Callahan Kevin T 4

What Happened

• Kevin T. Callahan, a 10% owner of Fairway Private Equity & Venture Capital Opportunities Fund, reported multiple open‑market/private purchases of fund shares. The filing includes a Jan 2, 2026 purchase of two lots of 19,561.82 shares at $12.78 each (each lot ≈ $250,000; combined ≈ 39,123.64 shares for ≈ $500,000).
• The Form 4 also reports earlier purchases (dating back to Dec 29, 2021) that together amount to roughly 1.695 million shares acquired and about $17.4 million of reported purchases across the listed dates. These earlier buys include a 1,000,000‑share purchase on 2021‑12‑29 at $10.00 ($10.0M) and multiple subsequent purchases in 2023–2025.

Key Details

• Transaction dates & prices (reported):
  • 2021‑12‑29: 1,000,000 sh @ $10.00 = $10,000,000
  • 2023‑03‑31: 2 × 148,387.097 sh @ $9.30 = $2,760,000 (combined)
  • 2024‑12‑13: 2 × 59,431.524 sh @ $11.61 = $1,380,000 (combined)
  • 2024‑12‑31: 2 × 40,707.965 sh @ $11.30 = $920,000 (combined)
  • 2025‑04‑01: 2 × 79,447.323 sh @ $11.58 = $1,840,000 (combined)
  • 2026‑01‑02: 2 × 19,561.82 sh @ $12.78 = $500,000 (combined)
• Shares owned after transaction: The filing notes post‑transaction beneficial ownership is estimated (Footnote F1); the Form 4 does not provide a precise post‑transaction share total in this submission.
• Notable footnotes:
  • F1: Share amounts and post‑transaction ownership are estimated due to timing of the fund’s NAV calculation.
  • F2: Reported in part as General Partner of Callahan Investments, LP.
  • F3: Some entries reflect spouse’s interest in Callahan Investments, LP. These parallel entries can overlap; do not double‑count without care.
• Timeliness: Transaction dated 2026‑01‑02 was filed on 2026‑01‑29 — the Form 4 was filed late relative to the 2‑business‑day filing requirement.

Context

• As a 10% owner (reporting person) rather than a company executive, Callahan’s purchases reflect significant holder activity but may represent institutional or partnership-level buying. Purchases are generally viewed as a more informative signal than routine sales, but the filing’s footnotes and duplicate entries mean care should be taken when totaling positions.
• The transactions are reported as purchases (code P) via open market or private purchase; no options exercises, awards, or gifts are indicated.