PhenixFIN director buys 11,500 shares in open market

PhenixFIN Corp director and ten percent owner Howard Amster reported an open-market purchase of common stock.

Rhea-AI Filing Summary

PhenixFIN Corp director and ten percent owner Howard Amster reported an open-market purchase of common stock. On March 3, 2026, he bought 11,500 shares of PhenixFIN common stock at $42.56 per share, bringing his directly held stake to 248,248 shares.

In addition to these direct holdings, Amster is also reported as the beneficial owner of several indirect positions through charitable remainder unitrusts and Pleasant Lake Corp, where he serves as trustee or president. These indirect holdings total several thousand shares across the listed entities.

Insider Trade Summary

Net Buyer: 11,500 shares

Net Buy 6 txns

Insider Amster Howard

Role Director, 10% Owner

Bought 11,500 shs ($489K)

Type	Security	Shares	Price	Value
Purchase	COMMON STOCK, $0.001 par value	11,500	$42.56	$489K
holding	COMMON STOCK, $0.001 par value	--	--	--
holding	COMMON STOCK, $0.001 par value	--	--	--
holding	COMMON STOCK, $0.001 par value	--	--	--
holding	COMMON STOCK, $0.001 par value	--	--	--
holding	COMMON STOCK, $0.001 par value	--	--	--

Holdings After Transaction: COMMON STOCK, $0.001 par value — 248,248 shares (Direct); COMMON STOCK, $0.001 par value — 409 shares (Indirect, By Howard Amster 2021 Charitable Remainder Unitrust 1); COMMON STOCK, $0.001 par value — 9,233 shares (Indirect, By Howard Amster 2021 Charitable Remainder Unitrust 2); COMMON STOCK, $0.001 par value — 424 shares (Indirect, By Howard Amster Charitable Remainder Unitrust U/A DTD 04/22/1998); COMMON STOCK, $0.001 par value — 557 shares (Indirect, By Pleasant Lake Corp); COMMON STOCK, $0.001 par value — 16,604 shares (Indirect, By Howard Amster 2019 Charitable Remainder Unitrust 1)

Footnotes (5)

1. F1. These shares are deemed to be beneficially owned by Howard Amster as a result of his capacity as trustee of Howard Amster 2021 Charitable Remainder Unitrust 1.
2. F2. These shares are deemed to be beneficially owned by Howard Amster as a result of his capacity as trustee of Howard Amster 2021 Charitable Remainder Unitrust 2.
3. F3. These shares are deemed to be beneficially owned by Howard Amster as a result of his capacity as trustee of Howard Amster Charitable Remainder Unitrust U/A DTD 04/22/1998.
4. F4. These shares are deemed to be beneficially owned by Howard Amster as a result of his capacity as President of Pleasant Lake Corp.
5. F5. These shares are deemed to be beneficially owned by Howard Amster as a result of his capacity as trustee of Howard Amster 2019 Charitable Remainder Unitrust 1.

FAQ

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

What insider transaction did Howard Amster report at PhenixFIN Corp (PFX)?

Howard Amster reported an open-market purchase of 11,500 PhenixFIN common shares on March 3, 2026. The transaction was coded as a purchase, indicating he increased his direct investment stake in the company’s common stock on that date.

At what price did Howard Amster buy PhenixFIN (PFX) shares in this Form 4 filing?

Howard Amster bought 11,500 PhenixFIN common shares at a reported price of $42.56 per share. This price reflects the execution level for the open-market purchase disclosed for March 3, 2026, and applies to the entire reported share block.

How many PhenixFIN (PFX) shares does Howard Amster own directly after this transaction?

After the reported purchase, Howard Amster directly holds 248,248 PhenixFIN common shares. This figure represents his direct ownership only and does not include additional shares beneficially owned through various charitable remainder unitrusts and Pleasant Lake Corp.

What indirect PhenixFIN (PFX) holdings are attributed to Howard Amster in this Form 4?

The filing attributes indirect beneficial ownership to Howard Amster through several charitable remainder unitrusts and Pleasant Lake Corp. These entities collectively hold multiple blocks of PhenixFIN common shares, with Amster listed as trustee or president, creating additional indirect exposure beyond his direct holdings.

What is Howard Amster’s role at PhenixFIN Corp (PFX) according to the filing?

Howard Amster is identified as both a director and a ten percent owner of PhenixFIN Corp. This dual status highlights his significant governance role on the board and his substantial equity stake, combining direct ownership with indirect holdings through related entities.

Does the Form 4 indicate whether the PhenixFIN (PFX) trade was open-market or private?

Yes. The transaction is described as an open-market purchase under the code for a purchase in open market or private transaction. The filing specifies the buy as an open-market purchase at a per-share price of $42.56 on March 3, 2026.

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

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Accepted by SEC EDGAR 03/05/2026 - 06:25 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^*

Amster Howard

(Last) (First) (Middle)

445 PARK AVENUE, 10TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PhenixFIN Corp [ PFX ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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, $0.001 par value	03/03/2026		P		11,500	A	$42.56	248,248	D
COMMON STOCK, $0.001 par value								409	I	By Howard Amster 2021 Charitable Remainder Unitrust 1(1)
COMMON STOCK, $0.001 par value								9,233	I	By Howard Amster 2021 Charitable Remainder Unitrust 2(2)
COMMON STOCK, $0.001 par value								424	I	By Howard Amster Charitable Remainder Unitrust U/A DTD 04/22/1998(3)
COMMON STOCK, $0.001 par value								557	I	By Pleasant Lake Corp(4)
COMMON STOCK, $0.001 par value								16,604	I	By Howard Amster 2019 Charitable Remainder Unitrust 1(5)

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. These shares are deemed to be beneficially owned by Howard Amster as a result of his capacity as trustee of Howard Amster 2021 Charitable Remainder Unitrust 1.

2. These shares are deemed to be beneficially owned by Howard Amster as a result of his capacity as trustee of Howard Amster 2021 Charitable Remainder Unitrust 2.

3. These shares are deemed to be beneficially owned by Howard Amster as a result of his capacity as trustee of Howard Amster Charitable Remainder Unitrust U/A DTD 04/22/1998.

4. These shares are deemed to be beneficially owned by Howard Amster as a result of his capacity as President of Pleasant Lake Corp.

5. These shares are deemed to be beneficially owned by Howard Amster as a result of his capacity as trustee of Howard Amster 2019 Charitable Remainder Unitrust 1.

	/s/ Howard Amster	03/05/2026
	** 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.