GEORGE W WHITNEY 4

What Happened
George W. Whitney, reported as a 10% owner of Sprott Focus Trust, purchased a total of 88,058 shares on June 29, 2026. The purchases were executed in seven lots at $9.63 per share, totaling approximately $847,998. The transactions were made pursuant to the fund's dividend reinvestment plan.

Key Details

• Transaction date: 2026-06-29 (filed on 2026-06-30). No indication in the filing that it was late.
• Price and amounts: seven purchases at $9.63 each, totaling 88,058 shares and ~$847,998.
• Transaction type/code: P = Purchase (via dividend reinvestment plan). The filing states the plan satisfies Rule 16a-11 under the 1934 Act (exempt from Section 16).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: Shares are held across multiple family trusts and a foundation (F1–F5). Mr. Whitney serves as trustee or chairman for those entities and may be deemed to beneficially own the shares; he also disclaims beneficial ownership except to the extent of any pecuniary interest.
• Remarks: Purchases were made under a dividend reinvestment plan; Rule 16a-11 exemption is noted in the filing.

Context
These are purchases (often considered more informative than routine sales) carried out through a dividend reinvestment mechanism rather than open market timing. Because the filing notes the Rule 16a-11 exemption and includes trust/foundation holdings, these transactions reflect reinvested dividends into trust-held shares rather than a direct, discretionary open-market buy by an executive.