Virtus AIO (AIO) PM James C.K. Chen Sells Shares

What Happened
James C.K. Chen, a portfolio manager for Virtus Artificial Intelligence & Technology Opportunities Fund (AIO), made three dispositions to the issuer on August 10, 2026. He delivered a total of 11,485.259 shares (3,853.259 @ $26.12; 7,382 @ $26.16; 250 @ $26.20) for aggregate proceeds of $300,279. These were dispositions to the issuer (transaction code D), i.e., the shares were returned or surrendered to the fund rather than sold on the open market.

Key Details

• Transaction date: 2026-08-10 (all three disposals)
• Prices and amounts:
  • 3,853.259 shares @ $26.12 = $100,650
  • 7,382 shares @ $26.16 = $193,078
  • 250 shares @ $26.20 = $6,551
• Total shares disposed: 11,485.259; total proceeds ≈ $300,279
• Transaction code: D (Disposition to the issuer)
• Shares owned after transaction: not specified in the provided filing details
• Notable footnotes: none reported in the supplied data (no 10b5‑1 plan, tax withholding, or gift notation shown)
• Filing timeliness: Form 4 filed on 2026-08-18 for the 2026-08-10 transactions — the filing appears late (filed 8 days after the transactions)

Context
A disposition to the issuer (code D) means the insider delivered shares back to the company/fund rather than executing an open‑market sale; common reasons include share surrender for tax or redemption-related processes, though the filing does not state the purpose. This was a sale/disposition rather than a purchase, so it’s generally considered routine insider selling activity; the filing delay may have temporarily delayed public disclosure.