W. Whitney George - Dec 6, 2022 Form 4 Insider Report for SPROTT FOCUS TRUST INC. (FUND)

Signature
/s/ W. Whitney George
Stock symbol
FUND
Transactions as of
Dec 6, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 04:13 PM
Previous filing
Oct 19, 2022
Next filing
Aug 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FUND Common Stock Gift $0 -6K -0.08% $0.00 7.37M Dec 6, 2022 Direct F6
transaction FUND Common Stock Gift $0 -9K -0.33% $0.00 2.72M Dec 6, 2022 Held by Spouse F6
transaction FUND Common Stock Gift $0 -6.4K -0.09% $0.00 7.36M Jan 3, 2023 Direct F7
transaction FUND Common Stock Gift $0 -6.4K -0.24% $0.00 2.71M Jan 3, 2023 Held by Spouse F7
transaction FUND Common Stock Gift $0 +4.27K +2.29% $0.00 190K Jan 3, 2023 Held by Son F6, F7
holding FUND Common Stock 1.15M Dec 6, 2022 Held by Trust F1, F6
holding FUND Common Stock 2.09M Dec 6, 2022 Held by Foundation F2, F6
holding FUND Common Stock 92.1K Dec 6, 2022 Held by Trust F3, F6
holding FUND Common Stock 322K Dec 6, 2022 Held by Trust F4, F6
holding FUND Common Stock 322K Dec 6, 2022 Held by Trust F5, F6
* 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 Amount of shares beneficially owned includes shares acquired under the Issuer's Dividend Reinvestment Program (the DRIP) on December 22, 2022, subsequent to the gift transactions on December 6, 2022 reported herein.
F7 Represents transfers as gifts by each of Mr. George and his spouse of 2,133 shares to each of their three sons, resulting in a cumulative gift transfer of 6,399 shares by each of Mr. George and his spouse. Mr. George may be deemed to beneficially own and have a pecuniary interest in the 4,266 shares transferred to the son that resides in Mr. George's household.

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.