XAI Trust VP John Yogi Spence buys 1,000 shares

Q: What indirect XFLT holdings did John Yogi Spence report?

The listed indirect holdings were 2,050 shares through XA Investments LLC, 2,118 shares held by his spouse and 3,647 shares through XMS Holdings LLC. The reported post-transaction balances reflect the issuer’s 1-for-5 reverse split effective March 20, 2026, and include shares received through the XFLT Dividend Reinvestment Plan.

The reported position also includes shares held indirectly through XA Investments LLC, by his spouse and through XMS Holdings LLC.

Filing Impact

(Moderate)

Filing Sentiment

(Positive)How Sentiment works

Sentiment and the balance of points

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Form Type

Rhea-AI Filing Summary

XAI Floating Rate & Alternative Income Trust (XFLT) Vice President John Yogi Spence purchased 1,000 common shares directly on October 23, 2026, at $16.50 per share. His direct balance after the purchase was 115,357 shares. Separate indirect positions were reported through XA Investments LLC, by his spouse and through XMS Holdings LLC. The reported post-transaction balances reflect the issuer’s 1-for-5 reverse split effective March 20, 2026, and include shares received through the XFLT Dividend Reinvestment Plan. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 1,000 shares

Net Buy 4 txns

Insider Spence John Yogi

Role Vice President

Bought 1,000 shs ($17K)

Type	Security	Shares	Price	Value
Purchase	Common Shares of Beneficial Ownership ^{F1, F2}	1,000	$16.50	$17K
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 — 115,357 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)

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

Key Figures

Shares purchased: 1,000 shares Purchase price per share: $16.50 Direct shares after purchase: 115,357 shares +3 more

6 metrics

Shares purchased 1,000 shares Direct purchase on October 23, 2026

Purchase price per share $16.50 Direct purchase on October 23, 2026

Direct shares after purchase 115,357 shares Reported after the October 23, 2026 purchase

Indirect shares through XA Investments LLC 2,050 shares Reported October 23, 2026

Indirect shares held by spouse 2,118 shares Reported October 23, 2026

Indirect shares through XMS Holdings LLC 3,647 shares Reported October 23, 2026; rounded to the nearest whole share

Key Terms

reverse split, Dividend Reinvestment Plan, Common Shares of Beneficial Ownership

3 terms

reverse split financial

"1 for 5 reverse split effective March 20, 2026"

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.

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.

Common Shares of Beneficial Ownership financial

"Common Shares of Beneficial Ownership"

FAQ

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

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

John Yogi Spence, Vice President of XAI Floating Rate & Alternative Income Trust, purchased 1,000 common shares directly on October 23, 2026, at $16.50 per share. He held 115,357 shares directly after the purchase. No Rule 10b5-1 plan is reported.

What indirect XFLT holdings did John Yogi Spence report?

The listed indirect holdings were 2,050 shares through XA Investments LLC, 2,118 shares held by his spouse and 3,647 shares through XMS Holdings LLC. The reported post-transaction balances reflect the issuer’s 1-for-5 reverse split effective March 20, 2026, and include shares received through the XFLT Dividend Reinvestment Plan.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/26/2026 - 12:15 PM EDT Accepted by SEC EDGAR 10/26/2026 - 12:14 PM EDT

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
X	Officer (give title below)	Other (specify below)
	Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/23/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares of Beneficial Ownership	10/23/2026		P		1,000	A	$16.5	115,357⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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	10/26/2026
	** 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)

Source: View Original Filing on SEC EDGAR