Royce Small-Cap Trust (RVT) president makes open-market buy of shares

Rhea-AI Filing Summary

ROYCE SMALL-CAP TRUST, INC. reported that President and CEO of the investment advisor Christopher D. Clark made an open-market purchase of its common stock. He bought 4,500 shares at a price of $16.69 per share and now directly owns 47,235 shares following this transaction.

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

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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 SMALL-CAP TRUST, INC.

ONE MADISON AVENUE

(Street)

NEW YORK NEW YORK 10010

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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

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

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

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	03/24/2026		P		4,500	A	$16.69	47,235	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	03/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did RVT report for Christopher D. Clark?

Christopher D. Clark reported an open-market purchase of 4,500 shares of ROYCE SMALL-CAP TRUST, INC. common stock. The shares were acquired in a single transaction, reflecting direct ownership rather than through an intermediary entity or derivative instrument.

At what price did Christopher D. Clark buy RVT shares?

Christopher D. Clark bought 4,500 RVT common shares at $16.69 per share. This price represents the cost paid in the open market for this specific Form 4 transaction, as disclosed in the insider trading report.

How many RVT shares does Christopher D. Clark own after this purchase?

After the reported purchase, Christopher D. Clark directly owns 47,235 shares of ROYCE SMALL-CAP TRUST, INC. common stock. This post-transaction holding figure comes directly from the Form 4 ownership table following the open-market buy.

Was the RVT insider transaction a buy or a sell?

The RVT insider transaction was a buy, specifically an open-market purchase. The Form 4 classifies it with transaction code “P,” indicating a purchase rather than a sale, gift, tax withholding, or derivative-related exercise.

Does the RVT Form 4 involve derivatives or only common stock?

The RVT Form 4 involves only common stock transactions, with no derivatives reported. The derivative summary is empty, and the sole transaction is labeled as non-derivative common stock acquired through an open-market purchase.

What is Christopher D. Clark’s role at ROYCE SMALL-CAP TRUST, INC.?

Christopher D. Clark is listed as a director and officer of ROYCE SMALL-CAP TRUST, INC., serving as President and CEO of the investment advisor. His insider status requires reporting transactions like this common stock purchase on Form 4.