Teresa M. Nilsen - 18 Sep 2025 Form 4 Insider Report for HENNESSY ADVISORS INC (HNNA)

Role
President, COO and Secretary, Director
Signature
/s/ Teresa M. Nilsen
Issuer symbol
HNNA
Transactions as of
18 Sep 2025
Net transactions value
-$99,720
Form type
4
Filing time
19 Sep 2025, 16:31:51 UTC
Previous filing
31 Mar 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
NILSEN TERESA M President, COO and Secretary, Director 7250 REDWOOD BLVD, SUITE 200, NOVATO /s/ Teresa M. Nilsen 19 Sep 2025 0001165098

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNNA Common Stock Award $0 +19,700 +14% $0.000000 159,823 18 Sep 2025 Direct F1
transaction HNNA Common Stock Tax liability $99,720 -9,000 -5.6% $11.08 150,823 18 Sep 2025 Direct
holding HNNA Common Stock 9,425 18 Sep 2025 FBO Child
holding HNNA Common Stock 1,518 18 Sep 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 Includes 19,700 shares of underlying stock units that will vest 25% per year beginning on September 18, 2026.