Director Reed Scott A. adds 5,000 C1 Fund (CFND) shares in open-market buys

Rhea-AI Filing Summary

C1 Fund Inc. director Reed Scott A. reported open-market purchases of a total of 5,000 shares of Common Stock of CFND at a price of $3.10 per share on June 11 and June 12, 2026. Following these direct purchases, he directly owns 52,000 shares. A separate holding entry shows indirect ownership of 65,500 shares held through the WA Reed Family 2015 Trust, providing additional exposure via a family trust structure.

Insights

Equity ownership analyst

Director adds 5,000 CFND shares in open-market buys.

Reed Scott A., a director of C1 Fund Inc., executed two open-market purchases totaling 5,000 shares of Common Stock at $3.10 per share on June 11 and June 12, 2026. These are discretionary buys, not grants or option exercises.

After the latest transaction, his direct holdings increase to 52,000 shares. The filing also shows an indirect position of 65,500 shares held by the WA Reed Family 2015 Trust, indicating additional economic exposure through a family trust. No derivative positions are listed, so the visible exposure is entirely in common stock.

The transactions are classified as open-market purchases, which generally reflect an insider choosing to add equity exposure at current prices. The overall scale appears moderate relative to typical board-level holdings, and no information is provided about pre-planned trading arrangements, so these look like straightforward additions to an existing position.

Insider Trade Summary

Net Buyer: 5,000 shares ($15,500)

Net Buy 3 txns

Insider Reed Scott A.

Role null

Bought 5,000 shs ($16K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	4,599	$3.10	$14K
Purchase	Common Stock	401	$3.10	$1K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 52,000 shares (Direct, null); Common Stock — 65,500 shares (Indirect, WA Reed Family 2015 Trust)

Footnotes (1)

Key Figures

Shares purchased June 12, 2026: 4,599 shares Shares purchased June 11, 2026: 401 shares Total new shares bought: 5,000 shares +3 more

6 metrics

Shares purchased June 12, 2026 4,599 shares Open-market purchase of Common Stock at $3.10 per share

Shares purchased June 11, 2026 401 shares Open-market purchase of Common Stock at $3.10 per share

Total new shares bought 5,000 shares Combined open-market purchases on June 11 and 12, 2026

Price per share $3.10/share Price for both reported open-market purchases

Direct holdings after purchase 52,000 shares Common Stock directly owned after June 12, 2026 trade

Indirect trust holdings 65,500 shares Common Stock held via WA Reed Family 2015 Trust

Key Terms

open-market purchase, indirect ownership, Common Stock, transaction code P

4 terms

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

indirect ownership financial

""ownership_type": "indirect""

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

transaction code P financial

""transaction_code": "P""

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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 CALIFORNIA 94301

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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 Stock	06/11/2026		P		401	A	$3.1	47,401	D
Common Stock	06/12/2026		P		4,599	A	$3.1	52,000	D
Common Stock								65,500	I	WA Reed Family 2015 Trust

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	06/15/2026
	** 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)

FAQ

How many C1 Fund (CFND) shares did director Reed Scott A. buy?

Director Reed Scott A. bought a total of 5,000 C1 Fund (CFND) Common Stock shares. The Form 4 shows purchases of 4,599 shares on June 12, 2026 and 401 shares on June 11, 2026, both classified as open-market transactions at $3.10 per share.

What price did Reed Scott A. pay for CFND shares in the latest Form 4?

Reed Scott A. paid $3.10 per share for his recent CFND buys. The Form 4 reports two open-market purchases of C1 Fund Common Stock at this price on June 11 and June 12, 2026, totaling 5,000 shares added to his direct ownership.

What are Reed Scott A.’s C1 Fund (CFND) holdings after these transactions?

After these transactions, Reed Scott A. directly owns 52,000 CFND shares. The filing also lists an indirect holding of 65,500 shares through the WA Reed Family 2015 Trust, indicating additional economic exposure to C1 Fund Inc. beyond his directly registered position.

Were the recent CFND insider transactions by Reed Scott A. open-market purchases?

Yes, the report classifies both transactions as open-market purchases. The Form 4 uses transaction code P and describes them as purchases in open market or private transactions, each at $3.10 per share, increasing the director’s direct stake in C1 Fund Inc.

Does the WA Reed Family 2015 Trust hold C1 Fund (CFND) shares for Reed Scott A.?

The Form 4 shows 65,500 CFND shares held indirectly through the WA Reed Family 2015 Trust. This entry is reported as indirect ownership, indicating a trust-related position associated with Reed Scott A., separate from his 52,000 directly held C1 Fund shares.