Hennessy Advisors director gets 5,600-share award

Hennessy Advisors director Susan Weber Pomilia received a 5,600-share equity award that vests in four annual installments starting September 18, 2027.

Available on EDGAR 09/22/2026 - 05:20 PM EDT Accepted by SEC EDGAR 09/22/2026 - 05:20 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

HENNESSY ADVISORS INC (symbol: HNNA) is the issuer of record for a Form 4 filing submitted to the SEC. Pomilia Susan Weber reported acquisition or exercise transactions in this Form 4 filing.

HENNESSY ADVISORS INC (HNNA) reported that director Susan Weber Pomilia received an equity grant covering 5,600 shares of Common Stock on September 18, 2026 as a grant or award at a stated price of $0.00 per share. According to a footnote, these represent underlying stock units that will vest 25% per year beginning on September 18, 2027.

After this award, Pomilia holds 55,487 shares of HNNA Common Stock directly, plus an additional 67,619 shares reported as indirectly owned through her spouse's IRA. No transactions were reported under a Rule 10b5-1 trading plan.

Insider Trade Summary

Grant/Award: 5,600 shares

Grant/Award 1 txn

Insider Pomilia Susan Weber

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	5,600	$0.00	$0.00
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 55,487 shares (Direct); Common Stock — 67,619 shares (Indirect, By Spouse's IRA)

Footnotes (1)

1. F1. Includes 5,600 shares of underlying stock units that will vest 25% per year beginning on September 18, 2027.

Key Figures

Shares granted: 5,600 shares Grant price: $0.00 per share Direct holdings after transaction: 55,487 shares +3 more

6 metrics

Shares granted 5,600 shares Equity grant of Common Stock on September 18, 2026

Grant price $0.00 per share Stated transaction price for the 5,600-share award

Direct holdings after transaction 55,487 shares Common Stock directly owned by Pomilia after the grant

Indirect holdings 67,619 shares Common Stock held indirectly by Spouse's IRA

Vesting rate 25% per year Vesting schedule for the 5,600 underlying stock units

Vesting start date September 18, 2027 First vesting date for the underlying stock units

Key Terms

underlying stock units, Rule 10b5-1, indirect ownership, IRA

4 terms

underlying stock units financial

"Includes 5,600 shares of underlying stock units that will vest 25% per year"

Rule 10b5-1 regulatory

"No transactions were reported under a Rule 10b5-1 trading plan"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

indirect ownership financial

"reported as indirectly owned through her spouse's IRA"

IRA financial

"67,619 shares reported as indirectly owned through her spouse's IRA"

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

FAQ

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

What did HNNA director Susan Weber Pomilia report in this Form 4?

She reported a grant of 5,600 shares of HENNESSY ADVISORS INC Common Stock on September 18, 2026 as a grant or award acquisition, with a stated price of $0.00 per share, reflected as underlying stock units that vest over time.

How do the 5,600 HNNA shares granted to Susan Weber Pomilia vest?

A footnote states the grant includes 5,600 shares of underlying stock units that will vest 25% per year beginning on September 18, 2027, implying four equal annual vesting installments.

How many HNNA shares does Susan Weber Pomilia own directly after the reported grant?

Following the September 18, 2026 grant, Susan Weber Pomilia is reported as owning 55,487 shares of HENNESSY ADVISORS INC Common Stock in direct ownership.

What indirect HNNA holdings are reported for Susan Weber Pomilia?

The Form 4 lists an indirect holding entry of 67,619 shares of HENNESSY ADVISORS INC Common Stock held “By Spouse's IRA”, reported as indirect ownership separate from her directly held shares.

Was Pomilia’s HNNA equity grant made under a Rule 10b5-1 trading plan?

The document-level Rule 10b5-1 checkbox is unchecked, and no footnote describes a trading plan, so the filing does not state that the reported transaction was made under a Rule 10b5-1 plan.

What transaction code is used for Susan Weber Pomilia’s HNNA grant?

The transaction uses code A, which the filing describes as a grant, award, or other acquisition of 5,600 shares of HENNESSY ADVISORS INC Common Stock on September 18, 2026.

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

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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^*

Pomilia Susan Weber

(Last) (First) (Middle)

7250 REDWOOD BLVD

SUITE 200

(Street)

NOVATO CALIFORNIA 94945

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HENNESSY ADVISORS INC [ HNNA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026

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	09/18/2026		A(1)		5,600	A	$0	55,487(1)	D
Common Stock								67,619	I	By Spouse's IRA

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. Includes 5,600 shares of underlying stock units that will vest 25% per year beginning on September 18, 2027.

	/s/ Teresa M. Nilsen, Attorney-in-Fact for Susan W. Pomilia	09/22/2026
	** 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)