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.

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)

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

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

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.

How many GRF shares does Luke E. Sims own directly after this transaction?

After the reported purchase, Luke E. Sims directly holds 297,827 shares of EAGLE CAPITAL GROWTH FUND, INC. common stock, as shown in the Form 4’s post-transaction holdings field.

Are there any indirect GRF share holdings reported for Luke E. Sims?

Yes. The Form 4 lists 11,389 shares of GRF common stock held indirectly "By Spouse." A footnote states that Luke E. Sims disclaims ownership and that the report is not an admission of beneficial ownership.

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.

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Available on EDGAR 09/03/2026 - 05:50 PM EDT Accepted by SEC EDGAR 09/03/2026 - 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 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)
09/01/2026

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	09/01/2026		P		2,560	A	$9.9903	297,827	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	09/03/2026
	** 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)