Thomas L. Seavey - 14 Aug 2025 Form 4 Insider Report for HENNESSY ADVISORS INC (HNNA)

Role: Director
Signature: /s/ Teresa M. Nilsen, Attorney-in-Fact for Thomas L. Seavey
Issuer symbol: HNNA
Transactions as of: 14 Aug 2025
Net transactions value: -$56,556
Form type: 4
Filing time: 18 Aug 2025, 17:02:04 UTC
Previous filing: 14 Aug 2025
Next filing: 19 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SEAVEY THOMAS L	Director	7250 REDWOOD BLVD, SUITE 200, NOVATO	/s/ Teresa M. Nilsen, Attorney-in-Fact for Thomas L. Seavey	18 Aug 2025	0001165097

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HNNA	Common Stock	Sale	$28,878	-2,698	-4.8%	$10.70	53,027	14 Aug 2025	Direct	F1
transaction	HNNA	Common Stock	Sale	$27,678	-2,603	-4.9%	$10.63	50,424	15 Aug 2025	Direct	F2

* 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 $10.6300 to $10.8000. 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.
F2	The price in Column 4 is a weighted average price. The prices actually ranged from $10.6000 to $10.9550. 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 $10.6300 to $10.8000. 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.

The price in Column 4 is a weighted average price. The prices actually ranged from $10.6000 to $10.9550. 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.