Director Hemmer (STEW) trust adds 5,000 SRH Total Return shares

Rhea-AI Filing Summary

SRH Total Return Fund, Inc. director-related entity increased its position through an open-market purchase. An irrevocable trust for the benefit of Jacob E. Hemmer bought 5,000 shares of common stock at $17.53 per share on May 21, 2026. Following this transaction, the trust now holds 10,000 shares of the fund’s common stock indirectly attributed to Hemmer as sole beneficiary.

Insider Trade Summary

Net Buyer: 5,000 shares ($87,650)

Net Buy 1 txn

Insider Hemmer Jacob E

Role null

Bought 5,000 shs ($88K)

Type	Security	Shares	Price	Value
Purchase	COMMON STOCK	5,000	$17.53	$88K

Holdings After Transaction: COMMON STOCK — 10,000 shares (Indirect, Jacob E. Hemmer is a beneficiary of the trust, not the trustee of the trust.)

Footnotes (1)

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Key Figures

Shares purchased: 5,000 shares Purchase price: $17.53 per share Indirect holdings after trade: 10,000 shares +1 more

4 metrics

Shares purchased 5,000 shares Open-market buy on May 21, 2026

Purchase price $17.53 per share Common stock transaction price

Indirect holdings after trade 10,000 shares Trust holdings following transaction

Net buy shares 5,000 shares Net buy direction in transaction summary

Key Terms

open-market purchase, indirect ownership, irrevocable trust, Form 4

4 terms

open-market purchase financial

"transaction_action: open-market purchase"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

indirect ownership financial

"ownership_type: indirect and direct_or_indirect: I"

irrevocable trust financial

"Shares are held in an irrevocable trust"

An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Hemmer Jacob E

(Last) (First) (Middle)

2121 E. CRAWFORD PLACE

(Street)

SALINA KANSAS 67401

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SRH Total Return Fund, Inc. [ STEW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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	05/21/2026		P		5,000	A	$17.53	10,000	I(1)	Jacob E. Hemmer is a beneficiary of the trust, not the trustee of the trust.

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:

1. Shares are held in an irrevocable trust, Jacob E. Hemmer is the sole beneficiary of the trust but not a trustee of the trust.

	/s/ Jacob E. Hemmer	05/22/2026
	** 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 SRH Total Return Fund (STEW) disclose for Jacob E. Hemmer?

SRH Total Return Fund reported an open-market purchase linked to director Jacob E. Hemmer. An irrevocable trust for his benefit acquired 5,000 common shares, increasing its indirect holdings to 10,000 shares after the transaction at a purchase price of $17.53 per share.

How many SRH Total Return Fund (STEW) shares were bought and at what price?

The irrevocable trust associated with Jacob E. Hemmer bought 5,000 SRH Total Return Fund common shares. The shares were purchased in an open-market transaction at a price of $17.53 per share, as disclosed in the Form 4 insider trading report filed for this transaction.

What are Jacob E. Hemmer’s indirect holdings in SRH Total Return Fund (STEW) after the trade?

After the reported transaction, the irrevocable trust for Jacob E. Hemmer’s benefit holds 10,000 SRH Total Return Fund common shares. These shares are reported as indirect ownership on the Form 4 because Hemmer is the trust’s beneficiary but not a trustee controlling the account.

Was the SRH Total Return Fund (STEW) insider trade an open-market purchase or another type?

The transaction was an open-market purchase of common stock. The Form 4 lists transaction code “P” and describes the action as an open-market or private purchase, indicating shares were acquired rather than sold, with no derivative exercises or tax withholdings involved.

How is Jacob E. Hemmer’s ownership in SRH Total Return Fund (STEW) characterized on the Form 4?

Hemmer’s position is reported as indirect ownership through an irrevocable trust. The filing notes he is the sole beneficiary but not a trustee, so the trust formally holds the 10,000 common shares while the economic benefit of the position is attributed to him as beneficiary.