Special Opportunities Fund (NYSE: SPE) holder plans Rule 144 sale of 63,660 shares

Rhea-AI Filing Summary

A shareholder of SPE has filed a Form 144 notice to sell restricted shares under SEC Rule 144. The filing covers a proposed sale of 63,660 shares of common stock through Fidelity Brokerage Services LLC, with an aggregate market value of 1,585,134.00, to be sold on or around 11/28/2025 on the NYSE. The notice also shows prior acquisitions of preferred securities in open market purchases and several recent sales of Special Opportunities Fund units over the past three months, indicating ongoing portfolio activity by the reporting holder.

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	01/24/2023	open Market Purchase	Open Market Purchase			2007	01/24/2023	Cash/Check
Preferred	01/26/2022	open Market Purchase	Open Market Purchase			61653	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	09/11/2025	1602	40130.10
Kovitz Investment Group Par 71 S Wacker Dr Suite 1860 Chicago IL 60606	Special Opportunities Fund	09/12/2025	53541	1338525.00
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	10/07/2025	790	19750.00

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 this Form 144 filing for SPE disclose?

The Form 144 filing discloses that a shareholder intends to sell restricted or control securities of SPE under SEC Rule 144. It provides details on the class of securities, number of shares to be sold, market value, broker, trading venue, acquisition history, and related sales over the past three months.

How many SPE common shares are proposed to be sold and what is their market value?

The filing states that 63,660 shares of common stock are to be sold, with an aggregate market value of 1,585,134.00 as disclosed in the securities information table.

When and where are the SPE shares expected to be sold?

The approximate date of sale disclosed is 11/28/2025, and the filing lists the NYSE as the securities exchange where the common stock is expected to be sold.

Which broker is handling the planned sale of SPE shares under this Form 144?

The proposed sale of SPE common stock will be handled through Fidelity Brokerage Services LLC, located at 245 Summer Street, Boston, MA 02110, as specified in the securities information section.

What prior SPE-related securities did the filer acquire according to the Form 144?

The filing lists acquisitions of preferred securities in open market purchases, including 2,007 units acquired on 01/24/2023 and 61,653 units acquired on 01/26/2022, both paid by cash or check.

What SPE-related securities has the filer sold in the past three months?

The form reports several sales of Special Opportunities Fund securities in the past three months, including 1,602 units sold on 09/11/2025 for gross proceeds of 40,130.10, 53,541 units on 09/12/2025 for 1,338,525.00, 790 units on 10/07/2025 for 19,750.00, and 912 units on 11/20/2025 for 22,617.60.

What representation does the seller make about SPE’s non-public information in this Form 144?

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