Liberty All-Star Equity (USA) officer buys 500 shares in Form 4

Liberty All-Star Equity Fund officer reports open-market share purchase.

Accepted by SEC EDGAR 11/21/2025 - 12:08 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Liberty All-Star Equity Fund officer reports open-market share purchase. Assistant Secretary Sareena Khwaja-Dixon filed a Form 4 disclosing the purchase of 500 shares of beneficial interest in Liberty All-Star Equity Fund (ticker USA) on 11/21/2025.

The transaction was coded as a purchase and priced at $5.8573 per share. Following this transaction, the reporting person beneficially owns 500 shares, held in direct ownership form.

Insider Trade Summary

Net Buyer: 500 shares

Net Buy 1 txn

Insider Khwaja-Dixon Sareena

Role Assistant Secretary

Bought 500 shs ($3K)

Type	Security	Shares	Price	Value
Purchase	Shares of Beneficial Interest	500	$5.8573	$3K

Holdings After Transaction: Shares of Beneficial Interest — 500 shares (Direct)

Holdings Before and After: Shares of Beneficial Interest, 0 to 500 shares (Direct)

FAQ

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

What insider transaction did Liberty All-Star Equity Fund (USA) report?

The fund reported that its Assistant Secretary, Sareena Khwaja-Dixon, purchased 500 shares of beneficial interest in Liberty All-Star Equity Fund.

When did the USA Form 4 insider purchase take place?

The reported transaction date is 11/21/2025, as disclosed in the Form 4.

What price did the Liberty All-Star Equity Fund officer pay per share?

The shares of beneficial interest were purchased at a price of $5.8573 per share.

How many USA shares does the reporting person own after this transaction?

After the reported purchase, the reporting person beneficially owns 500 shares of Liberty All-Star Equity Fund.

Is the Liberty All-Star Equity Fund insider ownership direct or indirect?

The Form 4 indicates that the 500 shares are held in direct ownership form by the reporting person.

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^*

Khwaja-Dixon Sareena

(Last) (First) (Middle)

1290 BROADWAY

SUITE 1000

(Street)

DENVER CO 80203

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LIBERTY ALL STAR EQUITY FUND [ USA ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

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
Shares of Beneficial Interest	11/21/2025		P		500	A	$5.8573	500	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:

	/s/ Sareena Khwaja-Dixon	11/21/2025
	** 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.