Hennessy Advisors (HNNA) Director Kiera Newton Sells 504 Shares

What Happened
Kiera Newton, a director of Hennessy Advisors Inc. (HNNA), sold 504 shares on 2026-09-29 at $10.02 per share for proceeds of approximately $5,050. The filing reports this as a sale (transaction code S), indicating shares were disposed of in an open-market or private sale.

Key Details

• Transaction date: 2026-09-29; Filing date (Form 4): 2026-09-30 (timely filing).
• Price per share: $10.02; Total proceeds: ≈ $5,050.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Transaction code: S (sale). No footnotes (e.g., 10b5-1 plan, tax withholding) were included in the provided data.

Context
Sales by directors can be routine (liquidity, diversification, taxes) and are generally less informative than purchases as signals of confidence. This was a small-dollar sale relative to many insider trades and, by itself, does not necessarily indicate a change in insider sentiment.