Gerber Charles 4

What Happened
Charles Gerber, a trustee of Credit Suisse High Yield Credit Fund (DHY), reported an outright purchase of 16,000 fund shares on 2026-04-16. The reported price was $1.88 per share for a total cost of $30,080. The Form 4 lists the transaction as a purchase (code P), indicating acquisition rather than a sale or award.

Key Details

• Transaction date: 2026-04-16; filing date: 2026-04-17 (filed promptly the next day).
• Price and amount: 16,000 shares at $1.88 per share; total ≈ $30,080.
• Transaction type: Purchase (Form 4 code P) — reported as open-market or private purchase.
• Shares owned after transaction: Not specified in the details provided in this summary (not disclosed in the excerpt).
• Footnotes/plans: No 10b5-1 plan, tax withholding, or other special footnotes noted in the transaction details supplied.
• Timeliness: Filing appears timely (one day after the transaction); not marked late.

Context
This was a direct purchase of fund shares by a trustee. Purchases are often of interest to retail investors because they represent insiders acquiring stock, but the filing does not state any motive or a trading plan. As a trustee (not necessarily an executive or 10% owner), this transaction reflects a personal buy rather than an option exercise, gift, or compensatory award.