Destra Multi-Alternative (DMA) insider purchase: 838 shares at ~$8.62

Rhea-AI Filing Summary

Destra Multi-Alternative Fund (DMA) reported insider purchases by its President, Robert A. Watson, on 10/31/2025. The Form 4 lists three open‑market buys: 176 shares at $8.61 (direct), 56 shares at $8.61 (indirect by spouse), and 606 shares at $8.62 (indirect by 401(k) plan).

Following these transactions, beneficial ownership amounts shown were 15,335.939 shares direct, 15,391.939 shares indirect by spouse, and 15,997.939 shares indirect via the 401(k) plan. The filing indicates the reporter is an Officer (President) and is filed for one reporting person.

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^*

Watson Robert A.

(Last) (First) (Middle)

443 NORTH WILLSON AVENUE

(Street)

BOZEMAN MT 59715

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Destra Multi-Alternative Fund [ DMA; MSFIX ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/31/2025

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	10/31/2025		P		176	A	$8.61	15,335.939	D
Common Stock	10/31/2025		P		56	A	$8.61	15,391.939	I	By spouse
Common Stock	10/31/2025		P		606	A	$8.62	15,997.939	I	By 401(k) Plan

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/ Robert A. Watson	11/03/2025
	** 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.

FAQ

What did DMA’s President report on Form 4?

Open‑market purchases of 176 shares at $8.61, 56 shares at $8.61 (spouse), and 606 shares at $8.62 (401(k) plan) on 10/31/2025.

Who is the reporting person for DMA (DMA)?

The reporting person is Robert A. Watson, an Officer (President) of Destra Multi-Alternative Fund.

What are the beneficial holdings after the reported trades?

Reported as 15,335.939 shares direct, 15,391.939 shares indirect by spouse, and 15,997.939 shares indirect by 401(k) plan.

What were the transaction codes on the Form 4?

Each entry is coded P, indicating an open‑market purchase.

What securities were involved in the DMA Form 4?

Common Stock of Destra Multi-Alternative Fund (tickers DMA; MSFIX as shown).

Was this filing made by multiple reporting persons?

No. It was filed by one reporting person.