Reaves Utility Income Fund: 7 insider acquisitions

Available on EDGAR 11/05/2026 - 02:02 PM EST Accepted by SEC EDGAR 11/05/2026 - 02:01 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

For Reaves Utility Income Fund (UTG), Joseph Burns Rhame III, an Officer of Investment Advisor, reported seven direct cash-reinvestment acquisitions: 27.023 shares at $35.4200 per share on October 29, 2026; 27.727 shares at $34.2900 per share on September 30, 2026; 24.693 shares at $37.7200 per share on August 31, 2026; 24.556 shares and 56.858 shares at $38.2100 per share on July 28, 2026; and 21.708 shares and 47.823 shares at $40.8800 per share on June 30, 2026.

Insider Trade Summary

Other: 230.388 shares

Other 7 txns

Insider Rhame Joseph Burns III

Role Insider

Type	Security	Shares	Price	Value
Other	Reaves Utility Income Fund F1	27.023	$35.42	$957.15
Other	Reaves Utility Income Fund F1	27.727	$34.29	$950.76
Other	Reaves Utility Income Fund F1	24.693	$37.72	$931.42
Other	Reaves Utility Income Fund F1	24.556	$38.21	$938.28
Other	Reaves Utility Income Fund F1	56.858	$38.21	$2K
Other	Reaves Utility Income Fund F1	21.708	$40.88	$887.42
Other	Reaves Utility Income Fund F1	47.823	$40.88	$2K

Holdings After Transaction: Reaves Utility Income Fund — 14,904.156 shares (Direct)

Footnotes (1)

1. F1. Reaves Utility Income Fund cash reinvestment.

Key Figures

Cash-reinvestment acquisition: 27.023 shares Cash-reinvestment acquisition: 27.727 shares Cash-reinvestment acquisition: 24.693 shares +4 more

7 metrics

Cash-reinvestment acquisition 27.023 shares October 29, 2026; $35.4200 per share

Cash-reinvestment acquisition 27.727 shares September 30, 2026; $34.2900 per share

Cash-reinvestment acquisition 24.693 shares August 31, 2026; $37.7200 per share

Cash-reinvestment acquisition 24.556 shares July 28, 2026; $38.2100 per share

Cash-reinvestment acquisition 56.858 shares July 28, 2026; $38.2100 per share

Cash-reinvestment acquisition 21.708 shares June 30, 2026; $40.8800 per share

Cash-reinvestment acquisition 47.823 shares June 30, 2026; $40.8800 per share

Key Terms

cash reinvestment

1 terms

cash reinvestment financial

"Reaves Utility Income Fund cash reinvestment."

FAQ

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

What UTG acquisitions did Joseph Burns Rhame III report?

Joseph Burns Rhame III reported direct cash-reinvestment acquisitions of 27.023 shares at $35.4200 per share on October 29, 2026; 27.727 shares at $34.2900 per share on September 30, 2026; 24.693 shares at $37.7200 per share on August 31, 2026; 24.556 shares and 56.858 shares at $38.2100 per share on July 28, 2026; and 21.708 shares and 47.823 shares at $40.8800 per share on June 30, 2026.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Rhame Joseph Burns III

(Last) (First) (Middle)

C/O W.H. REAVES & CO., INC.

10 EXCHANGE PLACE, 18TH FLOOR

(Street)

JERSEY CITY NEW JERSEY 07302

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
REAVES UTILITY INCOME FUND [ UTG ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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
Reaves Utility Income Fund	06/30/2026		J(1)		21.708	A	$40.88	14,695.476	D
Reaves Utility Income Fund	06/30/2026		J(1)		47.823	A	$40.88	14,743.299	D
Reaves Utility Income Fund	07/28/2026		J(1)		24.556	A	$38.21	14,767.855	D
Reaves Utility Income Fund	07/28/2026		J(1)		56.858	A	$38.21	14,824.713	D
Reaves Utility Income Fund	08/31/2026		J(1)		24.693	A	$37.72	14,849.406	D
Reaves Utility Income Fund	09/30/2026		J(1)		27.727	A	$34.29	14,877.133	D
Reaves Utility Income Fund	10/29/2026		J(1)		27.023	A	$35.42	14,904.156	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. Reaves Utility Income Fund cash reinvestment.

	Joseph Burns Rhame III	11/05/2026
	** 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)