SIMS LUKE E 4

What Happened

• Luke E. Sims, President & CEO and a director of Eagle Capital Growth Fund, Inc. (GRF), bought a total of 1,467 shares on May 18, 2026 in two transactions. He purchased 258 shares at $10.10 ($2,606) (transaction marked L) and 1,209 shares at $10.20 ($12,332) (transaction code P), for a combined outlay of $14,938. These were purchases (not sales), which are typically viewed as a more informative—though not definitive—signal than routine sales.

Key Details

• Transaction dates and prices: 2026-05-18 — 258 sh @ $10.10 (L) and 1,209 sh @ $10.20 (P).
• Total shares acquired: 1,467; total cost: $14,938.
• Filing: Form 4 filed 2026-05-19 reporting period 2026-05-18; one line is marked "L" indicating a late reporting designation for that acquisition.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: The filer disclaims beneficial ownership of the reported securities (Footnote F1), i.e., the report states the filer does not claim beneficial ownership for Section 16 purposes.
• No options, awards, gifts, or tax-withholding transactions were reported in this filing.

Context

• Small, direct purchases by an executive can be interpreted positively by some investors, but this was a modest total ($~15k) and should be weighed with other insider activity and company fundamentals. The late-marked line (L) indicates a reporting timing irregularity for one small trade; the Form 4 itself was filed the next day.