Virtus AIO (AIO) PM Justin Kass Surrenders 29,481.58 Shares

What Happened
Justin Kass, listed as a portfolio manager for Virtus Artificial Intelligence & Technology Opportunities Fund (AIO), reported a disposition to the issuer on August 10, 2026. He surrendered 29,481.584 shares at $26.27 per share, for a total value of $774,416. This was a disposition back to the issuer (not an open-market purchase)—a sale-like transaction that is often routine rather than an outright market sale.

Key Details

• Transaction date and price: 2026-08-10 — 29,481.584 shares at $26.27 each.
• Total value: $774,416 (rounded).
• Transaction type: D (Disposition to issuer) — shares returned to the company/fund.
• Shares owned after transaction: Not reported in the provided filing excerpt.
• Footnotes/plans: Filing did not specify a 10b5-1 plan or tax-withholding detail in the supplied data.
• Timeliness: Filed on 2026-08-18 for an Aug 10 transaction — this filing was late relative to the usual two-business-day Form 4 rule.

Context
Dispositions to the issuer typically involve returning shares to the company or fund (for example, to satisfy obligations or redeem holdings) and are not the same as an open-market sale signal. Retail investors should treat routine dispositions differently from open-market purchases, as purchases can be a clearer bullish indicator while dispositions can reflect administrative or tax-related actions.