Distenfeld Gershon M 4

What Happened Gershon M. Distenfeld, a Vice President of AllianceBernstein Global High Income Fund Inc. (AWF), made open-market purchases on 2026-01-22 of 850 shares at $10.60 ($9,006) and 743 shares at $10.60 ($7,875), totaling 1,593 shares ($16,881). He then sold 33 shares at $10.57 ($349) and 5,429 shares at $10.57 ($57,385) on 2026-02-05, totaling 5,462 shares ($57,734). Purchases are direct acquisitions (bullish signal in isolation); the larger subsequent sales represent a net reduction of his position.

Key Details

• Transaction dates and prices:
  • 2026-01-22: Purchase — 850 sh @ $10.60 ($9,006) and 743 sh @ $10.60 ($7,875).
  • 2026-02-05: Sale — 33 sh @ $10.57 ($349) and 5,429 sh @ $10.57 ($57,385).
• Aggregate bought: 1,593 shares ($16,881). Aggregate sold: 5,462 shares ($57,734).
• Shares beneficially owned after these transactions are not specified in the excerpt; the filing notes (F1) that the reported ownership includes 2,657.6027 shares acquired via the issuer’s dividend reinvestment plan since the Form 4 filed on Jan 17, 2025.
• Filing and timeliness: Form filed 2026-04-07 for transactions that occurred in Jan–Feb 2026 — this is a late filing relative to the typical two-business-day Form 4 deadline, meaning disclosure was delayed.

Context

• All transactions were reported as open-market purchases/sales (codes P and S). No option exercises, grants, or gifts were involved.
• The DRIP-related footnote explains part of the insider’s holdings were accumulated via dividend reinvestment, not new market purchases.
• Late filings reduce the promptness of public disclosure but do not by themselves indicate intent; retail investors should combine this record with other filings and market data when evaluating insider activity.