Hennessy Advisors EVP Steadman gifts 2,000 shares

A separate entry lists 2,250 Hennessy Advisors common shares held indirectly for the benefit of a child.

Rhea-AI Filing Summary

Hennessy Advisors Inc. Executive VP Daniel B. Steadman reported a gift disposition of 2,000 common shares on September 30, 2026. The transaction is identified as a bona fide gift rather than a purchase or sale. After the gift, his reported direct holding was 35,768 shares.

Insider Trade Summary

2,000 shares gifted

Gift 2 txns

Insider STEADMAN DANIEL B

Role Executive VP

Type	Security	Shares	Price	Value
Gift	Common Stock	2,000	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 35,768 shares (Direct); Common Stock — 2,250 shares (Indirect, FBO Child)

Key Figures

Common shares gifted: 2,000 shares Direct common shares held: 35,768 shares Indirect common shares held: 2,250 shares

3 metrics

Common shares gifted 2,000 shares September 30, 2026

Direct common shares held 35,768 shares Following the September 30, 2026 gift

Indirect common shares held 2,250 shares Held for the benefit of a child

Key Terms

Bona fide gift, Direct ownership, Indirect ownership

3 terms

Bona fide gift regulatory

"identified as a bona fide gift rather than a purchase or sale"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

Direct ownership financial

"reported direct holding was 35,768 shares"

Indirect ownership financial

"shares held indirectly for the benefit of a child"

FAQ

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

How many shares did HNNA Executive VP Daniel B. Steadman gift?

Daniel B. Steadman reported a gift of 2,000 common shares on September 30, 2026. His reported direct holding afterward was 35,768 shares. The transaction was identified as a bona fide gift rather than a purchase or sale.

How many HNNA shares did Daniel B. Steadman hold indirectly?

A separate holding entry lists 2,250 Hennessy Advisors common shares held indirectly for the benefit of a child. This is separate from the 35,768 shares reported as held directly after the gift.

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

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Available on EDGAR 10/01/2026 - 04:13 PM Accepted by SEC EDGAR 10/01/2026 - 04:13 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^*

STEADMAN DANIEL B

(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)

	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
	Executive VP		Advisory Committee Member

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

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	09/30/2026		G		2,000	D	$0	35,768	D
Common Stock								2,250	I	FBO Child

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:

	/s/ Teresa M. Nilsen, Attorney-in-Fact for Daniel B. Steadman	10/01/2026
	** 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)