David A. Lorber - 01 Mar 2024 Form 4 Insider Report for PhenixFIN Corp (PFX)

Role: CHAIRMAN AND CEO, Director, 10%+ Owner
Signature: /s/ David A. Lorber
Issuer symbol: PFX
Transactions as of: 01 Mar 2024
Transactions value $: $878,788
Form type: 4
Filing time: 05 Mar 2024, 16:35:07 UTC
Previous filing: 27 Feb 2024
Next filing: 14 Jun 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PFX	Common Stock, $0.001 par value	Purchase	$854K	+18.9K	+17.96%	$45.08	124K	01 Mar 2024	Direct	F1
transaction	PFX	Common Stock, $0.001 par value	Purchase	$25.2K	+560	+22.95%	$45.08	3K	01 Mar 2024	By Spouse
holding	PFX	Common Stock, $0.001 par value						81.7K	01 Mar 2024	By FrontFour Master Fund, Ltd.	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $45.06 to $45.08, inclusive. The reporting person undertakes to provide to PhenixFIN Corporation, any security holder of PhenixFIN Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
F2	Shares owned directly by FrontFour Master Fund, Ltd. ("FrontFour Master Fund") and indirectly by David A. Lorber by virtue of his position as a managing member and principal owner of the investment manager of FrontFour Master Fund. Mr. Lorber disclaims beneficial ownership of the shares owned directly by FrontFour Master Fund except to the extent of his pecuniary interest therein.

Content

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $45.06 to $45.08, inclusive. The reporting person undertakes to provide to PhenixFIN Corporation, any security holder of PhenixFIN Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

Shares owned directly by FrontFour Master Fund, Ltd. ("FrontFour Master Fund") and indirectly by David A. Lorber by virtue of his position as a managing member and principal owner of the investment manager of FrontFour Master Fund. Mr. Lorber disclaims beneficial ownership of the shares owned directly by FrontFour Master Fund except to the extent of his pecuniary interest therein.