Hennessy Advisors Officer Proposes $50,800 Share Sale

The notice lists an aggregate market value of $50,800 and an approximate sale date of September 24, 2026.

Available on EDGAR 09/24/2026 - 01:57 PM EDT Accepted by SEC EDGAR 09/24/2026 - 01:56 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

At HENNESSY ADVISORS INC, officer Daniel B. Steadman reported a proposed sale of 5,000 common shares. The shares are listed for sale through Fidelity Brokerage Services LLC at an aggregate market value of $50,800, with an approximate sale date of September 24, 2026, on NASDAQ. Steadman acquired the shares from the issuer as a stock award on September 18, 2025.

Key Figures

Shares listed for sale: 5,000 common shares Aggregate market value: $50,800 Shares outstanding: 7,904,410 shares +1 more

4 metrics

Shares listed for sale 5,000 common shares Proposed sale by Daniel B. Steadman

Aggregate market value $50,800 Shares listed for sale

Shares outstanding 7,904,410 shares Issuer share count shown in the securities information

Shares acquired as stock award 5,000 shares Acquired from the issuer on September 18, 2025

Key Terms

Rule 144, aggregate market value, Stock Award, attorney-in-fact

4 terms

Rule 144 regulatory

"definition of "person" in paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

aggregate market value financial

"5000 | 50800.00"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

Stock Award financial

"Stock Award | Issuer"

attorney-in-fact technical

"as attorney-in-fact for Daniel Steadman"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

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

How many HNNA shares does Daniel B. Steadman propose to sell?

Daniel B. Steadman, an officer of HENNESSY ADVISORS INC, listed 5,000 common shares for sale at an aggregate market value of $50,800. The approximate sale date is September 24, 2026, through Fidelity Brokerage Services LLC, on NASDAQ.

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

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001165096
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	HENNESSY ADVISORS INC
SEC File Number	001-36423
Address of Issuer	7250 REDWOOD BLVD. SUITE 200 NOVATO CALIFORNIA 94945
Phone	415-899-1555
Name of Person for Whose Account the Securities are To Be Sold	STEADMAN DANIEL B
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLc 245 Summer Street Boston MA 02110	5000	50800.00	7904410	09/24/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/18/2025	Stock Award	Issuer			5000	09/18/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/24/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Christian Nasser as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Daniel Steadman
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)