SEC Form 4 · accession 0001398344-26-010332
SPECIAL OPPORTUNITIES FUND, INC. · SPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Dakos
Officer — President and CEO · Director · Other
Period of report
Jun 2, 2026
Accepted (ET)
Jun 4, 2026 · 4:11 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0000897802
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Jun 2, 2026 | S | 1,077 | $14.02 | D | 5,184 | D | |
| Common StockF1 | Jun 3, 2026 | S | 5,184 | $14.11 | D | 0 | D | |
| Common StockF3,F4 | Jun 3, 2026 | S | 133 | $14.07 | D | 0 | I | By Limited Partnership |
| Common StockF2,F3 | holding | — | — | — | 5,038 | I | By Spouse | |
| Common StockF2,F3 | holding | — | — | — | 807 | I | By minor children |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.75% Cconvertible Preferred Stock, Series CF5,F6 | $0.00 | Jun 2, 2026 | S | 200 | D | — | — | Common Stock | 343 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $14.04 to $14.24, inclusive. The reporting person hereby undertakes to provide to the issuer, any security holder of the issuer, 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 this footnote to this Form 4.
- F2Amount includes shares acquired through the issuer's in-kind stock distribution in January 2026.
- F3The Reporting Person disclaims beneficial ownership of the securities held Indirectly, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purposes.
- F4Shares were acquired by the limited partnership through the issuer's in-kind stock distribution in January 2026.
- F5The shares of Preferred Stock are convertible into common stock immediately upon issuance at a conversion ratio which is subject to adjustment. The current conversion ratio is equal to 1.7190 shares of common stock for each share of Preferred Stock held.
- F6The shares of Preferred Stock will be redeemed by the Issuer if not converted prior to January 21, 2027.