Hennessy Advisors awards director 5,600 shares

HNNA director Lydia D Knight ORiordan received a 5,600-share stock unit award that vests over four years, bringing her direct holdings to 26,900 shares.

Rhea-AI Filing Summary

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

HENNESSY ADVISORS INC (HNNA) reported that director Lydia D Knight ORiordan received a grant of 5,600 shares of common stock on September 18, 2026 as a compensation award. These shares are described as underlying stock units that will vest 25% per year beginning on September 18, 2027. After this award, she holds 26,900 shares of common stock directly, including the stock units subject to vesting. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Grant/Award: 5,600 shares

Grant/Award 1 txn

Insider Knight ORiordan Lydia D

Role Director

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

Holdings After Transaction: Common Stock — 26,900 shares (Direct)

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 Post-transaction holdings: 26,900 shares Vesting rate: 25% per year +1 more

4 metrics

Shares granted 5,600 shares Common stock award to director on September 18, 2026

Post-transaction holdings 26,900 shares Director’s direct holdings after the award

Vesting rate 25% per year Stock units vest annually beginning September 18, 2027

Vesting start date September 18, 2027 First vesting date for the 5,600 stock units

Key Terms

underlying stock units, vest, grant, award, or other acquisition

3 terms

underlying stock units financial

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

vest financial

"underlying stock units that will vest 25% per year beginning on September 18, 2027"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

grant, award, or other acquisition financial

"transaction described as a grant, award, or other acquisition of common stock"

FAQ

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

What transaction did HNNA report for director Lydia D Knight ORiordan?

HENNESSY ADVISORS INC reported that director Lydia D Knight ORiordan received a grant of 5,600 shares of common stock on September 18, 2026 as a compensation award, with no cash price per share reported.

How many HNNA shares does the director hold after this Form 4 transaction?

After the reported grant, Lydia D Knight ORiordan directly holds 26,900 shares of HENNESSY ADVISORS INC common stock, including the 5,600 underlying stock units that are subject to vesting.

What is the vesting schedule for the 5,600 HNNA stock units granted?

The 5,600 underlying stock units will vest 25% per year, beginning on September 18, 2027, resulting in four equal annual vesting installments if service conditions are met.

Was the HNNA director’s stock award made under a Rule 10b5-1 trading plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported in connection with this stock grant.

What transaction code was used for the HNNA director’s award on Form 4?

The transaction used code A, which the filing describes as a grant, award, or other acquisition of common stock, reflecting that this was a compensation-related stock grant rather than a market purchase.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/22/2026 - 05:11 PM Accepted by SEC EDGAR 09/22/2026 - 05:10 PM 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^*

Knight ORiordan Lydia D

(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	26,900(1)	D

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 Lydia D. Knight-O'Riordan	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)