Ghodoosi Arash 4

What Happened
Arash Ghodoosi, President and Principal Executive Officer of Institutional Investment Strategy Fund (IVYIX), acquired 7.716 shares on 2026-07-13 at $12.96 per share for a total reported value of $100. The filing reports a purchase (transaction code P), i.e., an outright buy rather than a sale or award.

Key Details

• Transaction date: 2026-07-13
• Filing date: 2026-07-17 (file appears to be later than the standard two business-day Form 4 deadline for officers)
• Shares acquired: 7.716
• Price per share: $12.96
• Total value: $100
• Shares owned after transaction: Not specified in the available filing excerpt
• Footnotes/plans: No 10b5-1 plan, tax-withholding, or other footnotes indicated in the provided details

Context
Insider purchases can signal confidence in a company, but this transaction is very small in dollar terms ($100) and may reflect a routine or personal allocation rather than a material vote of confidence. Because the filer is the fund’s principal executive, timely disclosure is expected; the multi-day gap between trade and filing is worth noting for investors tracking insider timeliness.