[Form 4] XAI Octagon Floating Rate & Alternative Income Trust Insider Trading Activity

Rhea-AI Filing Summary

XAI Octagon Floating Rate & Alternative Income Trust (XFLT) Form 4 shows reporting person Scott C. Jones, listed as an officer, disposed of 13,008.6313 common shares on 09/11/2025 at a reported price of $5.6208 per share. The filing reports 0 shares owned following the transaction. The Form 4 is signed 09/12/2025 and identifies the reporting person address as c/o XA Investments in Chicago. No derivative transactions or additional details are reported.

Positive

• None.

Negative

• Officer disposed of all reported shares: The filing shows 13,008.6313 shares sold and 0 shares owned after the transaction
• No explanatory detail provided: The Form 4 does not indicate a Rule 10b5-1 plan or other reason for the sale

Insights

Corporate Governance Expert

TL;DR: Officer Scott C. Jones reported a complete disposition of his reported common shares, which is a noteworthy insider sale but lacks context.

The Form 4 documents a direct sale of 13,008.6313 common shares at $5.6208 on 09/11/2025, leaving the reporting person with zero shares. As a governance matter, an officer-level sale of all reported holdings may prompt investor questions about timing and motives, but the filing contains no information about whether the sale was part of a pre-arranged plan or routine liquidity needs. There are no derivatives or other transactions disclosed to provide further context.

Securities Analyst

TL;DR: The disclosure is a straightforward insider disposition; impact appears neutral absent material additional information.

This Form 4 reports a single non-derivative sale only: 13,008.6313 common shares disposed at $5.6208 on 09/11/2025. The filing does not state any retained ownership or indirect holdings. Without data on the issuer's total shares outstanding or the reporting person’s historical trading, this sale alone does not allow for material valuation conclusions. Investors should note the complete disposal but the filing provides no further explanatory detail.

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^*

Jones Scott C

(Last) (First) (Middle)

C/O XA INVESTMENTS

321 NORTH CLARK STREET, SUITE 2430

(Street)

CHICAGO IL 60654

(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
	Officer (give title below)	X	Other (specify below)
			Trustee

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2025

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 ownership	09/11/2025	09/11/2025	S		13,008.6313	D	$5.6208	0	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:

	Scott C. Jones	09/12/2025
	** 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 did Scott C. Jones report on Form 4 for XFLT?

He reported a disposition of 13,008.6313 common shares on 09/11/2025 at a price of $5.6208 per share and 0 shares owned afterward.

When was the Form 4 signed for the XFLT transaction?

The Form 4 is signed by Scott C. Jones on 09/12/2025.

Does the filing show any derivative transactions for XFLT?

No. Table II for derivative securities contains no entries and no derivatives are reported.

Is there any indication the sale was under a 10b5-1 plan?

The filing does not indicate that the transaction was made pursuant to a 10b5-1 plan or other written plan.

What is the reporting person’s relationship to XFLT?

Scott C. Jones is identified as an Officer of the issuer.