VANEKRIS ANTHONIE C 4

What Happened Anthonie C. vanEkris, a director of Ellsworth Growth & Income Fund Ltd (ECF), disposed of a total of 3,309 shares in two open-market sales on October 16, 2025. He sold 2,000 shares at $12.25 each for $24,504 and 1,309 shares at $12.28 each for $16,071, for a combined proceeds of $40,575. These were sales (not purchases), which are often routine transactions and do not by themselves indicate company outlook.

Key Details

• Transaction date: 2025-10-16 (two open-market sales).
• Prices and amounts: 2,000 shares @ $12.25 = $24,504; 1,309 shares @ $12.28 = $16,071; total ≈ $40,575.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: The sold shares were held in trust accounts for Mr. van Ekris’s daughter (F1) and son (F2); Mr. van Ekris serves as trustee for those accounts.
• Filing timeliness: The Form 4 was filed on 2026-06-02 for transactions dated 2025-10-16, which is well after the typical 2-business-day reporting deadline (the filing appears late).

Context

• Sales from trust accounts or by a trustee can reflect estate or trust management decisions rather than the insider’s personal trading intent; such disposals don’t necessarily signal management sentiment about the stock.
• For retail investors, insider purchases generally carry more weight as potential positive signals; routine sales (including trustee-directed sales) are common and may be for non-investment reasons.