SWZ director buys 3,000 Total Return Securities shares
Total Return Securities Fund (SWZ) director Moritz A. Sell reported purchasing 3,000 shares of common stock on 2026-08-31 at $5.98 per share in an open-market or private transaction.
Rhea-AI Filing Summary
Total Return Securities Fund (SWZ) director Moritz A. Sell reported purchasing 3,000 shares of common stock on 2026-08-31 at $5.98 per share in an open-market or private transaction. Following this transaction, directly held shares increased to 28,246, including shares acquired through the fund's dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,000 shares
Net Buy
1 txn
Insider
SELL MORITZ A
Role
Director
Bought
3,000 shs ($18K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 3,000 | $5.98 | $18K |
Holdings After Transaction:
Common Stock — 28,246 shares (Direct)
Footnotes (1)
- F1. Amount includes shares acquired through the Issuer's dividend reinvestment plan.
Key Figures
Shares purchased: 3,000 shares of Common Stock
Purchase price per share: $5.98 per share
Shares owned after transaction: 28,246 shares
3 metrics
Shares purchased
3,000 shares of Common Stock
Purchase on 2026-08-31 reported by director Moritz A. Sell
Purchase price per share
$5.98 per share
Price for the 3,000-share purchase on 2026-08-31
Shares owned after transaction
28,246 shares
Direct holdings following the reported purchase, including dividend reinvestment plan shares
Key Terms
dividend reinvestment plan, Common Stock, Rule 10b5-1
3 terms
dividend reinvestment plan financial
"Amount includes shares acquired through the Issuer's dividend reinvestment plan."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
Common Stock financial
"security_title: Common Stock in the reported transaction."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Rule 10b5-1 regulatory
"aff_10b5_one field indicates the Rule 10b5-1 trading plan status."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did SWZ report in this Form 4?
Director Moritz A. Sell reported buying 3,000 shares of Total Return Securities Fund common stock on 2026-08-31 at $5.98 per share in an open-market or private transaction.
Was the SWZ insider trade under a Rule 10b5-1 trading plan?
No. The filing's Rule 10b5-1 checkbox is marked as not applicable, indicating the reported purchase was not made pursuant to a Rule 10b5-1 trading plan.
Does the SWZ filing mention a dividend reinvestment plan?
Yes. A footnote states that the reported 28,246 shares include shares acquired through Total Return Securities Fund's dividend reinvestment plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
