[Form 4] EAGLE CAPITAL GROWTH FUND, INC. Insider Trading Activity

Rhea-AI Filing Summary

Eagle Capital Growth Fund (GRF) reported insider open‑market purchases by a director and officer (CFO, CCO, Secretary, Treasurer). Transactions included multiple buys on 10/15/2025 and 10/16/2025 at prices around $10.51–$10.76, plus a line‑item dated 09/30/2025. Following these trades, the insider’s direct beneficial ownership stood at 210,032.1 shares. An additional 27,900.73 shares are listed as indirect ownership by spouse, with ownership disclaimed.

Insights

Governance & Insider Transactions Analyst

Routine insider purchases; direct holdings now 210,032.1 shares.

The filing shows a company insider, who is both a director and senior officer, purchasing common stock in multiple open‑market transactions. Prices ranged from $10.51 to $10.76. After these trades, direct beneficial ownership is reported as 210,032.1 shares.

The form also lists 27,900.73 shares held indirectly by spouse, with a standard disclaimer of beneficial ownership. No derivatives are reported. As a Form 4, this is routine disclosure; actual impact depends on broader context not included here.

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
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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 David C

(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)
	CFO, CCO, Secretary, Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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	09/30/2025		L		285	A	$10.58	200,182.1	D
Common Stock	10/15/2025		P		1,010	A	$10.5595	201,192.1	D
Common Stock	10/15/2025		P		3,000	A	$10.55	204,192.1	D
Common Stock	10/15/2025		P		2,000	A	$10.52	206,192.1	D
Common Stock	10/15/2025		P		1,000	A	$10.51	207,192.1	D
Common Stock	10/16/2025		P		1,926	A	$10.715	209,118.1	D
Common Stock	10/16/2025		P		874	A	$10.76	209,992.1	D
Common Stock	10/16/2025		P		40	A	$10.74	210,032.1	D
Common Stock								27,900.73	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	10/17/2025
	** 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 insider activity did GRF disclose?

An insider who is a director and officer reported multiple open‑market purchases of common stock on 09/30/2025, 10/15/2025, and 10/16/2025.

What is the insider’s direct share ownership after the trades for GRF?

Direct beneficial ownership is reported as 210,032.1 shares following the transactions.

At what prices did the GRF insider buy shares?

Reported purchase prices included $10.51, $10.52, $10.55, $10.5595, $10.58, $10.715, $10.74, and $10.76.

Were any derivative securities reported in the GRF filing?

No derivative securities were reported in the table for these transactions.

Does the GRF filing include indirect holdings?

Yes. It lists 27,900.73 shares held indirectly by spouse, with ownership disclaimed by the reporting person.

What roles does the reporting person hold at GRF?

The reporting person is a Director and also serves as CFO, CCO, Secretary, and Treasurer.