CALAMOS JOHN P SR 4

What Happened
John P. Calamos Sr., Global CIO, reported a gift (code G) of 897.771 shares of Calamos Aksia Alternative Credit & Income Fund on 2026-04-22 (reported 2026-04-23). The filing also discloses a small open-market sale of 615.58 shares on 2026-03-02 for $10.63/share (proceeds $6,544) and multiple prior open-market purchases between 2023 and 2025 (totaling ~29,358 shares purchased for roughly $306k). Purchases are generally viewed as a more bullish signal than gifts or sales; gifts do not generate proceeds and do not necessarily reflect sentiment.

Key Details

• Primary transaction: Gift of 897.771 shares on 2026-04-22 (no cash proceeds).
• Recent sale: 615.58 shares sold on 2026-03-02 at $10.63 each (≈ $6,544).
• Prior purchases: multiple open-market buys from 2023–2025 totaling ~29,358 shares (aggregate cost ≈ $306,454).
• Filing: Reported 2026-04-23 for a report period of 2026-04-22 (filed next day; appears timely).
• Shares owned after transaction: not specified in the provided data.
• Footnote: F1 states beneficial ownership after the reported transaction includes shares acquired by Calamos Investments LLC via the fund’s dividend reinvestment plan between Feb 19, 2026 and the transfer date; the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.

Context
Gifts are personal transfers (often for estate planning or family reasons) and do not provide sale proceeds; they should not be taken alone as an indicator of positive or negative sentiment. The insider’s history of repeated purchases from 2023–2025 shows prior accumulation, while the recent transactions (small sale, then gift) are modest relative to those purchases.