First Trust 2027 Fund adviser buys 10,000 shares

First Trust High Yield Opportunities 2027 Term Fund (FTHY) officer-investment adviser David McGarel reported a direct purchase of 10,000 common shares at $12.9247 per share on September 25, 2026.

Rhea-AI Filing Summary

First Trust High Yield Opportunities 2027 Term Fund (FTHY) officer-investment adviser David McGarel reported a direct purchase of 10,000 common shares at $12.9247 per share on September 25, 2026. His directly held position following the purchase was 24,000 common shares. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 10,000 shares

Net Buy 1 txn

Insider MCGAREL DAVID

Role Officer-Investment Adviser

Bought 10,000 shs ($129K)

Type	Security	Shares	Price	Value
Purchase	Common Shares	10,000	$12.9247	$129K

Holdings After Transaction: Common Shares — 24,000 shares (Direct)

Key Figures

Common shares purchased: 10,000 shares Purchase price: $12.9247 per share Direct common shares following purchase: 24,000 shares

3 metrics

Common shares purchased 10,000 shares September 25, 2026

Purchase price $12.9247 per share September 25, 2026

Direct common shares following purchase 24,000 shares Reported position following the September 25, 2026 purchase

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many FTHY shares did David McGarel buy?

David McGarel purchased 10,000 FTHY common shares at $12.9247 per share on September 25, 2026. His directly held position following the purchase was 24,000 common shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/28/2026 - 10:51 AM Accepted by SEC EDGAR 09/28/2026 - 10:50 AM Learn about SEC filing dates

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^*

MCGAREL DAVID

(Last) (First) (Middle)

C/O FIRST TRUST ADVISORS LP

120 EAST LIBERTY DRIVE, SUITE 400

(Street)

WHEATON ILLINOIS 60187

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND [ FTHY ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Officer-Investment Adviser

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/25/2026

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 Shares	09/25/2026		P		10,000	A	$12.9247	24,000	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/ David G. McGarel, by Erin E. Klassman, attorney-in-fact, pursuant to a Power of Attorney	09/28/2026
	** 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)