George W. Whitney (FUND) adds 135,086 shares via open-market buys and family entities

Rhea-AI Filing Summary

SPROTT FOCUS TRUST INC. director and ten percent owner George W. Whitney reported multiple open-market purchases of the fund’s common stock. On March 27, 2026, entities associated with Whitney, including his direct account, family trusts and a family foundation, bought a combined 135,086 shares at prices around the high-$8 range. Many of these shares are held in trusts or a foundation where Whitney serves as trustee or chairman and has investment and voting discretion, and he may be deemed to beneficially own those holdings.

Insider Trade Summary

Net Buyer: 135,086 shares ($1,209,868)

Net Buy 7 txns

Insider GEORGE W WHITNEY

Role Director, 10% Owner

Bought 135,086 shs ($1.21M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	16,268	$8.96	$146K
Purchase	Common Stock	4,571	$8.85	$40K
Purchase	Common Stock	48,814	$8.96	$437K
Purchase	Common Stock	21,227	$8.96	$190K
Purchase	Common Stock	3,943	$8.96	$35K
Purchase	Common Stock	1,702	$8.96	$15K
Purchase	Common Stock	38,561	$8.96	$346K

Holdings After Transaction: Common Stock — 8,094,301 shares (Direct); Common Stock — 311,376 shares (Indirect, Held by Trust)

Footnotes (1)

1. Shares held by a trust established for the benefit of Mr. George's immediate family member (the "BM Trust"). Mr. George serves as trustee of the BM Trust and, in such capacity, has investment and voting discretion over shares held by the BM Trust. Mr. George may be deemed to beneficially own the shares held by the BM Trust. Shares held by The Meredith and Whitney George Foundation (the "Foundation"). Mr. George serves as the Chairman of the Foundation and, in such capacity, has investment and voting discretion over shares held by the Foundation. Shares held by a trust established for the benefit of Mr. George's children. As beneficiaries of the trust, Mr. George's children have a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust. Shares held by a trust established for the benefit of Mr. George's spouse. Mr. George serves as trustee of the trust and, in such capacity, has investment and voting discretion over shares held by the trust. As beneficiary of the trust, Mr. George's spouse has a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust. Shares held by a trust established for the benefit of Mr. George's immediate family member (the "TM Trust"). Mr. George serves as trustee of the TM Trust and, in such capacity, has investment and voting discretion over shares held by the TM Trust. Mr. George may be deemed to beneficially own the shares held by the TM Trust.

Key Figures

Net shares purchased: 135,086 shares Direct purchase: 16,268 shares at $8.96/share Direct holdings after trade: 8,094,301 shares +4 more

7 metrics

Net shares purchased 135,086 shares Total open-market common stock buys on March 27, 2026

Direct purchase 16,268 shares at $8.96/share Common stock bought directly by Whitney on March 27, 2026

Direct holdings after trade 8,094,301 shares Whitney’s direct common stock position following the purchases

Spouse-held purchase 48,814 shares at $8.96/share Common stock acquired in an account held by spouse

Spouse-held holdings after trade 3,325,077 shares Total common stock held in spouse account after purchase

Trust purchase at $8.85 4,571 shares at $8.85/share Common stock acquired by a trust described as Held by Trust

Foundation purchase 38,561 shares at $8.96/share Common stock acquired by The Meredith and Whitney George Foundation

Key Terms

open-market purchase, beneficially own, pecuniary interest, indirect, +2 more

6 terms

open-market purchase financial

"transaction_action":"open-market purchase"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

beneficially own financial

"Mr. George may be deemed to beneficially own the shares held by the BM Trust"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

pecuniary interest financial

"As beneficiaries of the trust, Mr. George's children have a pecuniary interest in the trust"

indirect financial

""ownership_type":"indirect""

trustee financial

"Mr. George serves as trustee of the TM Trust and, in such capacity, has investment and voting discretion"

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

foundation financial

"Shares held by The Meredith and Whitney George Foundation (the "Foundation")"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GEORGE W WHITNEY

(Last) (First) (Middle)

C/O SPROTT ASSET MANAGEMENT USA INC.

