Ghodoosi Arash 4

What Happened

• Arash Ghodoosi, President and Principal Executive Officer of Institutional Investment Strategy Fund (IVYIX), made a small open-market purchase on 2026-02-13. He acquired 0.411 shares at $12.16 per share, for a total reported cost of approximately $5. This was a purchase (P), which is generally considered a positive signal but the amount is minimal.

Key Details

• Transaction date and price: 2026-02-13 — 0.411 shares at $12.16 per share.
• Transaction type: Open-market purchase (code P).
• Total value: Approximately $5.
• Shares owned after transaction: Not specified in the provided filing.
• Filing date vs. transaction date: Form filed 2026-02-18 (5 days after the transaction). This is outside the typical 2-business-day Form 4 reporting window and may indicate a late filing; check the full filing for any explanatory footnotes.
• No 10b5‑1 plan, tax withholding, or other footnotes were provided in the summary data supplied.

Context

• The purchase is very small (fractional-share level) and may reflect routine personal investing or rounding into a position; such a de minimis purchase is unlikely by itself to indicate a change in insider conviction.
• As always, consider this alongside other insider transactions and the fund’s disclosures before drawing conclusions.