Klayman Barry M. 4/A

What Happened
Barry M. Klayman, Principal Executive Officer of BBR ALO Fund, reported a sale of 4,279.381 shares on 2025-12-31 at $13.73 per share, for a total proceeds of $58,750. The Form 4 was amended to replace estimated figures with the final transaction information after the fund’s NAV was definitively calculated. This was a sale (routine disposition), not a purchase.

Key Details

• Transaction date: 2025-12-31
• Transaction type: Sale (code S) — open market or private sale
• Shares sold: 4,279.381 at $13.73 each; proceeds $58,750
• Amendment: Filing amends the original Form 4 to disclose final share count and price after the fund’s NAV was finalized (see footnote).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Reporting relationship: Klayman is also a Partner of BBR Partners, LLC, the fund’s investment adviser (noted in remarks).

Context

• The amendment reflects NAV timing: for funds priced by NAV, initial filings sometimes use estimated NAV and are later corrected once the NAV is final — this amendment corrects those estimates.
• Sales by officers can be routine (diversification, liquidity, tax), so a sale alone does not necessarily signal a change in insider confidence.