Total Return Securities officer sells 166 shares

Total Return Securities Fund officer Rajeev P. Das reported a small share sale under a Form 4.

Accepted by SEC EDGAR 01/27/2026 - 04:05 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Total Return Securities Fund officer Rajeev P. Das reported a small share sale under a Form 4. On 01/23/2026, he disposed of 166 shares of common stock at $6.81 per share. The filing notes this represents a sale of shares back to the issuer pursuant to a tender offer that is exempt under Rule 16b-3, which governs certain insider transactions. After this transaction, Das beneficially owned 334 shares of the fund’s common stock held directly.

Insider Trade Summary

Disposition: 166 shares

Disposition 1 txn

Insider Das Rajeev P

Role Secretary

Type	Security	Shares	Price	Value
Disposition	Common Stock	166	$6.81	$1K

Holdings After Transaction: Common Stock — 334 shares (Direct)

Footnotes (1)

1. F1. Represents sale of shares to the issuer pursuant to tender offer exempt under Rule 16b-3.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SWZ officer Rajeev P. Das report?

Rajeev P. Das, an officer (Secretary) of Total Return Securities Fund (SWZ), reported disposing of 166 shares of common stock in a Form 4 filing.

On what date did the SWZ insider transaction occur?

The reported transaction in Total Return Securities Fund (SWZ) common stock took place on 01/23/2026.

At what price were the SWZ shares sold in this Form 4 filing?

The 166 shares of Total Return Securities Fund (SWZ) common stock were sold at a price of $6.81 per share.

How many SWZ shares does Rajeev P. Das own after the reported sale?

Following the transaction, Rajeev P. Das beneficially owned 334 shares of Total Return Securities Fund common stock, held directly.

Who was the buyer in the SWZ insider share sale?

The footnote explains that the transaction represents a sale of shares to the issuer, Total Return Securities Fund, pursuant to a tender offer exempt under Rule 16b-3.

What is the regulatory treatment of this SWZ insider tender offer transaction?

The sale of shares back to Total Return Securities Fund (SWZ) is described as occurring pursuant to a tender offer exempt under Rule 16b-3, which covers certain insider transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Das Rajeev P

(Last) (First) (Middle)

250 PEHLE AVE.

SUITE 708

(Street)

SADDLE BROOK NJ 07663

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Total Return Securities Fund [ SWZ ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	01/23/2026		D(1)		166	D	$6.81	334	D

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. Represents sale of shares to the issuer pursuant to tender offer exempt under Rule 16b-3.

	/s/ Stephanie Darling, as Power of Attorney for Rajeev Das	01/27/2026
	** 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.