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	12/12/2025		P		500	A	$5.02	65,500	I	WA Reed Family 2015 Trust
Common Stock	12/11/2025		P		4,500	A	$5.13	32,000	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	12/15/2025
	** 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 stock purchases did CFND report in this Form 4?

The filing reports that Scott Reed bought 4,500 shares of C1 Fund Inc. (CFND) common stock on 12/11/2025 at $5.13 per share and 500 shares on 12/12/2025 at $5.02 per share.

Who is the insider involved in the latest CFND stock transactions?

The insider is Scott Reed, who is listed as a director of C1 Fund Inc. and the reporting person for these common stock purchases.

At what prices were the recent CFND shares acquired?

Scott Reed acquired 4,500 CFND shares at $5.13 per share on 12/11/2025 and 500 shares at $5.02 per share on 12/12/2025.

How many CFND shares does Scott Reed own after these trades?

After the reported transactions, Scott Reed is shown holding 32,000 CFND shares directly and 65,500 shares indirectly through the WA Reed Family 2015 Trust.

Are the CFND insider transactions reported by one or multiple persons?

The Form 4 indicates it is filed by one reporting person, covering Scott Reed’s direct and indirect holdings.

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

Scott Reed is identified as a director of C1 Fund Inc. in connection with these insider stock transactions.