High Income Securities Fund (PCF) director buys 25K shares in open market
Rhea-AI Filing Summary
HIGH INCOME SECURITIES FUND (PCF) director and adviser affiliate Phillip Goldstein reported open-market purchases of the fund’s Common Stock. He bought 10,000 shares at $5.37 and 10,000 shares at $5.40 on August 19, 2026, and 5,000 shares at $5.34 on August 20, 2026, all held directly. The Rule 10b5-1 checkbox was not marked as relying on a trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 25,000 shares
Net Buy
3 txns
Insider
GOLDSTEIN PHILLIP
Role
Director
Bought
25,000 shs ($134K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 5,000 | $5.34 | $27K |
| Purchase | Common Stock | 10,000 | $5.40 | $54K |
| Purchase | Common Stock | 10,000 | $5.37 | $54K |
Holdings After Transaction:
Common Stock — 72,860 shares (Direct)
Key Figures
Shares purchased August 19, 2026 (lot 1): 10,000 shares at $5.37
Shares purchased August 19, 2026 (lot 2): 10,000 shares at $5.40
Shares purchased August 20, 2026: 5,000 shares at $5.34
+1 more
4 metrics
Shares purchased August 19, 2026 (lot 1)
10,000 shares at $5.37
Open-market purchase of PCF Common Stock by Phillip Goldstein
Shares purchased August 19, 2026 (lot 2)
10,000 shares at $5.40
Second same-day open-market purchase of PCF Common Stock
Shares purchased August 20, 2026
5,000 shares at $5.34
Open-market purchase of PCF Common Stock by Phillip Goldstein
Total shares bought in reported transactions
25,000 shares
Sum of three reported PCF Common Stock purchases
Key Terms
open market or private transaction, Rule 10b5-1, Affiliate of the Adviser
3 terms
open market or private transaction financial
"transaction_code_description: Purchase in open market or private transaction"
Rule 10b5-1 regulatory
"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"
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.
Affiliate of the Adviser financial
"other: Affiliate of the Adviser"
FAQ
What insider activity did PCF disclose in this Form 4?
PCF disclosed that director and adviser affiliate Phillip Goldstein purchased a total of 25,000 shares of the fund’s Common Stock in open-market transactions on August 19–20, 2026, at prices between $5.34 and $5.40 per share.
Were Phillip Goldstein’s PCF trades under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox was not affirmed, so these reported PCF share purchases were not designated as being made pursuant to a Rule 10b5-1 trading plan.
Does the Form 4 show Phillip Goldstein’s total PCF holdings after these trades?
No. The Form 4 lists each PCF purchase but leaves the field for total shares following the transaction blank, so it does not state Goldstein’s overall holdings after these trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
