Dakos Andrew 4

4 · SPECIAL OPPORTUNITIES FUND, INC. · Filed Jun 4, 2026

AI-generated summary of this filing

Updated Jun 4, 2026

Special Opportunities Fund (SPE) CEO Andrew Dakos Sells Shares

What Happened

Andrew Dakos, President, CEO and a director of Special Opportunities Fund, Inc. (SPE), reported sales of common stock and a derivative position. He disposed of 6,594 total shares across transactions on June 2–3, 2026 for aggregate proceeds of roughly $95,117.
Sales detail: 1,077 shares at $14.02 ($15,100), 5,184 shares at a weighted-average $14.11 ($73,146), 133 shares at $14.07 ($1,871), and a 200-share derivative sale at $25.00 ($5,000). All transactions are coded “S” (sale).

Key Details

Transaction dates and prices:
- 2026-06-02: 1,077 shares @ $14.02 — $15,100
- 2026-06-02: 200 derivative shares @ $25.00 — $5,000
- 2026-06-03: 5,184 shares @ $14.11 (weighted avg; see footnote) — $73,146
- 2026-06-03: 133 shares @ $14.07 — $1,871
Shares owned after the transactions: not specified in the provided extract.
Notable footnotes:
- F1: The $14.11 price is a weighted average; sales occurred across prices in the $14.04–$14.24 range (reporting person can furnish per-price details on request).
- F2/F4: Some holdings were acquired via the issuer’s in‑kind stock distribution in January 2026.
- F3: The reporting person disclaims beneficial ownership of securities held indirectly.
- F5/F6: The reporting mentions preferred stock convertible into common at a current ratio of 1.7190 and redeemable if not converted by Jan 21, 2027 — relevant to derivative holdings.
Timeliness: Form 4 was filed on 2026-06-04 for transactions on 2026-06-02 and 06-03; the filing appears timely.

Context

These were sales (not purchases); insider sales can be routine (liquidity, tax, portfolio management) and do not by themselves indicate company performance.
The 200-share transaction is listed as a derivative sale — the filing includes conversion/redemption details for related preferred shares; derivative transactions differ from straightforward open-market common-stock sales.
No 10% owner, 10b5-1 plan, or late-filing flags are indicated in the provided data.

Form 4

Period: 2026-06-02

DirectorPresident and CEOOther

Transactions

Sale
Common Stock
[F2]
2026-06-02$14.02/sh−1,077$15,100→ 5,184 total
Sale
Common Stock
[F1]
2026-06-03$14.11/sh−5,184$73,146→ 0 total
Sale
Common Stock
[F3][F4]
2026-06-03$14.07/sh−133$1,871→ 0 total(indirect: By Partnership)
Sale
2.75% Cconvertible Preferred Stock, Series C
[F5][F6]
2026-06-02$25.00/sh−200$5,000→ 0 total
Exercise: $0.00→ Common Stock (343 underlying)

Holdings

Footnotes (6)

[F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $14.04 to $14.24, inclusive. The reporting person hereby undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
[F2]Amount includes shares acquired through the issuer's in-kind stock distribution in January 2026.
[F3]The Reporting Person disclaims beneficial ownership of the securities held Indirectly, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purposes.
[F4]Shares were acquired by the limited partnership through the issuer's in-kind stock distribution in January 2026.
[F5]The shares of Preferred Stock are convertible into common stock immediately upon issuance at a conversion ratio which is subject to adjustment. The current conversion ratio is equal to 1.7190 shares of common stock for each share of Preferred Stock held.
[F6]The shares of Preferred Stock will be redeemed by the Issuer if not converted prior to January 21, 2027.

Signature

/s/ Stephanie Darling, Power of Attorney for Andrew Dakos|2026-06-04

1 file