Teresa M. Nilsen - 25 Mar 2025 Form 4 Insider Report for HENNESSY ADVISORS INC (HNNA)

Signature
/s/ Teresa M. Nilsen
Issuer symbol
HNNA
Transactions as of
25 Mar 2025
Net transactions value
-$84,236
Form type
4
Filing time
27 Mar 2025, 17:18:54 UTC
Previous filing
24 Mar 2025
Next filing
31 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNNA Common Stock Sale $31,654 -3,000 -14% $10.55 18,425 25 Mar 2025 FBO Children F1, F2
transaction HNNA Common Stock Sale $10,472 -1,000 -5.4% $10.47 17,425 26 Mar 2025 FBO Children F1, F3
transaction HNNA Common Stock Sale $42,110 -4,000 -23% $10.53 13,425 27 Mar 2025 FBO Children F1, F4
transaction HNNA Common Stock Gift $0 -4,000 -2.8% $0.000000 140,123 27 Mar 2025 Direct
transaction HNNA Common Stock Gift $0 +4,000 +30% $0.000000 17,425 27 Mar 2025 FBO Children
holding HNNA Common Stock 1,518 25 Mar 2025 By Spouse's IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were held in accounts in the names of two of the reporting person's children, and were sold at the discretion of these children.
F2 The price in Column 4 is a weighted average price. The prices actually ranged from $10.4654 to $10.6000. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.
F3 The price in Column 4 is a weighted average price. The prices actually ranged from $10.4500 to $10.6000. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.
F4 The price in Column 4 is a weighted average price. The prices actually ranged from $10.4001 to $10.7000. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.