CALAMOS JOHN P SR 4

What Happened

• John P. Calamos Sr., Global Chief Investment Officer, reported multiple open-market/private purchases of shares in Calamos Aksia Alternative Credit & Income Fund between 2023 and 2025, and a small sale in 2026. Purchases reported: 9,000 shares on 2023-06-07 ($10.00 each, $90,000 total), 8,942.611 shares on 2024-07-10 ($10.52, $94,076), 10,006.125 shares on 2025-06-05 ($10.72, $107,266), 1,397.947 shares on 2025-10-02 ($10.72, $14,986), and 11.807 shares on 2025-10-30 ($10.65, $126). Total reported purchases ≈ 29,358.49 shares for ≈ $306,454. He also reported a disposition: 615.58 shares sold on 2026-03-02 at $10.63 for $6,544. Purchases are generally informative; the single small sale appears routine.

Key Details

• Transaction dates and amounts:
  • 2023-06-07: 3 × open-market/private purchases of 3,000 shares @ $10.00 each (total 9,000 shares, $90,000)
  • 2024-07-10: Purchase 8,942.611 shares @ $10.52 ($94,076)
  • 2025-06-05: Purchase 10,006.125 shares @ $10.72 ($107,266)
  • 2025-10-02: Purchase 1,397.947 shares @ $10.72 ($14,986)
  • 2025-10-30: Purchase 11.807 shares @ $10.65 ($126)
  • 2026-03-02: Sale 615.58 shares @ $10.63 ($6,544)
• Shares owned after transaction: Not specified in the filing.
• Transaction codes: P = purchase, S = sale (all transactions were open market/private purchases or a sale).
• Filing and timeliness: Form 4 was filed 2026-03-11 covering transactions as early as 2023-06-07, indicating a delayed/late filing relative to the trade dates.
• Reporting note: The filer disclaimed beneficial ownership except to the extent of a pecuniary interest.

Context

• These were straightforward purchases and one small sale (no option exercises, gifts, or complex derivatives reported). Purchases by an insider can be of interest to retail investors, but the late filing reduces the timeliness and usefulness of this information. As always, insider trades are one data point and do not prove future performance.