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

Rhea-AI Filing Summary

C1 Fund Inc. director Scott Reed reported buying additional shares of the company’s common stock. On 12/01/2025, he purchased 5,000 shares of C1 Fund Inc. common stock at $5.37 per share through the WA Reed Family 2015 Trust, which is reported as indirectly owned. After this transaction, that trust held 55,000 shares.

On the same date, he also directly purchased 8,500 shares of C1 Fund Inc. common stock at $5.33 per share. Following this direct purchase, he beneficially owned 18,500 shares directly. The filing confirms he is a director of C1 Fund Inc. and that the report is filed for one reporting person.

Insider Trade Summary

Net Buyer: 13,500 shares

Net Buy 2 txns

Insider Reed Scott A.

Role Director

Bought 13,500 shs ($72K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	5,000	$5.37	$27K
Purchase	Common Stock	8,500	$5.33	$45K

Holdings After Transaction: Common Stock — 55,000 shares (Indirect, WA Reed Family 2015 Trust); Common Stock — 18,500 shares (Direct)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/03/2025 - 06:00 PM Learn about SEC filing dates

FAQ

What insider transaction did C1 Fund Inc. (CFND) report on this Form 4?

The Form 4 reports that director Scott Reed bought C1 Fund Inc. common stock on 12/01/2025, including both indirectly held shares through a trust and shares held directly.

How many CFND shares did the director buy through the WA Reed Family 2015 Trust?

On 12/01/2025, 5,000 shares of C1 Fund Inc. common stock were purchased at $5.37 per share, reported as indirectly owned through the WA Reed Family 2015 Trust, bringing that trust’s holdings to 55,000 shares.

How many CFND shares did the director buy directly in this Form 4 filing?

The director directly purchased 8,500 shares of C1 Fund Inc. common stock on 12/01/2025 at a price of $5.33 per share, resulting in 18,500 shares directly beneficially owned after the transaction.

What is Scott Reed’s relationship to C1 Fund Inc. (CFND)?

The report identifies Scott Reed as a director of C1 Fund Inc. and shows the form is filed by one reporting person.

Does the Form 4 show any derivative securities for C1 Fund Inc. (CFND)?

The section for derivative securities, such as options or warrants, is present but does not list any derivative security transactions or holdings.

What types of ownership are reported for the CFND shares in this Form 4?

The filing reports indirect ownership of C1 Fund Inc. common stock through the WA Reed Family 2015 Trust, and direct ownership of additional common shares held personally.

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)
12/01/2025

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	12/01/2025		P		5,000	A	$5.37	55,000	I	WA Reed Family 2015 Trust
Common Stock	12/01/2025		P		8,500	A	$5.33	18,500	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	12/03/2025
	** 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.