Virtus NIE PM sells $122K, clears direct stake

Rhea-AI Filing Summary

Virtus Equity & Convertible Income Fund (NIE) insider Michael Yee, identified as a PM, reported an amended Form 4 showing the sale of 4,605.1684 shares on August 10, 2026 at $26.55 per share in an open market or private transaction, reducing his direct holdings to zero shares. The amendment corrects the transaction code and share amount previously reported.

Insider Trade Summary

Net Seller: 4,605.1684 shares

Net Sell 1 txn

Insider YEE MICHAEL

Role Insider

Sold 4,605.1684 shs ($122K)

Type	Security	Shares	Price	Value
Sale	Virtus Equity & Convertible Income Fund	4,605.1684	$26.55	$122K

Holdings After Transaction: Virtus Equity & Convertible Income Fund — 0 shares (Direct)

Key Figures

Shares sold: 4,605.1684 shares Sale price per share: $26.55 per share Approximate transaction value: about $122,267 +2 more

5 metrics

Shares sold 4,605.1684 shares Non-derivative sale on August 10, 2026

Sale price per share $26.55 per share Price for the August 10, 2026 sale transaction

Approximate transaction value about $122,267 4,605.1684 shares sold at $26.55 per share

Shares owned after transaction 0.0000 shares Direct holdings following the reported sale

Sell transactions in this filing 1 sale Transaction summary for this Form 4/A

Key Terms

Form 4/A, open market or private transaction, non-derivative, direct ownership

4 terms

Form 4/A regulatory

"Amending to correct transaction Code from D to S"

Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.

open market or private transaction financial

"transaction_code_description: Sale in open market or private transaction"

non-derivative financial

"transaction_type: non-derivative"

direct ownership financial

"ownership_type: direct"

FAQ

What insider transaction did NIE report on this amended Form 4/A?

The filing reports that Michael Yee sold 4,605.1684 shares of Virtus Equity & Convertible Income Fund (NIE) on August 10, 2026 in a sale classified as an open market or private transaction, with the transaction coded as a disposition of shares.

At what price were the NIE shares sold by Michael Yee?

Michael Yee’s reported sale of Virtus Equity & Convertible Income Fund (NIE) shares was executed at a price of $26.55 per share. This price is identified as a per-share transaction price for the 4,605.1684 shares sold on August 10, 2026.

How many NIE shares does Michael Yee hold after this transaction?

After the reported sale, Michael Yee’s direct holdings of Virtus Equity & Convertible Income Fund (NIE) common shares are 0.0000 shares, meaning no directly held shares remain following the August 10, 2026 transaction.

What was corrected in this amended Form 4/A for NIE?

The amendment states it corrects the transaction code from D to S and adjusts the number of shares sold from 4,505.168 to 4,605.1684 shares, refining both the classification and size of the originally reported disposition.

What is the approximate total value of the NIE shares sold by Michael Yee?

Based on the reported 4,605.1684 shares sold at $26.55 per share, the approximate transaction value is about $122,267. This value is derived by multiplying the disclosed share count by the disclosed per-share sale price.

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

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Available on EDGAR 08/26/2026 - 03:56 PM Accepted by SEC EDGAR 08/26/2026 - 03:55 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^*

YEE MICHAEL

(Last) (First) (Middle)

600 WEST BROADWAY

SUITE 2900

(Street)

SAN DIEGO CALIFORNIA 92101

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Virtus Equity & Convertible Income Fund [ NIE ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026

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)
08/18/2026

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
Virtus Equity & Convertible Income Fund	08/10/2026		S		4,605.1684	D	$26.55	0	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:

Remarks:

Amending to correct transaction Code from D to S and to correct number of shares sold from 4505.168 to 4605.1684

	Brenda DeBlasio	08/26/2026
	** 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)