W. Whitney George - Aug 16, 2023 Form 4 Insider Report for SPROTT FOCUS TRUST INC. (FUND)

Signature
/s/ W. Whitney George
Stock symbol
FUND
Transactions as of
Aug 16, 2023
Transactions value $
-$179,386
Form type
4
Date filed
8/17/2023, 06:50 PM
Previous filing
Aug 14, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FUND Common Stock Sale -$7.17K -895 -0.27% $8.02 330K Aug 16, 2023 Held by Trust F4, F6
transaction FUND Common Stock Sale -$7.17K -894 -0.27% $8.02 330K Aug 16, 2023 Held by Trust F5, F6
transaction FUND Common Stock Sale -$82.5K -10.4K -3.14% $7.97 320K Aug 17, 2023 Held by Trust F4, F7
transaction FUND Common Stock Sale -$82.5K -10.4K -3.14% $7.97 320K Aug 17, 2023 Held by Trust F5, F7
holding FUND Common Stock 7.43M Aug 16, 2023 Direct
holding FUND Common Stock 2.76M Aug 16, 2023 Held by Spouse
holding FUND Common Stock 196K Aug 16, 2023 Held by Son
holding FUND Common Stock 1.18M Aug 16, 2023 Held by Trust F1
holding FUND Common Stock 2.15M Aug 16, 2023 Held by Foundation F2
holding FUND Common Stock 95K Aug 16, 2023 Held by Trust F3
* 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 sales price of multiple transactions with a range of prices between $8.00 and $8.02 per share. 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 sold at each separate price.
F7 Represents the weighted average sales price of multiple transactions with a range of prices between $7.96 and $8.02 per share. 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 sold 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.