Eagle Capital CEO buys 2,560 GRF shares
GRF’s President & CEO increased his direct common stock holdings with an open-market purchase and reported additional spouse-held shares he disclaims beneficial ownership of.
Rhea-AI Filing Summary
EAGLE CAPITAL GROWTH FUND, INC. (GRF) reports that President & CEO Luke E. Sims purchased 2,560 shares of common stock on September 1, 2026 at $9.9903 per share in an open-market or private transaction, bringing his direct holding to 297,827 shares.
He also reports 11,389 shares held indirectly by his spouse, but expressly disclaims beneficial ownership of those securities for Section 16 or other purposes. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,560 shares
Net Buy
2 txns
Insider
SIMS LUKE E
Role
President & CEO
Bought
2,560 shs ($26K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,560 | $9.9903 | $26K |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 297,827 shares (Direct);
Common Stock — 11,389 shares (Indirect, By Spouse)
Footnotes (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
Shares purchased: 2,560 shares
Purchase price per share: $9.9903 per share
Direct holdings after transaction: 297,827 shares
+2 more
5 metrics
Shares purchased
2,560 shares
Common stock purchased by Luke E. Sims on September 1, 2026
Purchase price per share
$9.9903 per share
Price paid for GRF common stock on September 1, 2026
Direct holdings after transaction
297,827 shares
GRF common stock directly owned by Luke E. Sims after the purchase
Indirect spouse holdings
11,389 shares
GRF common stock held indirectly by spouse, with beneficial ownership disclaimed
Net buy shares
2,560 shares
Net buy activity across all reported transactions in this Form 4
Key Terms
beneficial owner, Section 16
2 terms
beneficial owner regulatory
"not be deemed an admission that the reporting person is the beneficial owner"
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.
Section 16 regulatory
"beneficial owner of these securities 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
What insider transaction did GRF’s President & CEO report on this Form 4?
Luke E. Sims, President & CEO of GRF, reported purchasing 2,560 shares of common stock on September 1, 2026 at $9.9903 per share in an open-market or private transaction.
Did the GRF Form 4 indicate a Rule 10b5-1 trading plan for this purchase?
No. The document-level Rule 10b5-1 checkbox is not checked, so the reported purchase was not affirmed as being made under a Rule 10b5-1 trading plan.
What type of transaction code appears for the GRF insider purchase?
The purchase of GRF common stock is reported with transaction code P, described as a "Purchase in open market or private transaction" on September 1, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
