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

Reporting relationship: President, COO and Secretary, Director
Issuer ticker: HNNA
Reported as of: 18 Sep 2025
Net transaction value: -$99,720
SEC form: 4
Accepted by SEC: 19 Sep 2025, 16:31:51 UTC
Prior SEC filing: 31 Mar 2025
Source filing: View source filing
Reporting owner signature: /s/ Teresa M. Nilsen

Key filing fact

Teresa M. Nilsen filed Form 4 for HENNESSY ADVISORS INC (HNNA) on 19 Sep 2025.

Key facts

This page summarizes Teresa M. Nilsen's Form 4 filing for HENNESSY ADVISORS INC (HNNA).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 19 Sep 2025, 16:31.

Change

Previous filing in this sequence was filed on 31 Mar 2025.
Current net transaction value: -$99,720.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001165098 Primary reporting owner

NILSEN TERESA M

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

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

HNNA transaction

Common Stock

Award

Transaction value: $0
Shares: +19,700
Change %: +14%
Price: $0.000000
Shares after: 159,823
Date: 18 Sep 2025
Ownership: Direct
Footnotes: F1

HNNA transaction

Common Stock

Tax liability

Transaction value: $99,720
Shares: -9,000
Change %: -5.6%
Price: $11.08
Shares after: 150,823
Date: 18 Sep 2025
Ownership: Direct

HNNA holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 9,425
Date: 18 Sep 2025
Ownership: FBO Child

HNNA holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,518
Date: 18 Sep 2025
Ownership: By Spouse's IRA

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

Includes 19,700 shares of underlying stock units that will vest 25% per year beginning on September 18, 2026.

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