XAI Octagon (XFLT) VP Kimberly Flynn awarded 3,504 shares in equity grant

Rhea-AI Filing Summary

XAI Octagon Floating Rate & Alternative Income Trust insider Kimberly Ann Flynn reported receiving additional shares in the company. On 12/24/2025, she acquired 3,504 common shares of beneficial interest at a price of $0 per share, reflecting a compensatory transfer.

Following this transaction, Ms. Flynn directly beneficially owns 46,708 common shares. The shares were transferred to her pursuant to a compensatory award from XMS Holdings LLC, indicating this was an equity-based compensation event rather than an open-market purchase.

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

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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^*

Flynn Kimberly Ann

(Last) (First) (Middle)

C/O XA INVESTMENTS

321 N. CLARK STREET

(Street)

CHICAGO IL 60054

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
XAI Octagon 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

3. Date of Earliest Transaction (Month/Day/Year)
12/24/2025

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
Common Shares of Beneficial Interest	12/24/2025		J		3,504	A	$0	46,708	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:

Remarks:

Shares were transferred to Ms. Flynn pursuant to a compensatory award from XMS Holdings LLC.

	/s/ Kimberly Ann Flynn	12/29/2025
	** 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.

FAQ

What insider transaction did XAI Octagon Floating Rate & Alternative Income Trust (XFLT) report?

The filing reports that Vice President Kimberly Ann Flynn acquired 3,504 common shares of beneficial interest in XAI Octagon Floating Rate & Alternative Income Trust on 12/24/2025.

At what price were the XFLT shares acquired by Kimberly Ann Flynn?

Kimberly Ann Flynn acquired 3,504 common shares of XFLT at a reported price of $0 per share, reflecting a compensatory transfer rather than a market purchase.

How many XFLT shares does Kimberly Ann Flynn own after this transaction?

After the reported transaction, Kimberly Ann Flynn beneficially owns 46,708 common shares of XAI Octagon Floating Rate & Alternative Income Trust in direct ownership.

What is Kimberly Ann Flynn’s role at XAI Octagon Floating Rate & Alternative Income Trust (XFLT)?

Kimberly Ann Flynn is reported as an officer of XAI Octagon Floating Rate & Alternative Income Trust, with the title of Vice President.

What is the reason given for the XFLT share transfer to Kimberly Ann Flynn?

The remarks state that the shares were transferred to Ms. Flynn pursuant to a compensatory award from XMS Holdings LLC, indicating an equity compensation arrangement.

Is the Form 4 for XFLT filed by more than one reporting person?

No. The filing indicates it is a Form filed by one reporting person, which is Kimberly Ann Flynn.