Hennessy (HNNA) Advisory Member Daniel Libarle Receives Award

What Happened
Daniel G. Libarle, an advisory committee member at Hennessy Advisors, was granted 2,800 stock units (reported as an award, code A) on 2026-09-18. The grant is reported at $0.00 per share (total reported value $0). According to the filing, these are underlying stock units that will vest over time rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-18; Form 4 filed 2026-09-22.
• Transaction type: Grant/Award (code A).
• Shares/units granted: 2,800 units at $0.00 (reported value $0).
• Vesting: Footnote states the 2,800 units vest 25% per year beginning 9/18/2027.
• Shares owned after transaction: Not disclosed in this filing.
• No indication of sale, exercise, or tax-withholding in this report.

Context
This appears to be a time‑based restricted stock unit (RSU)-style award that vests over several years; Libarle did not buy or sell shares here. Such grants are typically compensation/retention tools and do not by themselves signal an insider buying or selling the stock.