Form 4: Director Anthonie C. van Ekris Sells ECF Shares

Director Anthonie C. van Ekris reported the sale of 3,309 common shares of Ellsworth Growth & Income Fund Ltd.

Summary

• Anthonie C. van Ekris, a director of Ellsworth Growth & Income Fund Ltd (ECF), sold a total of 3,309 common shares on October 16, 2025.
• The shares were sold from two separate trust accounts held for his children.
• 2,000 shares were sold at an average price of $12.252 per share.
• 1,309 shares were sold at an average price of $12.2776 per share.
• Following these transactions, the reporting person retains 1,000 shares in each of the two trust accounts.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it reflects personal portfolio management by a director rather than a change in the company's operational health.

Positives

• The transaction represents a routine divestment by an insider rather than a signal of fundamental business distress.

Negatives

• Insider selling can sometimes be perceived by the market as a lack of confidence in the short-term price appreciation of the fund.

Risks

• Market volatility affecting the net asset value of the fund's underlying holdings.

Future Outlook

Not applicable as this is a standard insider transaction report.

Industry Context

StockSavvy.ai notes that insider sales in closed-end funds like ECF are common and often relate to personal financial planning or trust management rather than specific corporate strategy shifts.

Comparison to Industry Standards

• The transaction size is relatively small compared to the total market capitalization of the fund.
• Insider activity in closed-end funds is frequently driven by liquidity needs of the individual rather than institutional outlook.

Stakeholder Impact

• Minimal impact expected on shareholders given the small volume of shares sold.

Key Dates

Keywords

ECF, Ellsworth Growth & Income Fund, Insider Trading, Form 4, Director Sale