[Form 4] SPROTT FOCUS TRUST INC. Insider Trading Activity

Rhea-AI Filing Summary

Sprott Focus Trust (FUND) officer Thomas W. Ulrich reported a sale of common stock on 10/15/2025. He sold 1,116.84 shares at $8.34 per share, reported under transaction code “S”.

Following the sale, he beneficially owned 8,272.65 shares on an indirect basis through an IRA. The filing notes that reported holdings include shares acquired under the issuer’s Dividend Reinvestment Program.

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^*

Ulrich Thomas W

(Last) (First) (Middle)

C/O SPROTT ASSET MANAGEMENT USA INC.

320 POST ROAD, SUITE 230

(Street)

DARIEN CT 06820

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2025

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	10/15/2025		S		1,116.84	D	$8.34	8,272.65(1)	I	By IRA

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. Includes shares acquired under the Issuer's Dividend Reinvestment Program (the "DRIP").

Remarks:

President, Chief Compliance Officer and Secretary

	/s/ Thomas W. Ulrich	10/16/2025
	** 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 Sprott Focus Trust (FUND) report in this Form 4?

An officer, Thomas W. Ulrich, reported selling 1,116.84 shares of common stock at $8.34 on 10/15/2025.

How many Sprott Focus Trust (FUND) shares does the officer hold after the transaction?

He beneficially owned 8,272.65 shares after the transaction, held indirectly through an IRA.

What is the relationship of the reporting person to Sprott Focus Trust (FUND)?

He is an officer, serving as President, Chief Compliance Officer and Secretary.

What was the transaction code used in the Form 4?

The transaction was coded “S”, indicating an open market or private sale of non-derivative securities.

Does the holding figure include DRIP shares for Sprott Focus Trust (FUND)?

Yes. The filing states the holdings include shares acquired under the Dividend Reinvestment Program.

Is the ownership direct or indirect after the sale?

The reported remaining ownership is indirect, noted as held by IRA.