Sprott Focus Trust insider buys at $9.63 via dividend plan

Sprott Focus Trust Inc. insider activity shows net buying.

Rhea-AI Filing Summary

Sprott Focus Trust Inc. insider activity shows net buying. Reporting person George W. Whitney, a director and ten percent owner, reported several open-market purchases of Common Stock at $9.63 per share on June 29, 2026, largely through related trusts and a family foundation.

In total, entities associated with Whitney acquired 88,058 shares, including purchases by a foundation, multiple family trusts, and his spouse, as well as a direct purchase of 16,394 shares. Following these trades, his direct holding rose to 8,100,605 shares, while various indirect holdings through trusts and the foundation also increased.

Insights

Fund governance and insider-trading analyst

Director and major holder added shares via open-market purchases.

Director and ten percent owner George W. Whitney reported a cluster of open-market purchases of SPROTT FOCUS TRUST INC. Common Stock at $9.63 per share on June 29, 2026. The transactions span his direct account, a family foundation, and several family trusts.

The filing indicates a net addition of 88,058 shares, with his direct ownership reaching 8,100,605 shares after the trades. Because these are open-market buys rather than option exercises or tax withholdings, they can be viewed as deliberate capital allocation, though the overall impact depends on the fund’s total shares outstanding.

No derivatives are reported in this filing, and there is no reference to Rule 10b5-1 trading plans, so the timing appears discretionary based on the available information. Future company filings will provide broader financial context for interpreting this insider accumulation.

Insider Trade Summary

Net Buyer: 88,058 shares

Net Buy 7 txns

Insider GEORGE W WHITNEY

Role Director, 10% Owner

Bought 88,058 shs ($848K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	16,394	$9.63	$158K
Purchase	Common Stock	4,606	$9.63	$44K
Purchase	Common Stock	1,116	$9.63	$11K
Purchase	Common Stock	21,392	$9.63	$206K
Purchase	Common Stock	3,973	$9.63	$38K
Purchase	Common Stock	1,716	$9.63	$17K
Purchase	Common Stock	38,861	$9.63	$374K

Holdings After Transaction: Common Stock — 8,100,605 shares (Direct); Common Stock — 3,326,193 shares (Indirect, Held by Spouse); Common Stock — 117,710 shares (Indirect, Held by Trust); Common Stock — 2,665,534 shares (Indirect, Held by Foundation)

Footnotes (5)

1. F1. Shares held by a trust established for the benefit of Mr. George's immediate family member (the "BM Trust"). Mr. George serves as trustee of the BM Trust and, in such capacity, has investment and voting discretion over shares held by the BM Trust. Mr. George may be deemed to beneficially own the shares held by the BM Trust.
2. F2. Shares held by The Meredith and Whitney George Foundation (the "Foundation"). Mr. George serves as the Chairman of the Foundation and, in such capacity, has investment and voting discretion over shares held by the Foundation.
3. F3. Shares held by a trust established for the benefit of Mr. George's children. As beneficiaries of the trust, Mr. George's children have a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust.
4. F4. Shares held by a trust established for the benefit of Mr. George's spouse. Mr. George serves as trustee of the trust and, in such capacity, has investment and voting discretion over shares held by the trust. As beneficiary of the trust, Mr. George's spouse has a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust.
5. F5. Shares held by a trust established for the benefit of Mr. George's immediate family member (the "TM Trust"). Mr. George serves as trustee of the TM Trust and, in such capacity, has investment and voting discretion over shares held by the TM Trust. Mr. George may be deemed to beneficially own the shares held by the TM Trust.

Key Figures

Total shares bought: 88,058 shares Purchase price: $9.63 per share Direct holding after trade: 8,100,605 shares +3 more

6 metrics

Total shares bought 88,058 shares Net open-market purchases on June 29, 2026

Purchase price $9.63 per share Price for all reported Common Stock purchases

Direct holding after trade 8,100,605 shares Common Stock directly owned after June 29, 2026 buy

Foundation holding after trade 2,665,534 shares Common Stock held by The Meredith and Whitney George Foundation

Largest trust holding after trade 1,467,325 shares Common Stock held by a family trust where Whitney is trustee

Spouse-related holding after trade 3,326,193 shares Common Stock held by spouse-related trust or account

Key Terms

open-market purchase, beneficially own, pecuniary interest, investment and voting discretion, +1 more

5 terms

open-market purchase financial

"transaction_action: "open-market purchase" for each Common Stock trade"

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.

beneficially own financial

"Mr. George may be deemed to beneficially own the shares held by the BM Trust."

