Reed Scott A. 4

What Happened
Director Reed Scott A. bought a total of 5,000 C1 Fund (CFND) shares in two open-market purchases: 401 shares on 2026-06-11 at $3.10 each ($1,243) and 4,599 shares on 2026-06-12 at $3.10 each ($14,257). These were purchases (transaction code P), which are typically interpreted as a direct insider buy rather than a sale.

Key Details

• Transaction dates and prices: 2026-06-11 — 401 shares @ $3.10 ($1,243); 2026-06-12 — 4,599 shares @ $3.10 ($14,257). Total: 5,000 shares for $15,500.
• Filing date: Form 4 filed 2026-06-15 (covers transactions on June 11–12); filing appears to be timely.
• Shares owned after transaction: Not specified in the provided filing details.
• Notable footnotes: No 10b5-1 plan, tax-withholding, or other special footnotes disclosed in the reported transactions.

Context
These were straightforward open-market purchases by a company director. Purchases can be more informative to investors than routine sales, but they do not by themselves explain the insider’s motives. No option exercises, gifts, or immediate resale were reported in this filing.