W. Whitney George - Oct 17, 2022 Form 4 Insider Report for SPROTT FOCUS TRUST INC. (FUND)

Signature
/s/ W. Whitney George
Stock symbol
FUND
Transactions as of
Oct 17, 2022
Transactions value $
$73,852
Form type
4
Date filed
10/19/2022, 06:18 PM
Previous filing
Oct 6, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FUND Common Stock Purchase $56.3K +7.8K +9.69% $7.22 88.3K Oct 17, 2022 Held by Trust F3, F6
transaction FUND Common Stock Purchase $17.5K +2.41K +2.73% $7.27 90.7K Oct 18, 2022 Held by Trust F3, F7
holding FUND Common Stock 7.36M Oct 17, 2022 Direct
holding FUND Common Stock 2.73M Oct 17, 2022 Held by Spouse
holding FUND Common Stock 183K Oct 17, 2022 Held by Son
holding FUND Common Stock 1.13M Oct 17, 2022 Held by Trust F1
holding FUND Common Stock 2.05M Oct 17, 2022 Held by Foundation F2
holding FUND Common Stock 317K Oct 17, 2022 Held by Trust F4
holding FUND Common Stock 317K Oct 17, 2022 Held by Trust F5
* 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 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.
F3 Shares held by a trust established for the benefit of Mr. George's spouse. Mr. George serves as trustee of the trust and, in such capacity, has investment and voting discretion over shares held by the trust. As beneficiary of the trust, Mr. George's spouse has a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust.
F4 Shares held by a trust established for the benefit of Mr. George's immediate family member (the "BM Trust"). Mr. George serves as trustee of the BM Trust and, in such capacity, has investment and voting discretion over shares held by the BM Trust. Mr. George may be deemed to beneficially own the shares held by the BM Trust.
F5 Shares held by a trust established for the benefit of Mr. George's immediate family member (the "TM Trust"). Mr. George serves as trustee of the TM Trust and, in such capacity, has investment and voting discretion over shares held by the TM Trust. Mr. George may be deemed to beneficially own the shares held by the TM Trust.
F6 Represents the weighted average purchase price of multiple transactions with a range of prices between $7.18 and $7.24. Mr. George hereby undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.
F7 Represents the weighted average purchase price of multiple transactions with a range of prices between $7.25 and $7.28. Mr. George hereby undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.

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.