W. Whitney George - Jan 24, 2022 Form 4 Insider Report for SPROTT FOCUS TRUST INC. (FUND)

Role
Director, Senior Portfolio Manager, 10%+ Owner
Signature
/s/ W. Whitney George
Stock symbol
FUND
Transactions as of
Jan 24, 2022
Transactions value $
$53,337
Form type
4
Date filed
4/12/2022, 04:15 PM
Previous filing
Jan 18, 2022
Next filing
May 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FUND Common Stock Purchase $53.3K +6.74K +1.11% $7.91 612K Jan 24, 2022 Held by Trust F2, F4
holding FUND Common Stock 7.33M Jan 24, 2022 Direct F4
holding FUND Common Stock 2.73M Jan 24, 2022 Held by Spouse F4
holding FUND Common Stock 177K Jan 24, 2022 Held by Son F4
holding FUND Common Stock 1.09M Jan 24, 2022 Held by Trust F1, F4
holding FUND Common Stock 1.98M Jan 24, 2022 Held by Foundation F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by a trust established for the benefit of Mr. George's children. As beneficiaries of the trust, Mr. George's children have a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust.
F2 Shares held by The Mallory Descendant's Trust U/T/A DTD 12/31/2013 (the "Descendant's Trust"). Mr. George serves as trustee of the Descendant's Trust and, in such capacity, has investment and voting discretion over shares held by the Descendant's Trust. As a beneficiary of the Descendant's Trust, Mr. George's spouse has a pecuniary interest in the Descendant's Trust. Mr. George may be deemed to beneficially own the shares held by the Descendant's Trust.
F3 Shares held by The Meredith and Whitney George Family Foundation (the "Foundation"). Mr. George serves as Chairman of the Foundation and, in such capacity, has investment and voting discretion over shares held by the Foundation.
F4 Amount of shares beneficially owned includes shares acquired under the Issuer's Dividend Reinvestment Program (the DRIP) on March 25, 2022, subsequent to the purchase on January 24, 2022 reported herein.

Remarks:

Mr. George disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. George is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.