[Form 4] Ocean Park High Income ETF Insider Trading Activity

Rhea-AI Filing Summary

Thomas Preston Gillespie Jr., an officer of Duke Energy Corp (DUK), reported a sale on Form 4. On 08/12/2025 he sold 6,700 shares of Duke Energy common stock at $124.26 per share. Following the transaction he beneficially owned 46,422 shares directly. The filing also shows an indirect holding of 403 shares through a 401(k) stock fund. The Form 4 was signed by an attorney-in-fact on 08/13/2025. The document lists the reporting person’s title and address and discloses the transaction but provides no reason for the sale.

Positive

• Timely disclosure of the insider transaction via a filed Form 4
• Officer retains significant direct holdings after the sale (46,422 shares)

Negative

• Reported sale of 6,700 shares on 08/12/2025 at $124.26
• No explanation provided in the filing for the reason or plan governing the sale

Insights

Securities Analyst

TL;DR: Officer reported a single sale of 6,700 Duke Energy shares; disclosure is routine and provides no stated rationale.

The Form 4 shows a non-derivative sale by Thomas P. Gillespie Jr. on 08/12/2025 of 6,700 common shares at $124.26, leaving 46,422 shares held directly. An additional 403 shares are held indirectly via a 401(k) stock fund. From a market-impact perspective, the filing is a standard Section 16 disclosure: it documents an insider sale and updates beneficial ownership. The filing does not include explanatory details such as whether the sale was pre-planned under a 10b5-1 plan.

Corporate Governance Expert

TL;DR: The disclosure meets reporting requirements; the sale reduces direct ownership but the filing contains no governance concerns by itself.

The report identifies the reporting person as an officer and cites the transaction and subsequent holdings. The presence of an indirect 401(k) holding is disclosed and explained as an issuer stock fund. Absent additional context (e.g., multiple insider sales, related-party transactions, or unusual timing), this single Form 4 filing is governance-relevant but not, on its face, materially adverse.

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^*

Gillespie Thomas Preston Jr.

(Last) (First) (Middle)

525 S. TRYON STREET

(Street)

CHARLOTTE NC 28202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Duke Energy CORP [ DUK ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP-Chf Gen Off-Entrp Op Excel

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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	08/12/2025		S		6,700	D	$124.26	46,422	D
Common Stock								403	I	By 401(k)(1)

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:

1. Represents interests in an issuer stock fund.

Remarks:

	/s/ David S. Maltz, attorney-in-fact-for Thomas Preston Gillespie, Jr.	08/13/2025
	** 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 transaction did Thomas P. Gillespie report for Duke Energy (DUK)?

He reported a sale of 6,700 shares of Duke Energy common stock on 08/12/2025 at $124.26 per share.

How many shares does the reporting person own after the Form 4 transaction?

Following the sale the reporting person beneficially owned 46,422 shares directly and had an indirect holding of 403 shares via a 401(k) stock fund.

What relationship does Thomas P. Gillespie have to Duke Energy in the Form 4 filing?

The filing marks him as an Officer and provides a title string as reported on the form.

When was the Form 4 signed and filed?

The signature block shows the form was signed by an attorney-in-fact on 08/13/2025 following the 08/12/2025 transaction.

Does the filing state why the sale occurred or if it was under a 10b5-1 plan?

No. The Form 4 discloses the transaction and holdings but does not provide a reason or indicate a 10b5-1 plan.