Hennigan Michael J 4

What Happened
Michael J. Hennigan, a director of Kayne Anderson Energy Infrastructure Fund, acquired a total of 20,000 common shares in open-market purchases (transaction code P). The buys occurred across June 23–24, 2026 at prices of $13.60, $13.58, $13.53 and $13.61, for a combined cash outlay of approximately $271,600 (average price ≈ $13.58 per share). These were purchases (acquisitions), which insiders making open-market buys are often viewed as a more informative, potentially bullish signal than routine sales.

Key Details

• Transaction dates and prices:
  • 2026-06-23: 5,000 shares @ $13.60 = $68,000
  • 2026-06-24: 5,000 shares @ $13.58 = $67,900
  • 2026-06-24: 5,000 shares @ $13.53 = $67,650
  • 2026-06-24: 5,000 shares @ $13.61 = $68,050
• Total acquired: 20,000 shares; total value ≈ $271,600; average price ≈ $13.58/share.
• Shares owned after the transactions: Not reported in the provided Form 4 excerpt.
• Footnotes/plan details: Filing shows standard open-market purchases (code P); no 10b5-1 plan, option exercise, gift, or tax-withholding notes were indicated in the provided details.
• Timeliness: Form 4 was filed 2026-06-24 for trades on 2026-06-23 and 2026-06-24 — appears to be filed timely (Form 4 is generally due within two business days).

Context: These were straight open-market purchases (acquisitions of common shares), not option exercises, awards, or gifts. For retail investors, insider purchases can be a useful data point, but they should be considered alongside company fundamentals and broader market factors.