XAI Trust VP Spence John Yogi buys 2,000 shares

The reported post-transaction holdings include 114,357 directly held shares and additional indirect positions through entities and a spouse.

Rhea-AI Filing Summary

XAI Floating Rate & Alternative Income Trust (XFLT) Vice President Spence John Yogi purchased 2,000 common shares at $17.07 per share on October 21, 2026. His direct holdings afterward were 114,357 shares; that balance reflects the issuer’s 1-for-5 reverse split effective March 20, 2026, and includes shares received through the XFLT Dividend Reinvestment Plan. The reported indirect positions were 2,050 shares through XA Investments LLC, 2,118 shares held by his spouse, and 3,647 shares through XMS Holdings LLC. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 2,000 shares

Net Buy 4 txns

Insider Spence John Yogi

Role Insider

Bought 2,000 shs ($34K)

Type	Security	Shares	Price	Value
Purchase	Common Shares of Beneficial Ownership F1, F2	2,000	$17.07	$34K
holding	Common Shares of Beneficial Ownership F1	--	--	--
holding	Common Shares of Beneficial Ownership F1, F2	--	--	--
holding	Common Shares of Beneficial Ownership F1, F2	--	--	--

Holdings After Transaction: Common Shares of Beneficial Ownership — 114,357 shares (Direct); Common Shares of Beneficial Ownership — 2,050 shares (Indirect, XA Investments LLC); Common Shares of Beneficial Ownership — 2,118 shares (Indirect, By Spouse); Common Shares of Beneficial Ownership — 3,646.94 shares (Indirect, XMS Holdings LLC)

Footnotes (2)

1. F1. Reflects the issuer's 1 for 5 reverse split effective March 20, 2026.
2. F2. Includes shares received through the XFLT Dividend Reinvestment Plan.

Key Figures

Shares purchased: 2,000 shares Purchase price: $17.07 per share Direct holdings after purchase: 114,357 shares +3 more

6 metrics

Shares purchased 2,000 shares October 21, 2026

Purchase price $17.07 per share October 21, 2026

Direct holdings after purchase 114,357 shares After the October 21, 2026 purchase

Indirect holdings through XA Investments LLC 2,050 shares Reported October 21, 2026

Indirect holdings by spouse 2,118 shares Reported October 21, 2026

Indirect holdings through XMS Holdings LLC 3,647 shares Reported October 21, 2026

Key Terms

Dividend Reinvestment Plan, reverse split, indirect

3 terms

Dividend Reinvestment Plan financial

"shares received through the XFLT 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.

reverse split financial

"issuer's 1 for 5 reverse split"

A reverse split is when a company reduces the number of its outstanding shares by combining several existing shares into one new share, so the price per share rises proportionally while the company’s overall value stays the same. Investors care because it can make a stock appear more respectable or meet exchange rules — like turning many small coins into a single larger bill — but it can also signal financial trouble and often affects trading liquidity and investor perception.

indirect financial

"indirect holdings through XA Investments LLC"

FAQ

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

How many XFLT shares did Vice President Spence John Yogi purchase?

Spence John Yogi purchased 2,000 common shares at $17.07 per share on October 21, 2026. His direct holdings afterward were 114,357 shares. No Rule 10b5-1 plan is reported.

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

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Available on EDGAR 10/22/2026 - 04:50 PM EDT Accepted by SEC EDGAR 10/22/2026 - 04:49 PM EDT Learn about SEC filing dates

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^*

Spence John Yogi

(Last) (First) (Middle)

321 N. CLARK STREET

(Street)

CHICAGO ILLINOIS 60054

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
XAI Floating Rate & Alternative Income Trust [ XFLT ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/21/2026

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 Shares of Beneficial Ownership	10/21/2026		P		2,000	A	$17.07	114,357(1)(2)	D
Common Shares of Beneficial Ownership								2,050(1)	I	XA Investments LLC
Common Shares of Beneficial Ownership								2,118(1)(2)	I	By Spouse
Common Shares of Beneficial Ownership								3,646.94(1)(2)	I	XMS Holdings LLC

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. Reflects the issuer's 1 for 5 reverse split effective March 20, 2026.

2. Includes shares received through the XFLT Dividend Reinvestment Plan.

	John Yogi Spence	10/22/2026
	** 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)