[144] Special Opportunities Fund, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Special Opportunities Fund, Inc. (SPE) reports a proposed sale of 410 shares of Common Stock on the NYSE, with an aggregate market value of $10,086.00 and approximately 2,235,775 shares outstanding. The seller acquired the 410 shares via an open market purchase on 01/26/2022 and paid in cash. The form lists recent disposition activity by Kovitz Investment Group in the issuer's Special Opportunities Fund totaling 4,967 shares sold across four transactions from 05/29/2025 through 07/15/2025 for combined gross proceeds of $120,150.72. The filer certifies no undisclosed material adverse information is known and includes the standard attestation language regarding Rule 10b5-1 plans and criminal penalties for misstatement.

Positive

• Disclosure of acquisition details: the filer specifies the purchase date (01/26/2022) and cash payment, supporting Rule 144 eligibility
• Recent transaction transparency: prior sales by Kovitz Investment Group are itemized with dates and gross proceeds, aiding investor transparency

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider/affiliate notice of proposed sale; modest size relative to outstanding shares; prior recent dispositions recorded.

The filing is a procedural Rule 144 notice showing a proposed sale of 410 common shares worth $10,086, representing a small fraction of the reported ~2.24 million shares outstanding. The filing also discloses multiple recent sales by Kovitz Investment Group totaling 4,967 shares and about $120k in gross proceeds over two months, which provides context on recent liquidity activity in the issuer's stock. There are no earnings, financing, or corporate-action disclosures in this notice; it simply documents intended resale and prior transactions required under Rule 144.

Compliance/Risk Analyst

TL;DR: Compliance-focused disclosure with standard attestations; no material adverse facts reported.

The form contains the customary representations required by Rule 144, including the signers statement that no material non-public information is known. The acquisition detail indicates the 410 shares were purchased on 01/26/2022 with cash, and the notice identifies the broker to be used. From a compliance perspective the form appears complete for a proposed resale; it does not disclose any regulatory or litigation issues.

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	410	10086.00	2235775	08/19/2025	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			410	01/26/2022	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	05/29/2025	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	3266.92

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 does the Form 144 for Special Opportunities Fund (SPE) report?

The form reports a proposed sale of 410 shares of Common Stock on the NYSE with an aggregate market value of $10,086.00 and approximately 2,235,775 shares outstanding.

When were the 410 shares acquired and how were they paid for?

The 410 shares were acquired on 01/26/2022 via an open market purchase, and the payment method is listed as Cash/Check.

Who is the broker named for the proposed sale?

The broker listed is Fidelity Brokerage Services LLC, 245 Summer Street, Boston MA 02110.

What recent sales of the issuer's securities are disclosed?

Kovitz Investment Group disclosed four sales from 05/29/2025 to 07/15/2025 totaling 4,967 shares with combined gross proceeds of $120,150.72.

Does the filer state any undisclosed material information or a trading plan?

The filer represents by signature that they do not know any material adverse information not publicly disclosed and includes the standard note about Rule 10b5-1 plan adoption if applicable.