Kovitz fund to sell 63,660 SPE (NYSE: SPE) shares under Rule 144

Rhea-AI Filing Summary

Kovitz Investment Group’s Special Opportunities Fund has filed a notice to sell 63,660 shares of common stock of SPE under Rule 144. The shares are to be sold through Fidelity Brokerage Services LLC on or about 11/28/2025 on the NYSE, with an aggregate market value of 1,585,134.00 for this proposed transaction. The filing states that 2,235,775 shares of this class of common stock are outstanding.

The notice also reports that an affiliated seller disposed of 912 Special Opportunities Fund securities for 22,617.60 on 11/20/2025 and 63,660 Special Opportunities Fund securities for 1,598,502.00 on 11/26/2025. The person on whose behalf the shares are to be sold represents that they are not aware of any undisclosed material adverse information about SPE’s current or prospective operations.

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	63660	1585134.00	2235775	11/28/2025	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			353	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	11/20/2025	912	22617.60
Kovitz Investment Group Par 71 S Wacker Dr Suite 1860 Chicago IL 60606	Special Opportunities Fund	11/26/2025	63660	1598502.00

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 filing for SPE disclose?

The Form 144 filing discloses that Kovitz Investment Group’s Special Opportunities Fund has notified regulators of its intent to sell 63,660 shares of SPE common stock under Rule 144 through Fidelity Brokerage Services LLC on or about 11/28/2025 on the NYSE.

How many SPE shares are covered by the planned Rule 144 sale?

The notice covers a proposed sale of 63,660 shares of SPE common stock, with an indicated aggregate market value of 1,585,134.00 for this transaction.

How many SPE common shares are outstanding according to this Form 144?

The Form 144 states that there are 2,235,775 shares of SPE common stock outstanding, providing context for the size of the proposed 63,660-share sale.

What recent sales related to SPE or its Special Opportunities Fund are reported?

The filing reports that Kovitz Investment Group Par, tied to the Special Opportunities Fund, sold 912 securities for 22,617.60 on 11/20/2025 and 63,660 securities for 1,598,502.00 on 11/26/2025 during the past three months.

What acquisition details are given for the securities in the SPE Form 144?

The notice shows an acquisition of 353 preferred securities on 01/26/2022 via an open market purchase, with the consideration paid in cash/check on the same date.

What representation does the seller make about SPE’s information in the Form 144?

The person for whose account the SPE securities are to be sold represents by signing that they do not know any material adverse information about SPE’s current or prospective operations that has not been publicly disclosed.