[Form 4] ROYCE MICRO-CAP TRUST, INC. Insider Trading Activity

Rhea-AI Filing Summary

Royce Micro-Cap Trust, Inc. (RMT) insider filed a Form 4 reporting a sale of common stock. On 11/05/2025, the reporting person executed a Code S transaction, disposing of 200,000 shares at a price of $10.27 per share.

Following the reported transaction, the filing shows 596,926 shares beneficially owned directly. It also lists indirect holdings of 457,070 shares held in the Royce Charitable Trust and 26,074 shares held through a family investment entity. A footnote states the reporting person is the sole managing member of the family investment entity and disclaims beneficial ownership of portions in which there is no pecuniary interest.

The relationship to the issuer is marked as “Other” with the title Sr. Advisor Royce & Associates.

Insider Trade Summary

Net Seller: 200,000 shares ($2,054,000)

Net Sell 3 txns

Insider ROYCE CHARLES M

Role Insider

Sold 200,000 shs ($2.05M)

Type	Security	Shares	Price	Value
Sale	Common Stock	200,000	$10.27	$2.05M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 596,926 shares (Direct); Common Stock — 457,070 shares (Indirect, Shares held in the Royce Charitable Trust)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

ROYCE CHARLES M

(Last) (First) (Middle)

C/O 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)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Sr. Advisor Royce & Associates

3. Date of Earliest Transaction (Month/Day/Year)
11/05/2025

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	11/05/2025		S		200,000	D	$10.27	596,926	D
Common Stock								457,070	I	Shares held in the Royce Charitable Trust
Common Stock								26,074	I	Family Investment Entity(1)

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. Shares held in a family investment entity of which the reporting person is the sole managing member and in which the reporting person has a substantial pecuniary interest (which may vary from time to time). The reporting person disclaims beneficial ownership of the portion of such shares owned the by the family investment entity in which he has no pecuniary interest.

	Dani Eng, Attorney-in-Fact	11/06/2025
	** 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 did RMT’s insider report on the Form 4?

A sale of 200,000 shares of common stock on 11/05/2025 at $10.27 per share (Transaction Code S).

How many RMT shares are owned directly after the transaction?

The filing lists 596,926 shares as directly beneficially owned following the transaction.

What indirect RMT holdings are shown after the transaction?

The filing lists 457,070 shares held in the Royce Charitable Trust and 26,074 shares held via a family investment entity.

What role does the reporting person have relative to RMT?

The relationship is marked as Other with the title Sr. Advisor Royce & Associates.

Is there a disclaimer about the family investment entity shares?

Yes. The filing states the reporting person disclaims beneficial ownership of portions in which there is no pecuniary interest.

Which security was involved in the transaction?

Common Stock of Royce Micro-Cap Trust, Inc. (RMT).