Kathryn Fahy - 13 May 2025 Form 4 Insider Report for HENNESSY ADVISORS INC (HNNA)

Role: SVP and CFO
Signature: /s/ Teresa M. Nilsen, Attorney-in-Fact for Kathryn Fahy
Issuer symbol: HNNA
Transactions as of: 13 May 2025
Net transactions value: -$107,118
Form type: 4
Filing time: 14 May 2025, 17:54:04 UTC
Previous filing: 27 Feb 2025
Next filing: 19 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Fahy Kathryn	SVP and CFO	7250 REDWOOD BLVD, SUITE 200, NOVATO	/s/ Teresa M. Nilsen, Attorney-in-Fact for Kathryn Fahy	14 May 2025	0001729765

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HNNA	Common Stock	Sale	$107,118	-10,000	-13%	$10.71	64,211	13 May 2025	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The price in Column 4 is a weighted average price. The prices actually ranged from $10.7000 to $10.8600. 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.

Content

The price in Column 4 is a weighted average price. The prices actually ranged from $10.7000 to $10.8600. 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.