Watson Robert A. 4

What Happened

• Robert A. Watson, President of Destra Multi-Alternative Fund (MSFIX), made multiple open-market purchases (code P) on Feb 26–27, 2026, acquiring a total of 537 shares. The trades were small-dollar buys at prices between $8.53 and $8.68, totaling roughly $4,640—a purchase (typically viewed as a more bullish signal than a sale).

Key Details

• Transactions (all purchases):
  • 2026-02-26: 60 shares @ $8.53 (≈ $512)
  • 2026-02-26: 26 shares @ $8.58 (≈ $223)
  • 2026-02-27: 19 shares @ $8.63 (≈ $164)
  • 2026-02-27: 168 shares @ $8.63 (≈ $1,451)
  • 2026-02-27: 249 shares @ $8.68 (≈ $2,160)
  • 2026-02-27: 15 shares @ $8.64 (≈ $130)
• Total acquired: 537 shares for about $4,640.
• Shares owned after the transactions: not specified in the provided filing.
• Footnotes/plan: filing shows open-market purchases (code P); no 10b5-1 plan, tax-withholding, or other special footnotes disclosed in the summary provided.
• Filing timeliness: Report filed on 2026-03-02 for trades on Feb 26–27, 2026—this filing date is within the normal Form 4 reporting window (timely).

Context

• These were straightforward open-market purchases (not option exercises, gifts, or awards). Small, incremental insider buys like this can indicate routine accumulation rather than a large, company-moving stake. No additional context (e.g., shareholdings after the buys or a 10% ownership status) was provided in the reported data.