Virtus Equity & Convertible Income Fund (NIE) insider sells 4.5K shares back to fund

Q: What insider transaction did NIE report for Michael Yee on this Form 4?

Michael Yee reported a disposition to the issuer of 4,505.168 shares of Virtus Equity & Convertible Income Fund (NIE) on 2026-08-10 at $26.55 per share . This transaction reduced his directly held stake in these shares to zero .

Q: How many NIE shares did Michael Yee dispose of in this transaction?

Michael Yee disposed of 4,505.168 shares of Virtus Equity & Convertible Income Fund (NIE). The disposition, coded as a "Disposition to issuer" (D) , left him with 0 shares directly owned after the reported transaction.

Q: Was Michael Yee’s NIE transaction reported as under a Rule 10b5-1 plan?

No. The filing’s indicator for Rule 10b5-1 status is set to false , meaning the transaction was not affirmed as executed under a pre-arranged Rule 10b5-1 trading plan in this report.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Virtus Equity & Convertible Income Fund (NIE) reporting person Michael Yee filed a Form 4 disclosing a disposition to the issuer of 4,505.168 shares of the fund on 2026-08-10 at a price of $26.55 per share. Following this transaction, his directly held position in these shares is reported as 0 shares. The filing’s Rule 10b5-1 checkbox is not marked as being made under a trading plan.

Insider Trade Summary

Net Seller: 4,505.168 shares

Net Sell 1 txn

Insider YEE MICHAEL

Role Insider

Type	Security	Shares	Price	Value
Disposition	Virtus Equity & Convertible Income Fund	4,505.168	$26.55	$120K

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

Key Figures

Shares Disposed: 4,505.168 shares Transaction Price: $26.55 per share Shares After Transaction: 0.0000 shares +2 more

5 metrics

Shares Disposed 4,505.168 shares Non-derivative disposition to issuer on 2026-08-10

Transaction Price $26.55 per share Per-share price for disposition of 4,505.168 shares

Shares After Transaction 0.0000 shares Total non-derivative shares directly owned following transaction

Transaction Date 2026-08-10 Execution date of disposition to issuer

Transaction Code D Code D indicates a disposition to issuer of non-derivative securities

Key Terms

Disposition to issuer, non-derivative, Form 4, Rule 10b5-1

4 terms

Disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

non-derivative financial

"transaction_type": "non-derivative""

Form 4 regulatory

"Michael Yee filed a Form 4 disclosing a disposition"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Rule 10b5-1 regulatory

"The filing’s Rule 10b5-1 checkbox is not marked"

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.

FAQ

What insider transaction did NIE report for Michael Yee on this Form 4?

Michael Yee reported a disposition to the issuer of 4,505.168 shares of Virtus Equity & Convertible Income Fund (NIE) on 2026-08-10 at $26.55 per share. This transaction reduced his directly held stake in these shares to zero.

How many NIE shares did Michael Yee dispose of in this transaction?

Michael Yee disposed of 4,505.168 shares of Virtus Equity & Convertible Income Fund (NIE). The disposition, coded as a "Disposition to issuer" (D), left him with 0 shares directly owned after the reported transaction.

At what price were Michael Yee’s NIE shares disposed of?

The reported disposition of Michael Yee’s NIE shares occurred at $26.55 per share. This price is listed as the per-share transaction price for the 4,505.168 shares transferred back to the issuer on 2026-08-10.

What is Michael Yee’s direct NIE shareholding after the reported Form 4 transaction?

After the reported transaction, Michael Yee’s directly held position in Virtus Equity & Convertible Income Fund (NIE) is 0 shares. The Form 4 lists total shares following transaction: 0.0000 for this non-derivative holding.

Was Michael Yee’s NIE transaction reported as under a Rule 10b5-1 plan?

No. The filing’s indicator for Rule 10b5-1 status is set to false, meaning the transaction was not affirmed as executed under a pre-arranged Rule 10b5-1 trading plan in this report.

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

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

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/17/2026 - 10:25 AM Accepted by SEC EDGAR 08/17/2026 - 10:25 AM

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)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Virtus Equity & Convertible Income Fund	08/10/2026		D		4,505.168	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	Heather Imbey	08/10/2026
	** 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)

Source: View Original Filing on SEC EDGAR