David A. Lorber - Jun 6, 2023 Form 4 Insider Report for PhenixFIN Corp (PFX)

Role: CHAIRMAN AND CEO, Director
Signature: /s/ David A. Lorber
Stock symbol: PFX
Transactions as of: Jun 6, 2023
Transactions value $: $107,337
Form type: 4
Date filed: 6/8/2023, 08:54 PM
Previous filing: Feb 23, 2023
Next filing: Jul 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PFX	Common Stock, $0.001 par value	Purchase	$104K	+3.1K	+3.28%	$33.56	97.7K	Jun 6, 2023	Direct	F1
transaction	PFX	Common Stock, $0.001 par value	Purchase	$3.3K	+100	+0.1%	$33.01	97.8K	Jun 7, 2023	Direct
holding	PFX	Common Stock, $0.001 par value						2.44K	Jun 6, 2023	By spouse
holding	PFX	Common Stock, $0.001 par value						81.7K	Jun 6, 2023	By FrontFour Master Fund, Ltd.	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $33.06 to $33.98, inclusive. The reporting person undertakes to provide to PhenixFIN Corporation, any security holder of PhenixFIN Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
F2	Shares owned directly by FrontFour Master Fund, Ltd. ("FrontFour Master Fund") and indirectly by David A. Lorber by virtue of his position as a managing member and principal owner of the investment manager of FrontFour Master Fund. Mr. Lorber disclaims beneficial ownership of the shares owned directly by FrontFour Master Fund except to the extent of his pecuniary interest therein.

Content

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $33.06 to $33.98, inclusive. The reporting person undertakes to provide to PhenixFIN Corporation, any security holder of PhenixFIN Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

Shares owned directly by FrontFour Master Fund, Ltd. ("FrontFour Master Fund") and indirectly by David A. Lorber by virtue of his position as a managing member and principal owner of the investment manager of FrontFour Master Fund. Mr. Lorber disclaims beneficial ownership of the shares owned directly by FrontFour Master Fund except to the extent of his pecuniary interest therein.