Royce Small-Cap Trust (RVT) CEO Christopher D. Clark Buys 1,200 Shares

What Happened

Christopher D. Clark, President, Director and CEO Investment Advisor of Royce Small-Cap Trust, purchased 1,200 shares on 2026-09-30 at $17.06 per share, for a total consideration of $20,472. The Form 4 lists the transaction as a purchase (code P), which is a buy rather than a sale.

Key Details

• Transaction date: 2026-09-30
• Price and amount: 1,200 shares @ $17.06; total value $20,472
• Transaction type/code: Open market or private purchase (P) as reported on the Form 4
• Shares owned after the transaction: Not reported on the filing
• Filing timeliness: Reported with the same period date (2026-09-30); the filing appears timely
• Footnotes/notes: None disclosed on the Form 4

Context

The filing lists the acquisition as an "open market or private purchase" but does not specify which. Purchases by insiders can be of interest to retail investors as one data point on insider conviction, though they do not guarantee future performance. This was a straightforward equity purchase (no option exercise, gift, or tax withholding involved).