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

pecuniary interest financial

"As beneficiaries of the trust, Mr. George's children have a pecuniary interest in the trust."

investment and voting discretion financial

"Mr. George serves as trustee and has investment and voting discretion over shares held by the trust."

ten percent owner financial

"reporting person marked as is_ten_percent_owner: 1 in Form 4 data"

FAQ

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

What did George W. Whitney report in his latest Form 4 for FUND?

George W. Whitney reported multiple open-market purchases of SPROTT FOCUS TRUST INC. Common Stock on June 29, 2026, totaling 88,058 shares at $9.63 per share, across his direct holdings, a family foundation, and several family trusts.

How many SPROTT FOCUS TRUST (FUND) shares did Whitney buy and at what price?

Entities associated with George W. Whitney bought 88,058 FUND shares in open-market transactions at $9.63 per share. These purchases were spread across a foundation, several family trusts, his spouse, and his own direct holding, according to the Form 4 data.

What is George W. Whitney’s direct SPROTT FOCUS TRUST (FUND) holding after these trades?

After the June 29, 2026 purchases, George W. Whitney’s direct holding in SPROTT FOCUS TRUST INC. Common Stock increased to 8,100,605 shares. This figure excludes additional indirect holdings through a foundation and multiple family trusts disclosed in the same Form 4 filing.

Were the recent FUND insider transactions by Whitney direct or through related entities?

The Form 4 shows a mix of direct and indirect ownership. Some shares are held directly by George W. Whitney, while others are held by a family foundation, trusts for his children, spouse, and immediate family members, where he often has investment and voting discretion.

What type of transactions did Whitney use to acquire FUND shares?

All reported trades were open-market purchases of SPROTT FOCUS TRUST INC. Common Stock, coded "P" on Form 4. There were no option exercises, gifts, or tax withholdings disclosed, and the filing shows net-buy activity totaling 88,058 shares on the reported date.

Does the Form 4 show any derivatives or options for SPROTT FOCUS TRUST (FUND)?

No derivatives or options are listed in this Form 4. The derivativeSummary is empty, and all transactions involve non-derivative Common Stock. The reported activity is entirely open-market buying through direct and indirect ownership accounts associated with George W. Whitney.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/30/2026 - 05:30 PM EDT 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^*

GEORGE W WHITNEY

(Last) (First) (Middle)

C/O SPROTT ASSET MANAGEMENT USA INC.

320 POST ROAD, SUITE 230

(Street)

DARIEN CONNECTICUT 06820

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SPROTT FOCUS TRUST INC. [ FUND ]

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

X	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Senior Portfolio Manager

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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	06/29/2026		P		16,394	A	$9.63	8,100,605	D
Common Stock	06/29/2026		P		4,606	A	$9.63	315,982	I	Held by Trust(5)
Common Stock	06/29/2026		P		1,116	A	$9.63	3,326,193	I	Held by Spouse
Common Stock	06/29/2026		P		21,392	A	$9.63	1,467,325	I	Held by Trust(3)
Common Stock	06/29/2026		P		3,973	A	$9.63	272,566	I	Held by Trust(1)
Common Stock	06/29/2026		P		1,716	A	$9.63	117,710	I	Held by Trust(4)
Common Stock	06/29/2026		P		38,861	A	$9.63	2,665,534	I	Held by Foundation(2)

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. Shares held by a trust established for the benefit of Mr. George's immediate family member (the "BM Trust"). Mr. George serves as trustee of the BM Trust and, in such capacity, has investment and voting discretion over shares held by the BM Trust. Mr. George may be deemed to beneficially own the shares held by the BM Trust.

2. Shares held by The Meredith and Whitney George Foundation (the "Foundation"). Mr. George serves as the Chairman of the Foundation and, in such capacity, has investment and voting discretion over shares held by the Foundation.

3. Shares held by a trust established for the benefit of Mr. George's children. As beneficiaries of the trust, Mr. George's children have a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust.

4. Shares held by a trust established for the benefit of Mr. George's spouse. Mr. George serves as trustee of the trust and, in such capacity, has investment and voting discretion over shares held by the trust. As beneficiary of the trust, Mr. George's spouse has a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust.

5. Shares held by a trust established for the benefit of Mr. George's immediate family member (the "TM Trust"). Mr. George serves as trustee of the TM Trust and, in such capacity, has investment and voting discretion over shares held by the TM Trust. Mr. George may be deemed to beneficially own the shares held by the TM Trust.

Remarks:

Mr. George disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. George is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("1934 Act"), or for any other purpose. The purchases of shares of Sprott Focus Trust, Inc. were made pursuant to a dividend reinvestment plan that satisfies requirements of Rule 16a-11 under the 1934 Act. Rule 16a-11 exempts such transactions from Section 16 of the 1934 Act.

	/s/ W. Whitney George	06/30/2026
	** 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)