Royce Micro-Cap Trust (RMT) Form 4: Director Purchases 2,100 Shares

Rhea-AI Filing Summary

Royce Micro-Cap Trust, Inc. (RMT) reported an insider purchase by Christopher D. Clark on 08/26/2025. Mr. Clark acquired 2,100 shares of Common Stock at $10.16 per share, bringing his direct beneficial ownership to 59,721 shares. The Form 4 indicates the transaction code "P" (purchase) and lists Mr. Clark as a director and President of the investment adviser. The filing contains no other transactions or derivative activity.

Positive

• Insider purchase disclosed: Christopher D. Clark acquired 2,100 shares at $10.16 on 08/26/2025
• Increased direct ownership: Ownership rose to 59,721 shares, providing updated insider stake information

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider purchase of 2,100 shares at $10.16 increases direct ownership to 59,721 shares; small, routine transaction.

The Form 4 shows a straightforward open-market purchase by Christopher D. Clark on 08/26/2025. At 2,100 shares and $10.16 per share, the trade size appears modest relative to typical institutional positions and does not include derivative activity. This disclosure is routine compliance under Section 16 and provides a factual update on insider ownership without indicating material corporate events.

Corporate Governance Expert

TL;DR: Director/officer buying stock is a routine governance signal but not materially impactful here.

Mr. Clark is identified as both a director and as President of the investment adviser. His purchase increases his direct stake to 59,721 shares. The filing uses transaction code "P" and contains no amendments or derivative holdings. From a governance perspective, the disclosure meets reporting standards; the size suggests a personal investment rather than a company-changing event.

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

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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^*

CLARK CHRISTOPHER D

(Last) (First) (Middle)

ROYCE MICRO-CAP TRUST, INC.

ONE MADISON AVENUE

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ROYCE MICRO-CAP TRUST, INC. [ RMT ]

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

X	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
	President		CEO - Investment Advisor

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

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	08/26/2025		P		2,100	A	$10.16	59,721	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:

	Christopher D. Clark	08/26/2025
	** 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.

FAQ

What transaction did Christopher D. Clark report on Form 4 for RMT?

The Form 4 reports a purchase of 2,100 shares of Royce Micro-Cap Trust (RMT) common stock on 08/26/2025 at a price of $10.16 per share.

How many RMT shares does Christopher D. Clark beneficially own after the reported trade?

After the reported purchase, Mr. Clark beneficially owns 59,721 shares directly.

What is Christopher D. Clark's relationship to Royce Micro-Cap Trust?

The filing lists Mr. Clark as a director and as President of the investment adviser; he is not listed as a 10% owner.

Does the Form 4 report any derivative transactions or amendments?

No. The filing shows no derivative securities in Table II and indicates this is not an amendment.

What transaction code is used on the Form 4 and what does it indicate?

The Form 4 uses transaction code "P", which indicates a purchase of securities.