Hennessy Advisors Director Hansel Henry Receives 5,600-Share Award

What Happened
Hansel Henry, a director of Hennessy Advisors Inc. (HNNA), was granted 5,600 stock units on September 18, 2026. The Form 4 reports the acquisition price as $0.00 (no cash paid). This is an award/compensation grant rather than an open-market purchase or sale, so it is generally a routine compensation event rather than a direct buy or sell signal.

Key Details

• Transaction date: 2026-09-18; Form 4 filed: 2026-09-22 (timely filing).
• Grant: 5,600 stock units reported as acquired at $0.00 (no cash paid).
• Vesting: Includes 5,600 underlying stock units that vest 25% per year beginning September 18, 2027 (i.e., likely a four-year annual vesting schedule).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Filed on 2026-09-22, which is within the Form 4 reporting window for a 2026-09-18 transaction.

Context
This transaction is an award/compensation grant (reported with code A). Such grants are commonly part of director compensation packages and do not necessarily indicate buying or selling sentiment. The vesting schedule means Henry will gain control of portions of the award over time (25% per year), subject to continued service and any plan terms.