Eagle Capital (NYSE: GRF) CEO adds common shares in open-market and small acquisitions

Rhea-AI Filing Summary

EAGLE CAPITAL GROWTH FUND, INC. President & CEO Luke E. Sims reported new holdings in the company’s common stock. On this Form 4, he acquired 1,209 shares in an open-market purchase at $10.1999 per share and now directly holds 295,267 shares. A separate small acquisition of 258 shares at $10.1000 per share is also reported. In addition, 11,389 shares are held indirectly by his spouse, and he disclaims beneficial ownership of those securities.

Insider Trade Summary

Net Buyer: 1,209 shares ($12,332)

Net Buy 3 txns

Insider SIMS LUKE E

Role President & CEO

Bought 1,209 shs ($12K)

Type	Security	Shares	Price	Value
L	Common Stock	258	$10.10	$3K
Purchase	Common Stock	1,209	$10.1999	$12K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 294,058 shares (Direct, null); Common Stock — 11,389 shares (Indirect, By Spouse)

Footnotes (1)

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Key Figures

Open-market purchase: 1,209 shares at $10.1999 Small acquisition: 258 shares at $10.1000 Direct holdings after transactions: 295,267 shares +1 more

4 metrics

Open-market purchase 1,209 shares at $10.1999 Common Stock acquired May 18, 2026

Small acquisition 258 shares at $10.1000 Code L small acquisition under Rule 16a-6

Direct holdings after transactions 295,267 shares Common Stock directly owned following May 18, 2026 trades

Spouse-held shares 11,389 shares Indirect ownership by spouse, beneficial ownership disclaimed

Key Terms

open-market purchase, small acquisition, Rule 16a-6, beneficial owner

4 terms

open-market purchase financial

"transaction_action": "open-market purchase""

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.

small acquisition financial

"transaction_action": "small acquisition""

Rule 16a-6 regulatory

"transaction_code_description": "Small acquisition under Rule 16a-6""

beneficial owner regulatory

"deemed an admission that the reporting person is the beneficial owner of these securities"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Form 4 Insider Transactions: What Each Field Means →

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 WISCONSIN 53202

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

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	05/18/2026		L		258	A	$10.1	294,058	D
Common Stock	05/18/2026		P		1,209	A	$10.1999	295,267	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	05/19/2026
	** 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)

FAQ

What insider transactions did GRF President & CEO Luke E. Sims report?

Luke E. Sims reported acquiring GRF common stock. He bought 1,209 shares in an open-market purchase and a separate small acquisition of 258 shares, both dated May 18, 2026, increasing his reported direct holdings in the fund.

How many GRF shares does Luke E. Sims hold directly after these transactions?

After these transactions, Luke E. Sims directly holds 295,267 shares of GRF common stock. This figure comes from the Form 4 totals, which show his direct ownership position following the May 18, 2026 acquisitions reported.

At what prices did Luke E. Sims acquire GRF shares on May 18, 2026?

He acquired GRF shares at two distinct prices. The open-market purchase covered 1,209 shares at $10.1999 per share, while the small acquisition under Rule 16a-6 involved 258 shares at $10.1000 per share on the same date.

How many GRF shares are reported as held by Luke E. Sims’ spouse?

The filing reports 11,389 GRF shares held indirectly by Luke E. Sims’ spouse. The footnote states that he disclaims beneficial ownership of these securities, meaning they are attributed to his spouse rather than to him personally for ownership purposes.

What does the small acquisition code L mean in the GRF Form 4 filing?

Code L on the GRF Form 4 indicates a small acquisition under Rule 16a-6. In this filing, it corresponds to 258 GRF common shares acquired at $10.1000 per share, classified separately from the larger open-market purchase transaction.