CHAD EISENBERG 4

What Happened

• Chad Eisenberg, Treasurer of First Trust Alternative Opportunities Fund (ticker: VFLEX), reported an open‑market purchase of 54,230 shares on 2026-07-02 at $27.66 per share for a total of $1,500,002. He also reported four small “other” acquisitions (0.3 shares each) between 2026-04-02 and 2026-07-02 tied to dividend reinvestment (~$8 each).
• The large transaction is a purchase (buying shares) — purchases are often viewed as more informative than routine sales because they increase the insider’s economic exposure.

Key Details

• Major purchase: 54,230 shares on 2026-07-02 @ $27.66 = $1,500,002 (transaction code P = open market purchase).
• Dividend reinvestments: four entries of 0.3 shares on 2026-04-02, 2026-05-06, 2026-06-03, and 2026-07-02 (prices ~$26.81–$27.19; each ~$8) (transaction code J = other acquisition; footnote F1 = dividend reinvestment).
• Shares owned after the transactions: not disclosed in this Form 4 filing.
• Footnote F2: Mr. Eisenberg disclaims beneficial ownership of these securities except to the extent of his pecuniary interest (common in fund contexts; means he may not claim voting/management control).
• Filing timeliness: Form 4 was filed on 2026-07-07. The July 2 purchase appears to have been reported after the typical two‑business‑day SEC filing window, so the report appears late (delayed disclosure of insider activity).

Context

• The P code indicates an open‑market buy; the small J entries are explained by dividend reinvestment (F1) rather than separate, active purchases.
• For retail investors, purchases by officers can be noteworthy because they increase the insider’s economic stake, but they do not by themselves prove future performance. The F2 disclaimer suggests this holding may reflect pecuniary (economic) interest rather than control of the securities.