$HNNA

STEADMAN DANIEL B sold $51K of HNNA

STEADMAN DANIEL B (Executive VP) sold 5,000 shares of HENNESSY ADVISORS INC (HNNA) at $10.26 on 2026-09-24.

Original reporting
SEC EDGAR · STEADMAN DANIEL B
Published Sep 25, 2026, 8:01 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 25, 2026, 8:51 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
AlphAI market briefInsider activity
Primary signal
$HNNA
Neutral
medium confidence
Mentioned
$HNNA
Relevance
3/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$HNNANeutralLow
01

Why it matters

Provides fresh data on insider sentiment but limited trading relevance

02

Market read

Small insider sale with minimal market impact

03

What to watch

Insider still retains a sizable stake, indicating confidence in the business

Relevance 3/10Novelty 3/10Timing: post‑market 2026‑09‑24

Background

Form 4 filing discloses insider transactions for public companies

Company-level read

Ticker impact

$HNNANeutralMedium confidence
Context

Executive VP sold 5,000 shares for $51,313 on 2026-09-24

Expected impact

Potential modest dip in short term

Evidence & confidence

Sale size is small relative to float and insider holds 37,768 shares after transaction

Market effects

No material impact on the advisory sector

Limited to US investors tracking insider activity

Low

Counterpoint

The sale could be a routine portfolio rebalancing, not a negative signal

Key entities

  • HENNESSY ADVISORS INC

    Issuer of the Form 4 filing

  • STEADMAN DANIEL B

    Executive Vice President and reporting insider

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

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HENNESSY ADVISORS INC (HNNA) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Media Contacts: Teresa Nilsen Hennessy Advisors, Inc. Terry@hennessyadvisors.com; 800-966-4354 Hibre Teklemariam SunStar Strategic HTeklemariam@sunstarstrategic.com; 703-894-1057 FOR IMMEDIATE RELEASE Hennessy Advisors, Inc. Reports Quarterly Earnings and Announces Q