Sprott Focus Trust director buys 181,813 shares

The reported transactions included shares held directly, by George’s spouse and foundation, and by four trusts.

Rhea-AI Filing Summary

Sprott Focus Trust Inc. (FUND) director, ten percent owner and senior portfolio manager W. Whitney George reported seven purchases totaling 181,813 common shares on September 29, 2026, at $10.05 per share. The purchases were made through a dividend reinvestment plan that satisfies Rule 16a-11 requirements. Reported purchases included 59,702 shares held directly, 49,743 held by his spouse and 39,863 held by The Meredith and Whitney George Foundation; additional purchases were held by four trusts.

Insider Trade Summary

Net Buyer: 181,813 shares

Net Buy 7 txns

Insider GEORGE W WHITNEY

Role Director, 10% Owner

Bought 181,813 shs ($1.83M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	59,702	$10.05	$600K
Purchase	Common Stock F5	4,725	$10.05	$47K
Purchase	Common Stock	49,743	$10.05	$500K
Purchase	Common Stock F3	21,944	$10.05	$221K
Purchase	Common Stock F1	4,076	$10.05	$41K
Purchase	Common Stock F4	1,760	$10.05	$18K
Purchase	Common Stock F2	39,863	$10.05	$401K

Holdings After Transaction: Common Stock — 8,160,307 shares (Direct); Common Stock — 3,375,936 shares (Indirect, Held by Spouse); Common Stock — 119,470 shares (Indirect, Held by Trust); Common Stock — 2,705,397 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

Reported shares purchased: 181,813 shares Purchase price: $10.05 per share Direct shares purchased: 59,702 shares +5 more

8 metrics

Reported shares purchased 181,813 shares Seven transactions on September 29, 2026

Purchase price $10.05 per share Reported purchases on September 29, 2026

Direct shares purchased 59,702 shares September 29, 2026

Direct shares following transaction 8,160,307 shares Reported after the September 29, 2026 transaction

Spouse-held shares purchased 49,743 shares September 29, 2026

Spouse-held shares following transaction 3,375,936 shares Reported after the September 29, 2026 transaction

Foundation-held shares purchased 39,863 shares The Meredith and Whitney George Foundation; September 29, 2026

Foundation-held shares following transaction 2,705,397 shares The Meredith and Whitney George Foundation; reported after the September 29, 2026 transaction

Key Terms

dividend reinvestment plan, Rule 16a-11, pecuniary interest, beneficial ownership

4 terms

dividend reinvestment plan financial

"made pursuant to a dividend reinvestment plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Rule 16a-11 regulatory

"satisfies requirements of Rule 16a-11"

pecuniary interest regulatory

"except to the extent of his pecuniary interest therein"

beneficial ownership regulatory

"disclaims beneficial ownership of the reported securities"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

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

How many FUND shares did W. Whitney George report purchasing, and at what price?

The Form 4 reports seven purchases totaling 181,813 common shares on September 29, 2026, at $10.05 per share. The shares were held directly, by his spouse, by The Meredith and Whitney George Foundation, and by trusts.

What FUND share positions were reported after the purchases?

The reported post-transaction positions were 8,160,307 shares held directly, 3,375,936 shares held by his spouse, and 2,705,397 shares held by The Meredith and Whitney George Foundation.

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

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Available on EDGAR 10/01/2026 - 05:56 PM Accepted by SEC EDGAR 10/01/2026 - 05:55 PM 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)
09/29/2026

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	09/29/2026		P		59,702	A	$10.05	8,160,307	D
Common Stock	09/29/2026		P		4,725	A	$10.05	320,707	I	Held by Trust(5)
Common Stock	09/29/2026		P		49,743	A	$10.05	3,375,936	I	Held by Spouse
Common Stock	09/29/2026		P		21,944	A	$10.05	1,489,269	I	Held by Trust(3)
Common Stock	09/29/2026		P		4,076	A	$10.05	276,642	I	Held by Trust(1)
Common Stock	09/29/2026		P		1,760	A	$10.05	119,470	I	Held by Trust(4)
Common Stock	09/29/2026		P		39,863	A	$10.05	2,705,397	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	10/01/2026
	** 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)