DENNEEN JOHN E 4

What Happened
John E. Denneen, listed as Secretary and Secretary Investment Advisor for Royce Micro-Cap Trust, purchased 4,000 shares in an open-market transaction on 2026-06-05 at $13.70 per share, for a total cost of $54,800. This was a purchase (transaction code P), which is generally viewed as a more informative signal than routine sales.

Key Details

• Transaction date: 2026-06-05 (reported on Form 4 filed 2026-06-08).
• Type: Open-market purchase (Code P).
• Shares acquired: 4,000 at $13.70 each.
• Total value: $54,800.
• Shares owned after transaction: Not specified in the filing.
• Footnotes/plan: No 10b5-1 plan, tax withholding, or other special notes reported.
• Timeliness: Form 4 filed on 2026-06-08 — within the standard two-business-day reporting window for a 2026-06-05 trade.

Context
Insider purchases can signal confidence but do not guarantee future performance. Denneen is an officer/advisor rather than a 10% owner; this appears to be a straightforward open-market buy with no derivatives or gift mechanics involved.