GRF CEO files Form 4: 975 at $10.11, 2,000 at $10.75

Eagle Capital Growth Fund (GRF) reported an insider ownership update.

Rhea-AI Filing Summary

Eagle Capital Growth Fund (GRF) reported an insider ownership update. The President & CEO, who is also a Director, reported two acquisitions of common stock: 975 shares on 08/18/2025 at $10.11 (Transaction Code L) and 2,000 shares on 10/17/2025 at $10.75 (Transaction Code P).

Following these transactions, directly held shares were reported as 291,860 after the first and 293,860 after the second. An additional 11,389 shares are listed as indirectly held by spouse, with a footnote stating the reporting person disclaims beneficial ownership of those securities.

Insider Trade Summary

Net Buyer: 2,000 shares

Net Buy 3 txns

Insider SIMS LUKE E

Role President & CEO

Bought 2,000 shs ($22K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	2,000	$10.75	$22K
Small Acquisition	Common Stock	975	$10.11	$10K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 293,860 shares (Direct); Common Stock — 11,389 shares (Indirect, By Spouse)

Footnotes (1)

1. F1. The reporting person disclaims ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or otherwise.

FAQ

What insider transactions did GRF report on this Form 4?

Two purchases of common stock: 975 shares on 08/18/2025 at $10.11 and 2,000 shares on 10/17/2025 at $10.75.

How many GRF shares does the reporting person hold directly after the transactions?

Direct holdings were reported as 291,860 after the first transaction and 293,860 after the second.

Does the GRF insider have any indirect holdings?

Yes. 11,389 shares are listed as indirectly held by spouse, with a disclaimer of beneficial ownership.

What roles does the reporting person hold at GRF?

The reporting person is a Director and serves as President & CEO.

What transaction codes are shown on the GRF Form 4?

The filing lists codes L and P for the reported acquisitions.

Is the filing made by one or multiple reporting persons?

It is indicated as Form filed by One Reporting Person.

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

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Accepted by SEC EDGAR 10/21/2025 - 05:50 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^*

SIMS LUKE E

(Last) (First) (Middle)

225 E. MASON STREET

SUITE 802

(Street)

MILWAUKEE WI 53202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EAGLE CAPITAL GROWTH FUND, INC. [ GRF ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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	08/18/2025		L		975	A	$10.11	291,860	D
Common Stock	10/17/2025		P		2,000	A	$10.75	293,860	D
Common Stock								11,389	I	By Spouse(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. The reporting person disclaims ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or otherwise.

	Carrie Leahy, Attorney-in-Fact by Power of Attorney	10/21/2025
	** 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.