Hennessy Advisors director granted 5,600 shares

HENNESSY ADVISORS INC (HNNA) reports that director Thomas L. Seavey received a grant of 5,600 shares of common stock on September 18, 2026 as a grant, award, or other acquisition at a stated price of $0.00 per share.

Rhea-AI Filing Summary

HENNESSY ADVISORS INC (HNNA) reports that director Thomas L. Seavey received a grant of 5,600 shares of common stock on September 18, 2026 as a grant, award, or other acquisition at a stated price of $0.00 per share. Following this award, he holds 61,629 shares of common stock directly, including 5,600 shares represented by underlying stock units that will vest 25% per year beginning on September 18, 2027.

Insider Trade Summary

Grant/Award: 5,600 shares

Grant/Award 1 txn

Insider SEAVEY THOMAS L

Role Director

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

Holdings After Transaction: Common Stock — 61,629 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 Price per share: $0.00 per share Shares held after transaction: 61,629 shares +2 more

5 metrics

Shares granted 5,600 shares Grant, award, or other acquisition of common stock on September 18, 2026

Price per share $0.00 per share Stated transaction price for the 5,600-share grant

Shares held after transaction 61,629 shares Total direct ownership by Thomas L. Seavey following the grant

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

Vesting commencement date September 18, 2027 Date on which the 25%-per-year vesting of stock units begins

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

"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 code indicates a grant, award, or other acquisition of common stock"

FAQ

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

What insider transaction did HNNA disclose for director Thomas L. Seavey?

HNNA disclosed that director Thomas L. Seavey received a grant of 5,600 shares of common stock on September 18, 2026 as a grant, award, or other acquisition at a stated price of $0.00 per share.

How many HNNA shares does Thomas L. Seavey hold after this Form 4 transaction?

After the reported transaction, Thomas L. Seavey directly holds 61,629 shares of HNNA common stock. This total includes 5,600 shares represented by underlying stock units subject to a vesting schedule.

What is the vesting schedule for the 5,600 HNNA stock units granted to Thomas L. Seavey?

The 5,600 underlying stock units granted to Thomas L. Seavey will vest 25% per year, beginning on September 18, 2027, according to the filing footnote.

Did Thomas L. Seavey buy or sell HNNA shares on the open market in this filing?

No. The Form 4 reports a grant, award, or other acquisition of 5,600 shares of HNNA common stock at a stated price of $0.00 per share; it does not report any open-market purchases or sales.

Is the HNNA Form 4 transaction under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan (it is reported as false), and the footnotes do not state that the award was made under a Rule 10b5-1 plan.

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

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Available on EDGAR 09/22/2026 - 05:13 PM Accepted by SEC EDGAR 09/22/2026 - 05:12 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^*

SEAVEY THOMAS L

(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	61,629(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 Thomas L. Seavey	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)