GEORGE W WHITNEY 4
4 · SPROTT FOCUS TRUST INC. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Sprott Focus Trust 10% Owner George W. Whitney Buys Shares
What Happened
George W. Whitney, a 10% owner of Sprott Focus Trust, purchased a total of 135,086 shares on March 27, 2026 (open market/private purchases coded P). The purchases were made at prices ranging from $8.85 to $8.96 per share and total approximately $1,209,867. The filing notes these were made pursuant to a dividend reinvestment plan that meets Rule 16a-11 requirements.
Key Details
- Transaction date: 2026-03-27; Form 4 filed 2026-03-31 (period of report 2026-03-27).
- Individual trades reported:
- 16,268 sh @ $8.96 = $145,761
- 4,571 sh @ $8.85 = $40,453
- 48,814 sh @ $8.96 = $437,373
- 21,227 sh @ $8.96 = $190,194
- 3,943 sh @ $8.96 = $35,329
- 1,702 sh @ $8.96 = $15,250
- 38,561 sh @ $8.96 = $345,507
- Total acquired: 135,086 shares for ~$1,209,867.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: Shares are held across family trusts and The Meredith and Whitney George Foundation (Mr. Whitney is trustee or chairman in those entities); he may be deemed to beneficially own those shares but disclaims ownership except to the extent of pecuniary interest.
- Transaction mechanism: Dividend reinvestment plan (exempt under Rule 16a-11 from Section 16 reporting rules).
- Filing timeliness: Form filed 4 days after the transaction date; filing does not indicate a late-report designation in the excerpt.
Context
- These were purchases (acquisitions), which retail investors often view as a more informative signal than sales, though dividend reinvestment purchases are often routine.
- As a reported 10% owner with trustee/charitable roles, some shares are held in affiliated trusts/foundations; the filing includes standard disclaimers about beneficial ownership.
- The Rule 16a-11 exemption means these dividend reinvestment transactions are treated differently from typical insider trades for Section 16 purposes.
Insider Transaction Report
Form 4
GEORGE W WHITNEY
Director10% OwnerOther
Transactions
- Purchase
Common Stock
2026-03-27$8.96/sh+16,268$145,761→ 8,094,301 total - Purchase
Common Stock
[F5]2026-03-27$8.85/sh+4,571$40,453→ 311,376 total(indirect: By Trust) - Purchase
Common Stock
2026-03-27$8.96/sh+48,814$437,373→ 3,325,077 total(indirect: By Spouse) - Purchase
Common Stock
[F3]2026-03-27$8.96/sh+21,227$190,194→ 1,445,933 total(indirect: By Trust) - Purchase
Common Stock
[F1]2026-03-27$8.96/sh+3,943$35,329→ 268,593 total(indirect: By Trust) - Purchase
Common Stock
[F4]2026-03-27$8.96/sh+1,702$15,250→ 115,994 total(indirect: By Trust) - Purchase
Common Stock
[F2]2026-03-27$8.96/sh+38,561$345,507→ 2,626,673 total(indirect: By Foundation)
Footnotes (5)
- [F1]Shares held by a trust established for the benefit of Mr. George's immediate family member (the "BM Trust"). Mr. George serves as trustee of the BM Trust and, in such capacity, has investment and voting discretion over shares held by the BM Trust. Mr. George may be deemed to beneficially own the shares held by the BM Trust.
- [F2]Shares held by The Meredith and Whitney George Foundation (the "Foundation"). Mr. George serves as the Chairman of the Foundation and, in such capacity, has investment and voting discretion over shares held by the Foundation.
- [F3]Shares held by a trust established for the benefit of Mr. George's children. As beneficiaries of the trust, Mr. George's children have a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust.
- [F4]Shares held by a trust established for the benefit of Mr. George's spouse. Mr. George serves as trustee of the trust and, in such capacity, has investment and voting discretion over shares held by the trust. As beneficiary of the trust, Mr. George's spouse has a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust.
- [F5]Shares held by a trust established for the benefit of Mr. George's immediate family member (the "TM Trust"). Mr. George serves as trustee of the TM Trust and, in such capacity, has investment and voting discretion over shares held by the TM Trust. Mr. George may be deemed to beneficially own the shares held by the TM Trust.
Signature
/s/ W. Whitney George|2026-03-31