PhenixFIN CEO buys 42,065 shares at $39.95
PhenixFIN Corp director and CEO David A. Lorber reported an open-market purchase of 42,065 shares of common stock at a weighted average price of $39.95 per share on May 12, 2026.
Rhea-AI Filing Summary
PhenixFIN Corp director and CEO David A. Lorber reported an open-market purchase of 42,065 shares of common stock at a weighted average price of $39.95 per share on May 12, 2026. A footnote explains these shares were bought in multiple trades between $39.00 and $40.00.
After this transaction, Lorber directly owns 245,198 common shares. His indirect holdings include 3,378 shares held in his spouse’s retirement account. His reported beneficial ownership also reflects 56,537 shares previously received as an in-kind distribution from FrontFour Master Fund, Ltd.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 42,065 shares
Net Buy
2 txns
Insider
Lorber David A
Role
CHAIRMAN AND CEO
Bought
42,065 shs ($1.68M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | COMMON STOCK | 42,065 | $39.95 | $1.68M |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 245,198 shares (Direct);
COMMON STOCK — 3,378 shares (Indirect, By spouse)
Footnotes (3)
- F1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $39.00 to $40.00, inclusive. The reporting person undertakes to provide to PhenixFIN Corporation, any security holder of PhenixFIN Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.
- F2. Includes 56,537 shares received as an in-kind distribution from FrontFour Master Fund, Ltd. In prior reports, the reporting person reported beneficial ownership of 81,662.416 shares of PhenixFIN Corporation common stock held by FrontFour Master Fund, Ltd.
- F3. Shares held in the reporting person's spouse's retirement account.
Key Figures
Shares purchased: 42,065 shares
Weighted average purchase price: $39.95 per share
Purchase price range: $39.00–$40.00 per share
+4 more
7 metrics
Shares purchased
42,065 shares
Open-market purchase of common stock on May 12, 2026
Weighted average purchase price
$39.95 per share
Price for 42,065 common shares bought in multiple trades
Purchase price range
$39.00–$40.00 per share
Range of individual transaction prices for the reported purchase
Direct holdings after transaction
245,198 shares
Total direct PhenixFIN common shares owned by Lorber after purchase
Indirect spouse holdings
3,378 shares
Shares held in the reporting person’s spouse’s retirement account
In-kind distribution received
56,537 shares
Shares received from FrontFour Master Fund, Ltd as in-kind distribution
Prior fund-reported holdings
81,662.416 shares
Earlier reported PhenixFIN shares held by FrontFour Master Fund, Ltd
Key Terms
weighted average price, in-kind distribution, retirement account, beneficial ownership
4 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
in-kind distribution financial
"Includes 56,537 shares received as an in-kind distribution from FrontFour Master Fund, Ltd."
A distribution of value to shareholders or beneficiaries made by transferring assets instead of paying cash, such as shares, bonds, or property. Like receiving a box of goods rather than money, it changes what you hold rather than adding liquid funds; investors care because it affects a portfolio’s composition, liquidity, tax reporting, and cost basis for the received assets.
retirement account financial
"Shares held in the reporting person's spouse's retirement account."
beneficial ownership financial
"the reporting person reported beneficial ownership of 81,662.416 shares of PhenixFIN Corporation common stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did PhenixFIN Corp (PFX) report for David A. Lorber?
PhenixFIN Corp reported that David A. Lorber purchased 42,065 shares of common stock in an open-market transaction. The weighted average purchase price was $39.95 per share, reflecting multiple trades within a disclosed price range between $39.00 and $40.00.
What does the in-kind distribution mentioned in the PhenixFIN Corp (PFX) Form 4 mean?
The filing notes that Lorber’s beneficial ownership includes 56,537 shares received as an in-kind distribution from FrontFour Master Fund, Ltd. A prior report had shown 81,662.416 shares held by that fund, indicating part of those shares was distributed directly to him.
How are David A. Lorber’s indirect PhenixFIN Corp (PFX) holdings structured?
Lorber’s indirect holdings consist of 3,378 shares of PhenixFIN Corp common stock in his spouse’s retirement account. The filing labels these shares as indirectly owned, clarifying that they are held for the benefit of his spouse rather than in his direct brokerage account.
AI-generated analysis. How Rhea-AI works. Not financial advice.
