C1 Fund (CFND) CFO David Hytha Disposes 4,057 Shares

What Happened

• David Hytha, Chief Financial Officer of C1 Fund Inc. (CFND), is reported to have had 4,057 shares disposed on September 5, 2025. The transaction is recorded at $0.00 per share (total $0), reported on Form 4 with transaction code "J" (other acquisition or disposition).
• The $0 proceeds and the filing footnotes indicate these were not an open-market sale but reflect a cancellation/adjustment related to shares held indirectly through the issuer's sponsor, C1 Group LLC.

Key Details

• Transaction date: September 5, 2025; reported price: $0.00 per share; shares disposed: 4,057.
• Transaction code: J (other acquisition or disposition) — often used for cancellations or non-cash adjustments.
• Shares owned after transaction: Not specified in the provided excerpt; the Form 4 reports Mr. Hytha’s indirect ownership through C1 Group LLC.
• Footnote highlights:
  • F1: Mr. Hytha beneficially owns reported shares indirectly via sponsor C1 Group LLC; 100,000 shares held by C1 Group LLC were cancelled on Sep 5, 2025 because underwriters did not exercise the over‑allotment option in the IPO.
  • F2: This filing is an amendment to correct the number of shares Mr. Hytha indirectly owned after dilution that occurred on Aug 7, 2025 (IPO date) when certain investor interests in C1 Group LLC vested.
• Filing timeliness: The Form 4 amendment was filed on Sep 28, 2026—substantially after the Sep 5, 2025 transaction—so this is a late/amended report.

Context

• A disposition recorded at $0 typically indicates a cancellation, forfeiture, or similar non-cash adjustment (here tied to the IPO over‑allotment not being exercised), not a market sale. That means it does not reflect the insider selling shares for cash and is not necessarily a signal of negative sentiment.
• The shares are held indirectly through C1 Group LLC; changes in the sponsor’s capitalization or vesting of other investors’ interests can change an insider’s indirect ownership without a direct trade by the insider.