320 POST ROAD, SUITE 230

(Street)

DARIEN CONNECTICUT 06820

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SPROTT FOCUS TRUST INC. [ FUND ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Senior Portfolio Manager

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/27/2026		P		16,268	A	$8.96	8,094,301	D
Common Stock	03/27/2026		P		4,571	A	$8.85	311,376	I	Held by Trust(5)
Common Stock	03/27/2026		P		48,814	A	$8.96	3,325,077	I	Held by Spouse
Common Stock	03/27/2026		P		21,227	A	$8.96	1,445,933	I	Held by Trust(3)
Common Stock	03/27/2026		P		3,943	A	$8.96	268,593	I	Held by Trust(1)
Common Stock	03/27/2026		P		1,702	A	$8.96	115,994	I	Held by Trust(4)
Common Stock	03/27/2026		P		38,561	A	$8.96	2,626,673	I	Held by Foundation(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares held by a trust established for the benefit of Mr. George's immediate family member (the "BM Trust"). Mr. George serves as trustee of the BM Trust and, in such capacity, has investment and voting discretion over shares held by the BM Trust. Mr. George may be deemed to beneficially own the shares held by the BM Trust.

2. Shares held by The Meredith and Whitney George Foundation (the "Foundation"). Mr. George serves as the Chairman of the Foundation and, in such capacity, has investment and voting discretion over shares held by the Foundation.

3. Shares held by a trust established for the benefit of Mr. George's children. As beneficiaries of the trust, Mr. George's children have a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust.

4. Shares held by a trust established for the benefit of Mr. George's spouse. Mr. George serves as trustee of the trust and, in such capacity, has investment and voting discretion over shares held by the trust. As beneficiary of the trust, Mr. George's spouse has a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust.

5. Shares held by a trust established for the benefit of Mr. George's immediate family member (the "TM Trust"). Mr. George serves as trustee of the TM Trust and, in such capacity, has investment and voting discretion over shares held by the TM Trust. Mr. George may be deemed to beneficially own the shares held by the TM Trust.

Remarks:

Mr. George disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. George is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("1934 Act"), or for any other purpose. The purchases of shares of Sprott Focus Trust, Inc. were made pursuant to a dividend reinvestment plan that satisfies requirements of Rule 16a-11 under the 1934 Act. Rule 16a-11 exempts such transactions from Section 16 of the 1934 Act.

	/s/ W. Whitney George	03/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did FUND director George W. Whitney report?

George W. Whitney reported multiple open-market purchases of SPROTT FOCUS TRUST INC. common stock. On March 27, 2026, he and related entities acquired a combined 135,086 shares, increasing both his direct holdings and positions held through family trusts and a foundation.

How many FUND shares did George W. Whitney buy directly?

Whitney directly purchased 16,268 shares of SPROTT FOCUS TRUST INC. common stock at $8.96 per share on March 27, 2026. This transaction brought his direct holdings to 8,094,301 shares following the purchase, according to the Form 4 data provided.

What indirect FUND holdings are associated with George W. Whitney?

Indirect holdings include shares held by trusts and The Meredith and Whitney George Foundation. Whitney serves as trustee or chairman and has investment and voting discretion over these accounts, so he may be deemed to beneficially own their SPROTT FOCUS TRUST INC. shares.

What prices were paid for the recent FUND insider purchases?

The reported open-market purchases of SPROTT FOCUS TRUST INC. common stock were made at prices of $8.96 and $8.85 per share. These prices applied across several transactions involving Whitney’s direct account and entities such as family trusts and a spouse-held account.

How many FUND shares were bought through a spouse-related account?

An account described as Held by Spouse purchased 48,814 shares of SPROTT FOCUS TRUST INC. common stock at $8.96 per share. After this transaction, that spouse-related holding totaled 3,325,077 shares, with Whitney potentially deemed a beneficial owner.

What role do family trusts play in George W. Whitney’s FUND ownership?

Several family trusts established for Whitney’s children and immediate family members hold SPROTT FOCUS TRUST INC. shares. Whitney serves as trustee for these trusts, has investment and voting discretion, and may be deemed to beneficially own the shares held in these vehicles.