Eagle Capital Growth CFO buys 10,000 shares

EAGLE CAPITAL GROWTH FUND, INC. director and CFO/CCO/Secretary/Treasurer David C. Sims reported an open-market purchase of 10,000 shares of common stock.

Rhea-AI Filing Summary

EAGLE CAPITAL GROWTH FUND, INC. director and CFO/CCO/Secretary/Treasurer David C. Sims reported an open-market purchase of 10,000 shares of common stock. The shares were bought at $9.998 per share, bringing his directly held position to 220,032.1 shares following the transaction.

The filing also lists indirect holdings of 60 shares held by his children and 27,900.73 shares held by his spouse, with a stated disclaimer that he is not admitting beneficial ownership of these indirectly held shares.

Insider Trade Summary

Net Buyer: 10,000 shares

Net Buy 3 txns

Insider Sims David C

Role CFO, CCO, Secretary, Treasurer

Bought 10,000 shs ($100K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	10,000	$9.998	$100K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 220,032.1 shares (Direct); Common Stock — 27,900.73 shares (Indirect, By Spouse); Common Stock — 60 shares (Indirect, By Children)

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.

Key Figures

Open-market purchase: 10,000 shares Purchase price: $9.998 per share Direct holdings after transaction: 220,032.1 shares +3 more

6 metrics

Open-market purchase 10,000 shares Common Stock bought on 2026-05-22

Purchase price $9.998 per share Price for 10,000-share open-market buy

Direct holdings after transaction 220,032.1 shares Common Stock directly held by David C. Sims after purchase

Indirect holdings by children 60 shares Common Stock held indirectly by children

Indirect holdings by spouse 27,900.73 shares Common Stock held indirectly by spouse

Net buy shares 10,000 shares Net buy direction across reported transactions

Key Terms

open-market purchase, beneficial owner, indirect ownership, Section 16

4 terms

open-market purchase financial

"The transaction was an open-market purchase of 10,000 shares"

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.

beneficial owner financial

"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.

indirect ownership financial

"indirect holdings of 60 shares held by his children and 27,900.73 shares held by his spouse"

Section 16 regulatory

"for purposes of Section 16 or otherwise"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

FAQ

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

What insider transaction did GRF report for David C. Sims?

David C. Sims reported buying 10,000 shares of Eagle Capital Growth Fund common stock. The transaction was an open-market purchase, reflecting a direct increase in his personal holdings at a price of $9.998 per share.

At what price did the GRF insider buy the 10,000 shares?

The 10,000 Eagle Capital Growth Fund shares were purchased at $9.998 per share. This price comes directly from the Form 4 and indicates the cost basis for this specific open-market transaction.

How many GRF shares does David C. Sims hold after this Form 4?

After the reported transaction, David C. Sims directly holds 220,032.1 shares of Eagle Capital Growth Fund. This total reflects his position following the 10,000-share open-market purchase disclosed in the Form 4.

Does the GRF Form 4 show any indirect holdings for David C. Sims?

Yes. The Form 4 lists 60 shares held by his children and 27,900.73 shares held by his spouse. The filing notes a disclaimer that he is not admitting beneficial ownership of these indirectly held shares for Section 16 purposes.

Was the GRF insider transaction a buy or a sell?

The Form 4 reports a buy transaction. Specifically, it records an open-market purchase of 10,000 Eagle Capital Growth Fund common shares coded as a “P” transaction, which denotes a purchase in the SEC’s transaction coding system.

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

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Accepted by SEC EDGAR 05/27/2026 - 04:41 PM EDT 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 David C

(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)
	CFO, CCO, Secretary, Treasurer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

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	05/22/2026		P		10,000	A	$9.998	220,032.1	D
Common Stock								27,900.73	I	By Spouse(1)
Common Stock								60	I	By Children

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	05/27/2026
	** 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)