[144] SPECIAL OPPORTUNITIES FUND, INC. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Special Opportunities Fund, Inc. (SPE): The filing reports a proposed sale of 53,541 shares of Common Stock through Fidelity Brokerage Services LLC on the NYSE with an aggregate market value of $1,346,556.15. The filing shows 2,235,775 shares outstanding and an approximate sale date of 09/12/2025. Acquisition details list Preferred-class purchases made in the open market on 01/26/2022 (49,586 units) and 03/09/2023 (3,955 units), paid by cash. Recent sales by Kovitz Investment Group for the Special Opportunities Fund are disclosed for six transactions between 05/14/2025 and 09/10/2025, with individual gross proceeds shown. The filer certifies no undisclosed material adverse information.

Insights

Financial Analyst

TL;DR Routine Rule 144 sale notice disclosing a sizable proposed secondary sale but no operational or financial results are included.

The form documents a proposed sale of 53,541 common shares with an indicated market value of $1,346,556.15 and lists historical open-market purchases of Preferred securities. This filing is procedural: it signals a registered holder intends to sell shares and provides transparency on recent dispositions by Kovitz Investment Group. There is no performance, revenue, or liquidity information in the filing to evaluate underlying business fundamentals.

Compliance / Securities Counsel

TL;DR The submission appears to satisfy the disclosure elements of Rule 144 by identifying broker, amounts, acquisition dates, and recent sales.

The notice includes required details: broker name and address, number of shares proposed for sale, aggregate market value, approximate sale date, acquisition dates and payment method for acquired securities, and recent sales over the past three months. The signer affirms no undisclosed material adverse information, which is standard. The document contains no anomalies apparent from the provided tables.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Fidelity Brokerage Services LLC 245 Summer Street Boston MA 02110	53541	1346556.15	2235775	09/12/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Preferred	01/26/2022	open Market Purchase	Open Market Purchase			49586	01/26/2022	Cash/Check
Preferred	03/09/2023	open Market Purchase	Open Market Purchase			3955	03/09/2023	Cash/Check

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Kovitz Investment Group Par 71 S Wacker Dr Suite 1860 Chicago IL 60606	Special Opportunities Fund	05/14/2025	1222	29450.20
Kovitz Investment Group Par 71 S Wacker Dr Suite 1860, Chicago IL 60606	Special Opportunities Fund	05/29/2025	1862	45153.50
Kovitz Investment Group Par 71 S Wacker Dr Suite 1860 Chicago IL 60606	Special Opportunities Fund	06/04/2025	1886	45735.50
Kovitz Investment Group Par 71 S Wacker Dr Suite 1860, Chicago IL 60606	Special Opportunities Fund	06/30/2025	1085	26994.80
Kovitz Investment Group Par 71 S Wacker Dr Suite 1860 Chicago IL 60606	Special Opportunities Fund	07/15/2025	134	3266.93
Kovitz Investment Group Par 71 S Wacker Dr Suite 1860, Chicago IL 60606	Special Opportunities Fund	09/10/2025	1602	40127.85

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What shares does the Form 144 for SPE report for sale?

The filing reports a proposed sale of 53,541 shares of Common Stock.

What is the aggregate market value of the shares proposed for sale in the SPE Form 144?

The aggregate market value reported is $1,346,556.15.

When is the approximate sale date listed in the Form 144 for SPE?

The approximate date of sale is listed as 09/12/2025.

Which broker is named to execute the sale in the SPE Form 144?

The broker listed is Fidelity Brokerage Services LLC, 245 Summer Street, Boston, MA.

What prior acquisitions does the filing disclose?

The filing discloses open-market purchases of Preferred securities on 01/26/2022 (49,586 units) and 03/09/2023 (3,955 units), paid by cash.

Does the filing list recent sales by the seller over the past three months?

Yes; six transactions by Kovitz Investment Group for the Special Opportunities Fund are listed between 05/14/2025 and 09/10/2025 with gross proceeds shown for each.