Eagle Capital Growth (NYSE: GRF) director buys shares in multiple trades

Rhea-AI Filing Summary

Eagle Capital Growth Fund, Inc. (GRF) director Neal F. Zalenko reported a series of common stock purchases. On December 30, 2025, he acquired 100 shares at $10.67, followed by 5 shares at $10.72 on January 6, 2026, 500 shares at $10.78 on January 7, 2026, 427 shares at $10.84 on January 9, 2026, and 234 shares at $11.00 on January 13, 2026. After these direct transactions, he beneficially owned 19,128.96 shares of the company’s common stock.

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

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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^*

Zalenko Neal F.

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/30/2025

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	12/30/2025		L		100	A	$10.67	17,962.96	D
Common Stock	01/06/2026		L		5	A	$10.72	17,967.96	D
Common Stock	01/07/2026		L		500	A	$10.78	18,467.96	D
Common Stock	01/09/2026		P		427	A	$10.84	18,894.96	D
Common Stock	01/13/2026		P		234	A	$11	19,128.96	D

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:

	Carrie Leahy, Attorney-in-Fact by Power of Attorney	01/14/2026
	** 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.

FAQ

What insider activity did Eagle Capital Growth Fund (GRF) report in this Form 4?

The filing reports that director Neal F. Zalenko purchased multiple lots of common stock between December 30, 2025 and January 13, 2026, increasing his directly held beneficial ownership.

How many Eagle Capital Growth Fund (GRF) shares does Neal F. Zalenko own after these transactions?

Following the reported transactions, Neal F. Zalenko beneficially owned 19,128.96 shares of Eagle Capital Growth Fund, Inc. common stock in direct form.

On what dates did Neal F. Zalenko buy Eagle Capital Growth Fund (GRF) shares?

The purchases occurred on December 30, 2025, and on January 6, 7, 9, and 13, 2026, as disclosed in Table I of the non-derivative securities section.

What prices did Neal F. Zalenko pay for GRF common stock in these trades?

Reported purchase prices per share were $10.67, $10.72, $10.78, $10.84, and $11.00, varying by transaction date.

Were any derivative securities involved in this Eagle Capital Growth Fund (GRF) insider filing?

No derivative securities are reported as acquired or disposed in Table II; the activity disclosed relates only to common stock in Table I.

Is Neal F. Zalenko an officer or a director of Eagle Capital Growth Fund (GRF)?

The filing identifies Neal F. Zalenko as a director of Eagle Capital Growth Fund, Inc., and not as an officer or 10% owner.