C1 Fund (CFND) CIO Elliot Han Buys 5,000 Shares

What Happened

Elliot Han (listed on the filing as Han Elliot Jin), Chief Investment Officer of C1 Fund Inc. (CFND), reported an open-market purchase of 5,000 shares on 2025-12-17 at $4.81 per share, totaling $24,050. The filing is an amendment that also reports a separate 2025-09-05 disposition of 4,057 shares at $0.00, which the footnotes explain relates to a cancellation of shares held by the issuer's sponsor rather than a market sale.

Key Details

• Transactions reported:
  • 2025-12-17 — Purchase (Code P): 5,000 shares @ $4.81, total ~$24,050 (open-market/private purchase).
  • 2025-09-05 — Other acquisition/disposition (Code J): 4,057 shares @ $0.00, $0 (reflects share cancellation per footnote).
• Shares owned after transaction: Not specified on the Form 4; the amendment clarifies indirect ownership through C1 Group LLC.
• Footnotes:
  • F1: Mr. Han beneficially owns reported shares indirectly via the issuer's sponsor, C1 Group LLC. On 2025-09-05, 100,000 shares held by C1 Group LLC were cancelled because underwriters did not exercise the over‑allotment option.
  • F2: This is an amended Form 4 filed to identify shares indirectly owned through C1 Group LLC that were omitted from prior filings.
• Filing timeliness: The Form 4 was amended and filed on 2026-09-28 to report transactions from 2025; the amendment indicates prior filings did not reflect the indirect holdings.

Context

• The 12/17 purchase is a straightforward buy (often viewed as a positive signal, though motivations aren’t disclosed). The 9/5 zero‑value disposition stems from a sponsor share cancellation tied to the IPO over‑allotment not being exercised, not a cash sale.
• Because the filing reports indirect ownership through the sponsor entity, this reflects holdings tied to the sponsor structure rather than a direct personal purchase beyond the 5,000-share open‑market transaction.