VANEKRIS ANTHONIE C 4

What Happened

• Anthonie C. van Ekris, a director of Bancroft Fund Ltd (BCV), reported two sales on October 16, 2025: 750 shares at $23.53 ($17,651) and 400 shares at $23.52 ($9,406), for a total of 1,150 shares sold and proceeds of $27,057. The filing lists these as open market or private sales (transaction code S).

Key Details

• Transaction dates and prices:
  • 2025-10-16: 750 shares @ $23.53 = $17,651
  • 2025-10-16: 400 shares @ $23.52 = $9,406
• Total shares sold: 1,150; total proceeds: $27,057.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: The 750-share sale is reported as held in a trust account for Mr. van Ekris’s daughter (he is trustee). The 400-share sale is held in a trust account for his son (he is trustee).
• Filing timeliness: The Form 4 was filed on 2026-06-02 for transactions dated 2025-10-16, indicating a late filing relative to standard Form 4 timing requirements.

Context

• These were outright sales (S), which are often routine and do not by themselves indicate management sentiment about the company. The shares were held in trust accounts for family members with Mr. van Ekris serving as trustee, so the transactions reflect trust-account dispositions rather than a direct retention decision by the insider. The late filing reduces near-term transparency and may be of interest to investors tracking insider activity.